Paycheck Budget Calculator

Debt Payoff Calculator

Enter a balance, interest rate and monthly payment to estimate how many months until it's paid off. Scroll to the debt section below.

Debt payoff months

Next step: Pull your credit card transactions into Excel from your statement PDF

Want this in a reusable template?

Printable and fillable planners from our shop:

New Year Budget Reset 2027Debt Payoff Planner

Household budget spreadsheets

• Paycheck budget spreadsheet: coming soon

• Couples budget spreadsheet: coming soon

• Debt payoff spreadsheet: coming soon

FAQ

How is payoff time calculated?

Interest is added monthly at APR ÷ 12, then your payment is subtracted, repeating until the balance reaches zero.

Snowball or avalanche?

Snowball pays smallest balances first; avalanche pays highest interest first. Both are common methods; which suits you is a personal decision.

Is the result exact?

No. It is an estimate that assumes a fixed rate, fixed payment and no new charges.