Debt payoff calculator

Debt payoff calculatorの使い方

何を計算するか、いつ使うか

Compares the snowballとavalanche methods across several debts、showing your debt-free 日付, 利息 有給、which debts are cleared.のthe order

使い方の手順

1. List 1個あたり debt with its 残高、利息 利率、最小値 payment.
2. Enter the extra money you can pay each mon乗.
3. Choose avalanche (highest 利率 first)またはsnowball (smallest 残高 first).
4. Compare the 結果.

各入力項目の意味

• 残高, 利率 %, 最小値 – For 1個あたり debt.
• Extra – Added〜the minimumsとaimed 適用 the 目標額 debt.
• Method – Decides which debt receives the extra money.

結果の読み方

• Debt-freeインチ – か月 空き終了 all balances are zero.
• 利息 – 合計interest個でeach methodとminimum payments only.の場合
• 並び順 – When 1個あたり debtはcleared.です

計算式

Each month interest = balance × rate ÷ 12はaddedです、minimums are 有給,、the remaining budget goes〜the target debt. When a debtはcleared its minimum rolls into the next one.です

計算例

4,500 at 22.9% A credit card、9,000 at 7.5% a car loan、1,200 at 29.9% a store card、2 years 4のwith 200 extra a month. You are debt-freeか月、pay 2,115 interest、compared with 3 years 11か月、2,596. 4,712 at the minimums, a saving

前提と限界

• Rates are fixedとno new debtはadded.です
• Minimums 操作 not 変動 as balances fall.

よくある間違い

• Not rolling a cleared debt’s payment into the next one.
• Paying only minimums on high-rate cards.

よくある質問

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