Are YOU ready to be DEBT FREE?
Most people don't have a money problem. They have a clarity problem. They know the debt is there, but they've never seen the finish line, so every month feels the same.
This free debt payoff calculator shows you two things: your monthly margin (what's left after giving, bills and minimums) and the month you'll be debt-free at three different paces. How much you're willing to give up decides how fast you get there.
How to Use this Calculator
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Enter your monthly take-home pay and your giving.
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Enter your essentials and your non-essentials. Use the + buttons to add anything that isn't listed. (no miscellaneous & don't lump things together)
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List every debt except your house & car, with the balance, interest rate and minimum payment.
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Enter what you're willing to trim each month for each pace, and compare your dates.
Flexible, Focused or Fearless: Which pace is yours?
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Flexible means changes that suit your lifestyle.
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Focused means giving up non-essentials for a season.
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Fearless means cutting everything except what keeps your family fed and sheltered.
Pick the real one, not the one that sounds impressive.
Every pace has a timeline, and there's no shame in slow.
How the Debt Snowball Calculator Works
Pay minimums on everything, then put every extra dollar on your smallest balance. When it's paid off, its payment rolls into the next one.
You see a win quickly, and that win is what keeps you going.
The math matters, but behavior matters more.
Frequently Asked Questions
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How long will it take to pay off my debt?
It depends on your balances, interest rates and how much extra you pay each month. Enter your numbers above to see your date at three paces.
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Should I keep tithing while I pay off debt?
In this calculator, giving comes first and stays the same at every pace. Firstfruits aren't what you give when there's something left over. They come off the top. Though I want to make it clear that tithing is not a salvation issue, it is an obedience and trust issue.
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Is the debt snowball better than paying the highest interest rate first?
Paying the highest rate first sometimes saves a little more on paper. The snowball gets more people across the finish line, because the early wins keep you going.
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Should I include my mortgage?
No. List everything except your house and transportation.
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What does the Bible say about debt?
Proverbs 22:7 (ESV): "The rich rules over the poor, and the borrower is the slave of the lender."
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Does this calculator save my numbers?
Yes, in the browser you used. Come back on the same device and browser and your numbers will still be there.
