In simple terms, we help you see what it will take to payoff your bills and as a special treat, we help you save for that special event in your life that keeps you going.

 

Let's say you have 5 loans you would like to payoff. Let's also say you have an extra $500 to help pay them off faster. You will enter basic information about each loan along with the extra $500 you have to help pay them off.  This simulator will take your information and show you when each loan will be paid off using the Stacked Payment Method.  In other words, when one loan is paid off that payment is then applied to another loan. This happens until all loans are paid off in full.  Click to see a pdf sample.

 

In addition, you can setup a short terms savings account so while paying off your debt you can still save for those things you need/want to do.  Don't go crazy but everybody deserves a weekend away.  If you can afford it, go for it, just don't overspend.  It doesn't do any good if you go deeper into debt.

What does it cost to use the Debt Payoff Simulator? Use of this tool is FREE!  Use it over and over. Use it for your clients.  Use it for your friends.  Use it all you want and it's still FREE.  However, if you find it to be a useful tool and you wish to donate a few bucks to help us maintain this great tool click the Donate button and give what you can.