Find your debt-free date
Enter your accounts and extra monthly budget to calculate your exact debt-free month and year. See how your debt balance melts away month-by-month.
Debt Meltdown Calculator
Add your debts below, choose a strategy, and watch your debt stack melt down month by month.
Strategy Comparison Fact: The Avalanche strategy mathematically saves £906 in interest compared to Snowball for these numbers. However, Snowball clears your first account earlier, which can still be easier to stick with psychologically.
Your Debts
Total: £7,150 | Min Payments: £200/mo
Debt #1
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Debt #2
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Debt #3
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Side-by-Side Meltdown ComparisonToday
Snowball Tower
End: Aug 2029 | £3082 interest
Remaining
£7,150
Avalanche Tower
End: Mar 2029 | £2177 interest
Remaining
£7,150
Month 0 (Today)Month 0 of 31Month 31 (Mar 2029)
Avalanche Payoff Milestones
Small Overdraft
Paid Off May 2028 (Mo. 21)
High-APR Store Card
Paid Off May 2028 (Mo. 21)
Bank Credit Card
Paid Off Mar 2029 (Mo. 31)
Total Interest Paid:£2,177
How Your Debt-Free Date Is Calculated
Your debt-free date is determined by simulating month-by-month payments across your accounts. Minimum payments are maintained on all non-target debts, while extra monthly funds reduce the target balance until every account reaches zero.
Shaving Months Off Your Payoff Timeline
Increasing your monthly payment allocation or redirecting cleared minimum payments accelerates principal reduction. Small adjustments to your extra monthly payment can shorten your debt clearance timeline by months or years.
Frequently Asked Questions
The calculation is mathematically exact based on the static balances, interest rates (APRs), and consistent monthly payments you enter.