Make a debt payoff plan

Debt Payoff Planner is its own page in the sidebar, under Planning tools, that shows when you could be debt-free and how much interest you'll pay. You pick a payoff method, optionally add an extra monthly payment, and it does the math from your current balances and linked payments — including how much time and interest that extra saves you, a chart of your balance shrinking to zero, and an Avalanche-vs-Snowball comparison side by side.

Before you start

• The planner is free — no Pro plan needed.
• Add your debts first. The planner reads your existing balances and rates.
• Link a payment bill to each debt (on the Bills page). The planner uses that payment to project a payoff date; debts with no linked bill are left out until you link one.

Steps

1. Open Debt Payoff Planner (opens in a new tab) from the sidebar, under Planning tools.
2. Choose a method — Avalanche or Snowball. Both are shown side by side with their own debt-free date and interest, and the cheaper one is flagged, so you can compare before you commit.
3. Optionally add an amount in Extra toward debt each month — type it or tap a preset ($50 / $100 / $250 / $500). The plan updates instantly.
4. Read your results: Debt-free by (your projected payoff date), Total interest, and Total you'll pay. If you added an extra payment, a green banner tells you how many months and how much interest it saves.

What the planner shows you

• Avalanche — pays your highest-interest debt first, which minimizes the total interest you pay.
• Snowball — pays your smallest balance first, which clears individual debts faster for quicker wins.
• Side-by-side comparison of both methods, each with its own debt-free date and total interest, and the cheaper one flagged.
• Headline stats for the method you picked: your debt-free date (with a countdown), total interest, and total cost (principal + interest).
• What your extra buys — add an extra payment and the planner shows how many months sooner you'll be debt-free and how much interest you'll save versus paying only your minimums.
• A balance-over-time chart of your debt shrinking to zero, with the no-extra path overlaid as a dashed line when you add an extra payment.
• Payoff order — each debt with its projected payoff date, and the first debt you'll clear highlighted.
• Debts without a linked payment bill are called out separately, with a link to add one, rather than guessed at.

Good to know

• Anyone who can see the Debts page can open the planner — it uses the same access, on every plan.
• If a payment can't keep up with interest, the planner says so plainly — that debt shows "Payment doesn't cover interest" instead of a payoff date.
• The planner is educational. It's an estimate from your current balances and payments; it doesn't move money or change your bills for you.
• Beth (Pro) can do this in chat too. Beth builds the same kind of plan on request and adds your debt-to-income ratio (DTI) — your total monthly debt payments divided by your gross monthly income.
• For a single debt, the free Loan Payoff Calculator estimates a payoff date, total interest, and what an extra payment saves, no sign-in needed.