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What Year Is It?

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What day is it? What week is it?

Is anyone else having this issue? It’s like I have NO IDEA what is going on around me right now! Things are moving at warp speed and I’m just trying to keep up. Probably the time off from the holiday. College session doesn’t officially start back until Monday, but instructors are back full-force this week. Yes, even online we report back. I’ve been doing training sessions and answering student emails and tweaking minor things on syllabi and lesson plans and just trying to keep all the balls in the air. Things tend to settle back down a bit once we get a couple weeks into the semester and things start smoothing out.

In the meantime….what’s the best debt-payoff calculator (online, free) that you use?  The one I used to swear by has recently disappeared. It was one through CNN, but its now gone and the calculator in its place doesn’t have the same versatility I’m used to.

What I’m looking for:

  • Can enter multiple, different kinds of debts (with different interest rates)
  • Can see payoff schedule based on different factors (paying a set amount per month, paying minimums, using the snowball method, using the avalanche method)
  • Offers visuals, like charts or figures

I guess that’s really it. Why is it so hard for me to find something like this? I either find calculators that will only let you enter a single APR (doesn’t work for me since I have various debts with hugely different APRs), or its based only on minimum payments, or it doesn’t let you play around to see estimated pay-off dates based on which payment method you’re using (e.g., snowball versus avalanche)

Give me your recommendations! I’d love to hear them!

Many thanks!


8 Comments

  • Reply Brooke |

    This is my favorite calculator: https://www.jeanchatzky.com/tools/credit-card-avalanche-calculator/

    It is made for credit cards, but you can uncheck the box “use credit card minimum for payments” to use it for other loans. Also check or uncheck the box for “snowball” or “avalanche.”

  • Reply Mysti |

    I use What’s the Cost…but it doesn’t have graphs or anything like that. There is another one that begins with a “V” that I can’t remember that alot of people use. I found it hard to use personally, but alot of people thing it is great!

  • Reply Deeanna |

    I use this one. Downside is if you adjustments payments on front page, it will adjust your history as well. I can explain more if you would like more details.

    http://www.vertex42.com/Calculators/debt-reduction-calculator.html

  • Reply AJ |

    I’m so glad you posted this! That CNN calculator was always my favorite go-to when evaluating our debt payoff plan/goals. I was sad to see it gone. I’ll be checking comments for useful links! Oh and it’s not just you, I cannot keep track of the days/weeks lately. The holidays really threw me off this year.

  • Reply Rhitter |

    I have a small collection of links that my be useful on my blog.

    http://planetdebtfree.blogspot.com/p/debt-management-resources

  • Reply Fee |

    I use can App called ‘Debt Free’. It shows graphs of your debt amount, each debt as a percentage of your overall debt, estimated payoff dates, additional payment amounts & allows you to play with different pay off methods. It’s working for us!

So, what do you think ?