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The Avalanche method focuses on paying off debts with the highest interest rates first, saving you more money in the long run. The Snowball method targets the smallest balances first, providing psychological wins that help maintain motivation throughout your debt payoff journey.
Our calculations are based on the information you provide and assume consistent payments. Real-world factors like interest rate changes, missed payments, or additional purchases can affect your actual debt-free date. Use these projections as a guide for planning.
Balance transfers can be effective if you qualify for a lower interest rate and have a plan to pay off the debt before promotional rates expire. Consider transfer fees and ensure you won't accumulate new debt on the cleared cards.
A good starting point is $1,000 for immediate emergencies. Once you've paid off high-interest debt, aim for 3-6 months of expenses. Having an emergency fund prevents you from going back into debt when unexpected expenses arise.
Yes, all your data is stored locally in your browser and never transmitted to our servers. This means your financial information stays private and secure on your device. Clear your browser data if you want to remove the information.
Currently, the app saves one scenario per browser. You can modify your debts and settings to compare different approaches, or use different browsers/devices to track multiple scenarios. Pro features for multiple scenarios are coming soon.