Extra Payment Calculator

See how extra payments accelerate your debt payoff. Calculate how an extra $50, $100, or $500/month changes your debt-free date.

Your progress

Let's list your debts

No judgment here — just getting a clear picture.

Total debt:
Monthly minimums:

Can you add any extra?

Even $20/month makes a real difference. But no pressure!

Added on top of your minimums each month

$
That's /year toward your freedom!

Tax refund, bonus, or gift?

$

Not sure yet? You can skip this step — we'll still show your payoff plan.

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The power of extra payments

Even small extra payments can dramatically speed up your debt payoff. Here's why they're so effective.

100% to principal

When you pay extra (beyond your minimum), it goes straight to your balance. Less balance = less interest next month. The savings compound over time.

Where to find extra money

Monthly sources

  • • Cut one subscription
  • • Side gig income
  • • Cashback rewards
  • • Pack lunch twice a week

One-time windfalls

  • • Tax refund
  • • Work bonus
  • • Selling unused items
  • • Birthday money

Before you start

Make sure you have a small emergency fund first ($500–$1,000). This prevents you from going back into debt when unexpected expenses hit. Then throw everything else at your debt.

No extra money right now?

That's okay. Start with minimums, and add extra when you can. The most important thing is making consistent payments. You're still making progress.