Debt Reduction Calculator								Strategies
https://www.vertex42.com/Calculators/debt-reduction-calculator.html						© 2007-2021 Vertex42 LLC		Snowball (Lowest Balance First)
								Avalanche (Highest Interest First)
	Balance Date:	1/10/2019						Order Entered In Table
								No Snowball
	Creditor Information Table							Custom - Highest First
Row	Creditor	Balance	Rate	Payment	Custom	Interest-only		Custom - Lowest First
1	Card #1	4,400.00	13.00%	50.00	2	47.67
2	Auto Loan #1	3,200.00	9.81%	30.00	1	26.16
3	Auto Loan #2	5,000.00	12.00%	55.00	3	50.00
4	Card #2	9,000.00	13.50%	110.00	5	101.25
5	Student Loan #1	4,900.00	4.00%	25.00	4	16.34
6						-
7						-
8						-
9						-
10						-
	Total:	26,500.00		270.00
	Monthly Payment:	500.00	.
	Initial Snowball:	230.00
	Strategy:	Snowball (Lowest Balance First)			← Choose a strategy
					1
	Creditors in Chosen Order	Original Balance	Interest Paid	Months to Pay Off	Month Paid Off
	Auto Loan #1	3,200.00	186.45	14	Dec-2020	.
	Card #1	4,400.00	1,016.44	29	Mar-2022	.
	Student Loan #1	4,900.00	570.81	43	May-2023	.
	Auto Loan #2	5,000.00	2,417.89	56	Jun-2024	.
	Card #2	9,000.00	6,392.36	75	Jan-2026	.
		-	-	-		.
		-	-	-		.
		-	-	-		.
		-	-	-		.
		-	-	-		.
		Total Interest Paid:	10,583.95	Debt Free:	Jan-2026
			Results are only estimates
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