Debt Payoff Planner is its own page in the sidebar, directly below Debts, 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
- Open Debt Payoff Planner (opens in a new tab) from the sidebar, just below Debts.
- 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.
- Optionally add an amount in Extra toward debt each month — type it or tap a preset ($50 / $100 / $250 / $500). The plan updates instantly.
- 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
- Extra payments make the biggest difference. Adding even a small amount in "Extra toward debt each month" can move your debt-free date up — the planner shows exactly how much sooner and how much interest you'll save.
- If a payment can't keep up with interest, the planner says so plainly — it won't clear that balance until the payment goes up, so try adding an extra amount.
- 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.
- Piggy (Pro) can do this in chat too. The AI assistant 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.
FAQ
Do I need Pro to make a payoff plan?
No. The Debt Payoff Planner page is free. The Pro AI assistant can also build one in chat and add extras like your debt-to-income ratio.
What's the difference between avalanche and snowball?
Avalanche pays your highest-interest debt first to minimize total interest. Snowball pays your smallest balance first to clear individual debts faster.
Why does a debt say it needs a linked bill?
The planner uses each debt's linked payment bill to project a payoff date. Debts with no linked bill are left out until you link one on the Bills page.
Can I see the effect of paying extra?
Yes. Enter an amount (or tap a preset) in "Extra toward debt each month" 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 — plus a chart of your balance shrinking to zero.