One of the hardest parts of paying off your credit card is determining just how much you need to pay "above" the minimum payment set by your credit card company to really get ahead. This calculator will help you figure that out either by entering the amount you are paying now, or by letting you set the number of months you want to be debt free in.
Enter your credit card balance and interest rate. Then enter the monthly payment you can afford, or your deadline to be debt-free. Leave the other window blank.
| You can save money and shave years off the length of your loan by paying more on your monthly mortgage payment than your regularly scheduled amount. How much can you save? Fill in the boxes below, including the amount of the additional payment and the number of times you will make that increased payment each year. |