My Debt Payoff Plan

Made with the Debt X-Ray & Payoff Planner · moneyviel.com

Debt X-Ray & Payoff Planner

See what your debts really cost, then find the fastest, cheapest way to become debt-free. Everything stays in your browser.

🔒 Private: nothing is uploaded⏱️ Takes 2 minutes

1. List your debts

We started you with 3 examples. Change them to match your own statements, remove what you don’t have, and add the rest. Interest rates shown are example rates: use your own statement.

2. Your Debt X-Ray

Total debt
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Minimum payments / month
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Weighted average interest
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per year, weighted by balance
Interest cost this month
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Debt-free on minimums only
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Total interest on minimums only
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🔥

Where this month’s interest goes

3. Your payoff plan

Even a small extra amount helps. Your plan keeps paying the same total every month: when one debt is cleared, its payment rolls into the next one.

Total balance over time

When each debt is cleared

Month-by-month payoff calendar

4. Keep, print or share your plan

The PDF opens your print window: choose “Save as PDF”.

Gentle guidance

  • ✋Pause new borrowing on your costliest debt. If you keep spending on it while paying it down, the balance refills. Paying it off is much easier when it stops growing.
  • 🛟Keep a small emergency buffer. Even a month of essential costs set aside means a surprise bill doesn’t push you back onto expensive credit. Emergency Fund Calculator
  • 📞Struggling to pay? Talk to your lender early. Before you miss a payment, call and ask about options. Lenders may have more ways to help before an account falls behind.
  • 🚫Never borrow from illegal or unknown loan apps to repay other debts. Check that any lender is registered on your official financial regulator’s website.
  • 🔍Thinking of a new loan to repay old ones? Compare the total cost carefully (interest, fees and tenure) and read all terms before you decide. Check any EMI with the EMI Calculator.

Avalanche usually saves the most interest. Snowball gives quick wins that keep many people motivated. The best plan is the one you will stick to.

Prepared with moneyviel.com Debt X-Ray & Payoff Planner. Interest is estimated monthly at (annual rate ÷ 12). Real statements may differ because of fees, taxes, billing dates and rate changes. For education only. Not financial advice.

For education only. Not financial advice. Figures are estimates based on your assumptions.

How to use the Debt X-Ray & Payoff Planner

  1. List each debt: credit card, personal loan, EMIs, BNPL, a family loan or anything else. Start from the three examples and change them.
  2. Enter the balance, the yearly interest rate from your statement, and the monthly payment. For a card, enter the minimum due as a % of the balance.
  3. Read your Debt X-Ray: total owed, monthly interest, and which debt costs you the most.
  4. Choose an extra amount you can pay each month, on top of minimums.
  5. Compare Avalanche, Snowball and Minimums only. Then save your plan as a PDF or keep it on this device. Nothing is uploaded.

Worked example

Kavita owes ₹80,000 on a credit card at 36% a year. She also has a ₹2 lakh loan at 14% (EMI ₹6,800). Her BNPL dues are ₹15,000, paid ₹5,000 a month. These are example rates.

Her debts cost about ₹4,733 in interest this month. The card alone is ₹2,400, about half of it.

Paying only minimums, she would be debt-free in about 14 years and pay about ₹1,54,633 in interest.

She adds ₹3,000 extra, so she pays ₹18,920 every month. With Avalanche, she is debt-free in 18 months. Interest falls to about ₹42,032, a saving of about ₹1,12,601.

Snowball also takes 18 months here and costs only about ₹322 more. It clears her first debt a month sooner.

Avalanche vs snowball: which one suits you?

Both plans pay the same total every month. When one debt is cleared, its payment rolls into the next.

Avalanche puts extra money on the highest interest rate first. It usually saves the most money.

Snowball clears the smallest balance first. Each quick win can keep you going.

The best plan is the one you will stick to. If the gap is small, pick the one that feels better.

If you can’t pay your minimums

This happens to many people, often after a job loss or illness. It is not a personal failure.

  • Talk to your lender early, before you miss a payment. Ask what options they have.
  • Pause new spending on your costliest debt so the balance stops refilling.
  • Cover essentials first: food, rent, school fees and medicines.
  • Never borrow from unverified apps or unknown lenders to repay old debts. Check any lender on the Reserve Bank of India’s official website.
  • Build a small cushion with the Emergency Fund Calculator.

Questions people ask

Should I list a loan from family?

Yes. Set the interest to 0 and the payment to 0 if there is no fixed repayment. It gets cleared from extra payments in your plan.

Why is my real statement a little different?

The planner estimates interest as the yearly rate divided by 12. Fees, taxes, billing dates and rate changes can change real figures.

Is it safe to enter my debts?

Yes. Everything is worked out in your browser. Your debts are saved only on your device, and only if you tick the box.

This content is for general education only and is not financial, investment, tax or legal advice. Please consult a qualified professional before making financial decisions.