🧨 Debt Payoff planner

Debt Payoff Planner

Get out of credit card and loan debt faster with the avalanche method.

Your goal

Goal name

Target amount (£)

Current savings (£)

Target date

Monthly income after tax (£)

Fixed bills (£/month)

Other spending (£/month)

Expected bonus / lump sum (£)

Savings frequency

Your roadmap

£4,500 to go

365 days · 52.1 weeks · 12 months until 3 Aug 2027

Success score

£500 saved10%£5,000

Per day

£12.33

Per week

£86.30

Fortnightly

£173

Per month

£375

Trim monthly spending

You'd need 54% of your disposable income. Cutting £135/month from subscriptions and takeaways typically closes half the gap.

Assign your next bonus

A £1,000 workplace bonus routed straight to this pot advances your target date by ~1 month at current pace.

Motivation

You've already covered 10%. Small wins compound — a £5/day cut equals £150/month.

How to plan a debt payoff fund

1
List every debt with APR, balance and minimum payment.
2
Avalanche: pay minimums everywhere, throw everything else at highest APR.
3
0% balance transfer cards can save thousands — check eligibility first.
4
Never take new debt while paying off old debt.

FAQs

Snowball or avalanche method?+

Avalanche saves the most money. Snowball builds motivation. Pick whichever you'll actually stick with.

Should I use savings to pay off debt?+

Keep a £1,000 emergency buffer, then yes — debt at 20%+ APR always beats savings at 5%.

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