New Tool Available – Debt Snowball Payment Calculator (no signup required)
I’ve been wanting to add this tool for quite a while and I finally had some time to work on it. This calculator will let you plug in your account information and budget and generate a debt payment plan. It does the same thing as an undebt.it account, but this does not require you to create an account to use. Of course, if you want to keep track of your payment plan, creating a free account is definitely the way to go. This was created for people who are new to the debt snowball or just don’t want to create an account.
You can add as many debt accounts as you want – just use the add & delete row buttons. Next, choose the debt payoff method you want to use: debt snowball or debt avalanche. You can even choose if you want to start the payment plan this current month or the next one. Finally, enter your total monthly budget and hit the “Go!” button. Your payment plan will automatically be generated.
Now that you have a payment plan ready to go, you can choose to create a free undebt.it account. All of the information you just put in will be automatically added to your new account for you. If you’re new to undebt.it, here are just a few of the benefits creating an account:
- Keep track of your debt account history
- Record payments from your computer or mobile device
- Create a custom payoff plan
- Export the payoff plan to Excel or a text file
- Add “debt snowflakes” (schedule additional payments on top of your current budget)
- Much more
The Debt Snowball Payment Calculator can be found in More Info > Tools on the main website.