What is the Debt Blaster?

The Debt Blaster is an original budgeting idea I have developed to turbo-charge your existing debt payoff plan. Exclusive to Undebt.it, the Debt Blaster option automatically increases your monthly budget in small increments and adjusts your payment plan accordingly. The Blaster works with any of the Undebt.it payment plans and gives you the option of increasing your budget by a fixed amount or by a percentage each month.

Setting it Up

To get going with the Blaster, you need to have an active Undebt.it+ account. There is a section in My Account > Main Settings where you control the Blaster options. debt blaster options

The photo above shows the option that needs to be checked to turn on the Debt Blaster. Once the box is checked you'll be able to choose which increment method and amount you want to use. Don't forget to click the Save Changes button when you are done.

The examples below are based off of a $1,400 monthly budget with a balance of approximately $50,000. There are also $1,000 debt snowflakes every 6 months which you can see on the projection graphs.

using the percentage amount
The percentage amount compounds over time; for example, a $1,400 monthly budget set to a 1% increase would increase to $1,414 the first month, and by the sixth month the budget would be $1,486.
using the fixed-amount amount
The fixed amount option compounds the budget by the same amount each month. This example shows a $10 compounding increase every month.

payoff plan without blaster option

The graph above shows the projected payoff plan for the example $1,400/month account. The payoff date is scheduled to be September 2019.


payoff plan with blaster option turned on

This graph shows the Debt Blaster option enabled with the 1% monthly increase. The new payoff date is May 2019, which saves approx. $476 in interest and gets you debt free a full 5 months sooner.

YouTube Tutorials
@undebt_it Unfortunately, the emotional side of #debt is something that many people struggle with. The good news is that you… https://t.co/00cwFrZlQE
1:01 AM - Aug 5th 2021
@undebt_it Do you need cash now? If you are short on funds and time, getting a payday loan may seem like the only option. Unf… https://t.co/FDfHeafmyu
1:02 AM - Aug 2nd 2021
@undebt_it 7 Payday Loan Alternatives https://t.co/MA86wEQxef
10:19 PM - Aug 1st 2021
@undebt_it Since #creditutilization rates play such a key role in your credit score, it is a good idea to aim for a good… https://t.co/a6owIzuXPL
1:02 AM - Jul 29th 2021
@undebt_it The debt hybrid payoff method helps you balance motivational wins with reducing interest payments. It’s a win-win!… https://t.co/0RgAZMr2zx
1:02 AM - Jul 26th 2021