Debt Payoff Diagnostic v6.2.2

Designed for: Young professionals (22-29) who want to understand what's really happening with their debt—not just see numbers.

What Makes This Different

Unlike basic calculators that just show a payoff date, this diagnostic answers three critical questions: How bad is it really? (your diagnosis), What's the fastest path out? (strategy comparison), and What should you do THIS WEEK? (your 90-day action plan).

You'll see exactly how much of every payment goes to interest vs. principal, get a personalized assessment of your situation, and receive specific Day 1, Week 1, and Month 1 actions—not generic tips.

The Three Strategies Compared

The Debt Avalanche targets high-interest debts first to save the most money. The Debt Snowball pays off small balances first for quick psychological wins. The Hybrid Strategy provides an early win to build momentum, then switches to the optimal approach. This tool shows you exactly what each costs—so you can choose with confidence.

Key Assumptions

• Interest rates remain constant throughout the payoff period
• You make consistent monthly payments without missing any
• No additional purchases are made on these debts
• Calculations use monthly compounding for interest
• Extra payments are applied immediately to reduce principal

Important Limitations

• Results are estimates for educational purposes only
• Actual outcomes may vary based on market conditions and rate changes
• Individual circumstances may require different strategies
• Does not account for fees, penalties, or rate changes
• Assumes consistent income and payment ability
• Does not replace professional financial advice
• Wealth projections use historical 7% average returns and may not reflect future performance

Disclaimer: This tool provides educational estimates only. Results are projections based on the inputs you provide and standard financial formulas. Actual results will vary based on your specific situation, market conditions, and adherence to the payment plan. Consult a qualified financial advisor for personalized advice tailored to your unique circumstances.