Credit Card Calculator
Use our credit card calculator to factor what it will take to retire each of your individual revolving credit card obligations. We recommend a two-prong approach. Establish a monthly savings plan first. This will give you "rainy day" funds that can help you get out of a debtor lifecycle. For example, when insurance policies renew, pay them in full using your "rainy day" fund. Use that free capital to the begin your credit card payoff strategy. Payoff one creditor at a time. Start with the debt with the smallest balance first and use the free funds saved to pay additional amounts towards the next creditor. It works, it's effective, and the amount of free cash you will have every month will compound!
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