To pay off debt fast, you need to exceed your minimum payments ... but paying off debt by a specific date is even better. Various online calculators can tell you exactly how many months you ...

Unsure of the best order in which to pay things? A free online tool called PowerPay.org might give you the direction that you need. PowerPay is a very basic debt payoff calculator that shows you ...

Key takeaways To calculate your debt-to-income ratio, add up your monthly debt payments and divide this figure by your gross ...

Ultimately, having too much debt can cause a downward spiral financially — with increasing debt loads and high interest rates ...

When you write down ... calculate your goals into your budget, then tell you how much you have to spend each day until the next time you get paid. You can pay off debt a lot faster when you ...

Then, add up the total amount you owe and calculate ... a debt-to-income ratio below 35% if you have a mortgage, or 20% if you don’t. By restructuring debt, you may be able to pay it down ...

Saddled with student loans? Here’s how to clarify your financial goals, make smart payment strategies, and seek forgiveness resources to clear the debt.

Saving versus paying down debt ... emergency savings to pay off debt, as you could wind up accumulating more debt when an emergency arises. Use this savings calculator to find out how much ...