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Debt – Savings Calculator

Debt-Credit Consolidation August 1, 2021

Click here to Download Debt/Savings Calculator

Debt/Savings Calculator
Monthly Payment Needed to Pay Off a Debt
Amount owed $  1,000.00
Interest rate charged 10.00%
Number of months to pay off debt 15
Monthly payment needed to pay off this debt $   71.20
How Many Months It Will Take You To Pay Off a Debt
Amount owed $  1,000.00
Interest rate charged 10.00%
Maximum monthly payment you can afford $      71.20
Number of months needed to pay off this debt 15.0
How Much You Need To Save Each Month to Meet a Specific Savings Goal
Savings goal $10,000.00
Rate of return (interest rate) on savings 4.00%
Number of months to reach goal 30.0
Amount to save each month to meet this goal $ 317.50
How Many Months It Will Take You to Reach a Specific Savings Goal
Savings goal $10,000.00
Rate of return (interest rate) on savings 4.00%
Maximum amount you can save toward this
goal each month $     317.50
Number of months needed to reach this goal 30.0

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