The article Reducing Debt discusses the importance of debt reduction and its benefits. The simple calculator on this page provides a way to estimate how long and how much it takes to reduce or eliminate debts.
Use this to see:
The calculations are approximate and are meant to get a general idea of the debts and a quick way to try out what-if scenarios. The calculator does not support advanced debt reduction options such as debt consolidation or tax-related issues. Please consult your financial advisor or planner to tailor this for your individual cases.
Estimate how long and how much it takes to reduce or eliminate debts: