So we all pretty much at some point in our lives have had debt, right? How to manage it all when my interest rates are all over the place and when will I finally pay this off? Fret no more! This debt reset calculator asks loads of questions to get to know your situation better but in the end will tell you what date you'll pay off the debt, based on three different payoff methodologies. You can also set a savings contribution per month to save up at the same time! It prints out what date you'll meet your saving goal too. And how much debt you'll have left after you reach that savings goal.

The calculator takes interest into account, compounded monthly as most creditors do.

Checkout the full code here!

Pay debt at too low a percentage and you'll see something interesting happen. IT'S A TRAP!

The calculator returns debt resolution dates using three different methodologies.

1. Paying the maximum balance first.

2. Paying the minimum balance first.

3. Paying an even amount across all accounts.

The flowchart below describes how the code works.