• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
  • Email
  • Facebook
  • Instagram
  • Pinterest
  • YouTube
Living On A Dime To Grow Rich

Living On A Dime

How To Save Money And Get Out Of Debt

  • Shop
  • Free Newsletter
  • Videos
    • Our Favorite Christian Resources – Bible Translations, Christian Speakers And More!
    • Show Notes
    • Amazon Recommended Items
  • Recipes
    • Beverages
    • Breads
      • Quick Breads
      • Yeast Breads
    • Desserts
      • Cakes
      • Candies
      • Cookies
      • Pies
    • Dinner Recipes And Main Dishes
    • Side Dishes
      • Dips
      • Pasta And Rice
      • Salads and Dressings
      • Sauces
      • Soups
      • Vegetables
    • Gluten Free Recipes
    • Cooking Ideas And Tips
    • Miscellaneous Recipes
      • Breakfast
      • Homemade Cleaners
      • Kids Recipes
      • Mixes and Gifts In A Jar
    • Quick and Easy Recipes
  • Saving Money
    • Save Money On Groceries
    • Managing Money
      • Budgeting
      • Getting Out Of Debt
      • Kids And Money
      • Saving Money Everyday
    • Bath and Beauty
    • Organizing Ideas
      • Cleaning
      • Decorating
      • Laundry
      • Organizing
    • Gardening
    • Holidays
      • 4th of July
      • Christmas Recipes And Ideas
      • Easter
      • Halloween
      • Thanksgiving
      • Valentine’s Day
    • Miscellaneous
      • CFS/FM
      • Moving
      • Staying Home
  • Free Bible
  • About Us
  • Contact

Check Out Our Dining On A Dime Cookbooks!

Check Out Our Dining On A Dime Cookbooks!

Get 25% Off Now!
Get Them Here!

Debt Calculator

Get out of Debt Calculator

Reduce Interest and Pay Off your Credit Cards!

If you are serious about paying off credit debt, you might want to spend a little extra time on this page. This debt calculator will help you to see at the current rate that you are paying how long it will take you to pay off your credit cards and how much it will cost you.

 

What is your total credit debt?

What are your total monthly payments?

What is the interest rate you are paying? (% APR) 

 

At the current payment, it will take you months to pay off your debt.

By the time you pay it off the total payments will have been

and you will have paid a total of in interest.

I find it useful to enter my payments and APR as it is now and then what I would like it to be. If you have been to our How it Adds Up page, you might be interested in seeing how much difference it makes to cut something out of your monthly budget and apply the extra money to your credit debt. As an example, if you are considering cutting a $20 pizza twice a month, you might enter the information as it now is and then increasing the payment by the $40 you would have saved by NOT buying the extra pizzas.

Pay extra attention to the interest. Unless you have an investment that is earning significantly more interest than the interest you are paying, the interest you are paying is simply money that is wasted. I talk to people who have credit cards with a high interest rate and are maintaining savings or retirement accounts earning low rates of interest. If you are paying 13% interest on a credit card and putting money into a retirement account earning 5%, you would be better off paying off the debt first.

Related Posts

If you struggle with how to make a budget, these easy printable budget forms help you make a simple family budget without a lot of stress!

Simple Family Budget Ideas and Easy Printable Budget Forms

10 Meals in 30 Minutes or Less

10 Meals in 30 Minutes or Less

Are you doing too much work cleaning? Do you wish it was easier to keep everything clean and tidy? Here you'll find some inspiration along with 13 quick cleaning tips to save time and energy so you don't have to spend as much time getting it all done!

13 Cleaning Tips To Make Cleaning Easier! Save Time and Energy!

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sidebar

22 Dinners In 20 Minutes!

22 Dinners In 20 Minutes!

Free e-cookbook

(No strings attached.)

We respect your email privacy | Powered by AWeber Email Marketing

Recent Posts

  • Easy Beef or Chicken Fajita Recipe – Quick And Easy $5 Dinner Recipe
  • 2-3 Ingredient Biscuits Recipes! Quick and Super Easy!
  • Chocolate Lava Cake Recipe – Chocolate Hot Fudge Cake!
  • Garlic Chicken Recipes – Easy And Delicious Chicken Dinner Recipes!
  • Easy 5 Ingredient Homemade Fudge Brownies Recipe
  • Email
  • Facebook
  • Instagram
  • Pinterest
  • YouTube
Search This Site

Categories

  • CFS/FM
  • Chit Chat
  • Dessert
  • Featured
  • Organizing Ideas
    • Cleaning
    • Decorating
    • Laundry
    • Organizing
    • Staying Home
  • Reader's Favorites
  • Recipes
    • Beverages
    • Breads
      • Quick Breads
      • Yeast Breads
    • Breakfast
    • Desserts
      • Cakes
      • Candies
      • Cookies
      • Pies
    • Dinner Recipes And Main Dishes
    • Dips
    • Drinks
    • Gluten Free Recipes
    • Homemade Cleaners
    • Kids Recipes
    • Leftovers
    • Miscellaneous Recipes
    • Mixes and Gifts In A Jar
    • Pasta And Rice
    • Quick and Easy Recipes
    • Salads and Dressings
    • Sauces
    • Side Dishes
    • Soups
    • Vegetables
  • Saving Money
    • Holidays
      • 4th of July
      • Christmas Recipes And Ideas
      • Easter
      • Halloween
      • Thanksgiving
      • Valentine's Day
    • Kids
    • Managing Money
      • Budgeting
      • Getting Out Of Debt
      • Kids And Money
      • Saving Money Everyday
    • Miscellaneous
      • Bath and Beauty
      • DIY
      • Gardening
      • Moving
    • Save Money On Groceries
      • Cooking Ideas And Tips
      • Kids And Food
      • Meal Planning
        • Quick and Easy Meals
      • Quick And Easy
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • Shop
  • Free Newsletter
  • Videos
    • Our Favorite Christian Resources – Bible Translations, Christian Speakers And More!
    • Show Notes
    • Amazon Recommended Items
  • Recipes
    • Beverages
    • Breads
      • Quick Breads
      • Yeast Breads
    • Desserts
      • Cakes
      • Candies
      • Cookies
      • Pies
    • Dinner Recipes And Main Dishes
    • Side Dishes
      • Dips
      • Pasta And Rice
      • Salads and Dressings
      • Sauces
      • Soups
      • Vegetables
    • Gluten Free Recipes
    • Cooking Ideas And Tips
    • Miscellaneous Recipes
      • Breakfast
      • Homemade Cleaners
      • Kids Recipes
      • Mixes and Gifts In A Jar
    • Quick and Easy Recipes
  • Saving Money
    • Save Money On Groceries
    • Managing Money
      • Budgeting
      • Getting Out Of Debt
      • Kids And Money
      • Saving Money Everyday
    • Bath and Beauty
    • Organizing Ideas
      • Cleaning
      • Decorating
      • Laundry
      • Organizing
    • Gardening
    • Holidays
      • 4th of July
      • Christmas Recipes And Ideas
      • Easter
      • Halloween
      • Thanksgiving
      • Valentine’s Day
    • Miscellaneous
      • CFS/FM
      • Moving
      • Staying Home
  • Free Bible
  • About Us
  • Contact
  • Email
  • Facebook
  • Instagram
  • Pinterest
  • YouTube

Copyright © 2023 · Kellam Media And Publishing, Inc. dba Living On A Dime · All Rights Reserved · Privacy Policy · Disclosure Policy · Terms Of Service · Refund Policy