Debt Reduction Calculator

A Debt Reduction Calculator is a tool that helps you plan how to pay off your debts more efficiently. By inputting details like your total debt amount, interest rates, monthly payments, and payment strategies, it shows you how long it will take to become debt-free and how much interest you'll pay over time. It allows you to compare scenarios, such as paying more each month or focusing on high-interest debt first. This helps you make informed decisions, stay motivated, and develop a clear repayment plan tailored to your financial situation.