After that, everything you were paying toward debt goes to savings.
Email me this plan
Your cushion date, your debt-free date and your savings after, in your inbox.
How it works
- Your spare money fills the cushion first.
- Then it goes to debts, in the order you pick, and each paid-off minimum joins it.
- Once the debts are gone, everything goes to savings, earning your APY.
Why a cushion first
Without one, the first surprise lands on a card and undoes your progress. A small one keeps the plan on track.
a small cushion keeps the plan going.
Turn the answer into a plan
In pinchd, every payment lands in the paycheck that pays it, and you tick it off as you go. No bank login, ever.
Questions
How big should the cushion be?
Big enough for one surprise, often one month of bills or $1,000. Grow it after the debts are gone.
What about the 401K match?
If your employer matches, contributing enough to get the full match usually beats paying extra on debt.
How accurate is this?
It’s an estimate from the numbers you enter. Real statements and rates vary a little.
Is this calculator free?
Yes. No sign-up. It’s in the pinchd app too, where the answer fits into your actual paychecks.