Financial Tool
Debt Settlement & Savings Planner
Add income, expenses, and debts — compare Short, Medium, and Long plans that clear debt while building savings.
Cloud draft
Off by default. When on (signed in), a copy of this form syncs to your account so you can resume on another device.
Monthly Expenses
Split across debt payoff and savings in each plan.
Loans & Credit Cards
Suggested min: Rs 2,125 — rough figure (~2.5% or issuer floor). Check your statement.
43% outstanding
Remaining after payment: Rs 85,000
53% outstanding
Remaining after payment: Rs 420,000
Suggested minimums are rough planning figures (~2.5% of balance or a typical issuer floor). Check your statement for the exact amount.
Enter minimum payments for each debt (use suggested figures for cards as a starting point — they are rough estimates). Surplus free cash flow is split into Short, Medium, and Long plans. Debts paid lowest-balance-first. Interest not included.
Fill in your details and click
Calculate Plan.
About this tool
What is the Debt Settlement & Savings Planner?
The Debt Settlement & Savings Planner is a free, browser-based tool that builds three ways to become debt-free while still putting money into savings. Enter your monthly income, living expenses, debt balances, and required minimum payments for each credit card or loan. The tool calculates free cash flow, pays all minimums every month, then applies snowball extra to the lowest balance. Short, Medium, and Long plans split remaining surplus between faster payoff and savings.
Debts are cleared with the snowball method (lowest balance first). Pick the plan that fits your comfort level, review the month-by-month runway, and download a PDF that includes all three options plus the selected schedule.
How to use it
Building your debt payoff plan
- 1
Enter your monthly income
Input your take-home (after-tax) income. If income varies, use a conservative average.
- 2
Add your monthly expenses
List living costs — rent, utilities, groceries, subscriptions. Use + to add as many categories as you need.
- 3
Add your debts
For each credit card or loan, enter a name, total amount / limit, outstanding balance, and minimum monthly payment. Credit cards auto-suggest ~5% of the balance when the name includes “card”.
- 4
Calculate and compare plans
Click Calculate Plan to see Short (aggressive), Medium (balanced), and Long (more savings) side by side — each with debt-free date and savings by that date.
- 5
Select a plan and review the runway
Choose the plan that fits you. Review payoff order and the month-by-month table showing debt payments and cumulative savings.
- 6
Download your PDF
Export the selected plan plus a comparison of all three options for offline use or sharing.
FAQ
Frequently asked questions
How are credit card minimum payments handled?
Enter the minimum shown on your statement, or use the suggested figure for cards (~2.5% of balance or a typical issuer floor — a rough planning estimate only). Every month the plan pays all minimums first, then snowball extra toward the lowest balance.
What do Short, Medium, and Long mean?
Short puts most surplus toward debt so you clear balances faster with a small savings buffer. Medium balances both. Long puts half toward savings so you build a larger cushion while debt takes longer to clear.
What debt payoff method does this tool use?
Within each plan’s debt budget, the tool uses the snowball method — lowest outstanding balance first — then rolls that capacity into the next debt. That builds early wins and keeps the plan easy to follow.
Is my financial data stored anywhere?
By default, all planning stays in your browser. If you sign in and enable Cloud draft, a copy of the form is stored under your account so you can resume later — you can turn that off anytime. See the Privacy Policy for details.
What if I have more expenses than income?
The tool shows a warning and will not build plans until free cash flow is positive. Review expenses or income before continuing.
Can I model different scenarios?
Yes. Change income, expenses, or balances and recalculate. Switch between Short, Medium, and Long without re-entering debts to compare timelines and savings side by side.