Money tool

Debt Payoff Calculator

Paying every month but the balance barely moves? Here are the plain numbers: when it ends, and how much went to interest.

Clear the expensive debt first

With several debts, put every spare euro against the one with the highest interest rate — usually a credit card or an overdraft — and pay the minimum on the rest. That costs the least in total interest.

The other approach also works: clear the smallest balance first for the momentum. It costs slightly more, but for many people finishing something is what keeps them going.

Keep a small buffer while you do it

Throwing every euro at the debt feels right until the car breaks and it all goes back on the card. A modest emergency fund alongside the repayments is what stops that loop.

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