See how long your loan takes to clear and what the interest costs. Then watch what happens when you point that same monthly payment at savings. Same money, two very different jobs.
For most people the order is simple. Clear high-interest debt before you chase savings, because the interest you stop paying almost always beats the interest you could earn. Once the loan is gone, the payment does not disappear. Redirect it.
How to read the result
Months to clear: how long until the loan hits zero at your current payment.
Interest cost: the extra you pay on top of the balance. Bigger payments shrink it.
Then save up to: keep the same payment going and see how quickly it builds your next goal.
The Income TrackerTrack it free. No account, no bank login.