Debt payoff

Debt is just net worth in reverse, and it responds to a plan. Thrift tracks what you owe and turns it into a date you can actually aim at.

Tracking debts

Record each debt — a card, a loan — with its balance, interest rate, and minimum payment. Together they let Thrift model how the balance behaves over time rather than treating it as a flat number.

Snowball or avalanche

Choose a strategy for paying down more than one debt:

• Snowball — clear the smallest balance first, for momentum.
• Avalanche — attack the highest interest rate first, for the lowest total cost.

Thrift shows what each approach means for you so the choice is informed, not folklore.

The payoff date

From the balances, rates, and payments, Thrift projects when you’ll be debt-free and the total interest you’ll pay getting there.

Extra payments

Try an extra amount against a debt and watch the payoff date move and the interest shrink — the clearest argument for paying a little more when you can.