Debt Payoff Strategy

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Create a personalized debt elimination strategy for:

Debts:
1. [Debt name]: Balance \$[X], Rate [X%], Min payment \$[X]
2. [Debt name]: Balance \$[X], Rate [X%], Min payment \$[X]
3. [Add all debts]

Extra monthly payment available: [$X]
Monthly take-home: [$X]

Provide:
1. Debt avalanche plan (highest interest first) — month-by-month schedule
2. Debt snowball plan (lowest balance first) — month-by-month schedule
3. Comparison: total interest paid and months to debt-free for each
4. Recommended approach for my situation
5. Debt-free date for recommended strategy
6. Refinancing/consolidation analysis
7. Balance transfer opportunities
8. Cash flow freed up as debts eliminated
9. What to do with extra cash after each debt paid off
10. Psychological wins to celebrate
11. Emergency fund balance during payoff

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List all your debts with balances, interest rates, and minimum payments.

Avalanche Plan: Debt-free in 38 months, total interest \$4,200. Snowball Plan: Debt-free in 41 months, total interest \$5,100. Recommendation: Avalanche saves \$900...