PowerCash Calculator
Find the Cash to Accelerate Your Debt Payoff
Making minimum payments will keep you in debt for 15 to 25 years. Use this tool to uncover hidden cash in your current budget to aggressively pay down your balances.
How to Use This Calculator
Enter your variable expenses
Input what you spend on groceries, dining out, and entertainment.
Calculate your margin
The tool shaves exactly 10% off these flexible categories.
Redirect the funds
Apply this exact dollar amount to your debt repayment plan every single month.
When DIY Budgeting Isn't Enough
Sometimes the math simply does not work.
If your interest rates are too high, or your minimum payments consume your entire paycheck, no amount of budget trimming will fix the problem.
Explore a Debt Management PlanSpeak with a certified credit counselor to see if your creditors will agree to lower your interest rates through a structured repayment program.
The Math Behind PowerCash
- Avoid Extreme Deprivation: Trimming 10% from discretionary spending is a micro-adjustment. Human nature easily adapts to a 10% reduction, making the budget sustainable.
- Save Thousands in Interest: Adding just $50 to $130 a month to a standard $10,000 credit card balance can cut your total interest paid by over $7,500.
- Shave Years Off Your Timeline: Redirecting this small margin can turn a 25-year minimum payment trap into a 3-year payoff plan.
Once your consumer debt is paid off, do not absorb the PowerCash back into your lifestyle. Redirect that exact same monthly payment into your savings or investment accounts.
