Top Free Online Financial Planning Calculators

This debt calculator essentially assists you in answering the question, "When will I be debt-free?" You simply enter the balance of the debt, the applicable interest rate, and the monthly payment to get the month and year by which you will be debt-free should you not incur any new debt.

This calculator is especially great for student loans and credit card debt. For instance, if you are currently carrying credit card debt, you would enter the balance on each of your credit cards, the interest rate(s), and the minimum payment(s). The calculator can tell you how long it would take to pay off each balance if you make just the minimum payment each month, how much interest you'll end up paying, and when you'll be debt-free. 

The calculator is easy to use and rather self-explanatory. Though it won't solve any debt problems, it can provide you will the information you need to best manage your debt.