DebtCalculatorforFreelancers

Two clients ghosted in March. The April invoice cleared on a Friday and was gone by Monday. The 1099 income looks generous on paper and shrinks by a third when self-employment tax lands in April. Twenty-five thousand at 18% is the cost of every month a project ran late, every quarterly tax estimate that ate the cash you meant for the card.

Avalanche is the right method for freelance debt. Variable income means you cannot rely on consistent extra payments — but the months you do have surplus, you need every dollar of it landing on the highest-rate balance. Snowball wastes good months attacking small low-rate balances that compound slowly. Avalanche puts your client-paid-on-time months to work where they kill the most interest.

On $25,000 at a blended 18%, paying $530/month finishes in roughly 67 months and costs about $10,500 in interest. Adding $200/month extra during your average month cuts that to 47 months and $6,800 in interest — and one excellent retainer quarter where you can put $1,000 extra cuts another full year off the back end.

Pre-loaded with a typical freelancer mix: $20,000 personal loan at 14% plus a $5,000 credit card at 22%. Your numbers stay local — no bank login, no IRS-style data collection. The math runs in your browser using standard amortization — see the methodology. Adjust for your actual debt and the date updates immediately.

Want the full experience with animations, what-if sliders, and your shareable debt-free date card?