Debt Payoff Strategy
Create an optimal debt repayment plan using different strategies.
Prompt (feel free to adjust it):
Help me create a debt payoff plan. I have the following debts: [LIST DEBTS WITH BALANCES, INTEREST RATES, AND MINIMUM PAYMENTS]. I can allocate [AMOUNT] extra per month toward debt repayment. Compare the snowball method vs avalanche method, calculate total interest paid and payoff timelines for each approach, and recommend the best strategy for my situation.
Use Cases
- Debt elimination planning
- Interest optimization
- Payment strategy comparison
- Financial goal setting