Okay, here is the scary calculator. How long will it take you to pay off your credit card? Keep in mind that this calculator assumes that you are paying down all of your new spending and putting at least $1/month towards principal. So when you put in the amount that you will pay towards the card, make sure to subtract out what you would spend towards that month. For example, if you typically pay $300 per month towards your credit card, but spend $200 on that card in that month – put $100 in the payment field.
We should have a little fun with this. Post your amount below. I want to see who is in the most trouble.
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