Prepare
Keep contributing to emergency savings and stop adding carried balances.
A free, private planning tool
Combine the payments you already make into one steady monthly amount, then roll each finished payment toward the next debt.
Build my debt elimination planNo account required. Your figures stay in this browser.
Keep contributing to emergency savings and stop adding carried balances.
Compare smallest balance, highest APR, lowest minimum, or your own order.
Keep the current page on a wall clipboard. Check off each month, then destroy finished pages as you move closer to your goal.
The central idea
The system sets your monthly total by adding all current minimum payments and one extra copy of the first debt's minimum. Pay that same total each month—no more and no less—while paid-off amounts roll to the next debt. Once every balance reaches zero, keep the habit and pay that monthly amount to yourself.
Start with my balancesInspired by Luke V. Erickson's “Getting Out of Debt—for Good,” Ensign, July 2011. Organize the Disorganized is independent and is not affiliated with or endorsed by The Church of Jesus Christ of Latter-day Saints.
Read the original “Getting Out of Debt—for Good” article
Dates and interest are planning estimates; lender calculations may differ.