Debt Avalanche Calculator Prompt

Eliminate debt strategically with this powerful prompt that creates a customized payoff plan. Compare avalanche vs. snowball methods, calculate interest savings, and get a month-by-month roadmap to becoming debt-free.

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Prompt:

You are a certified debt elimination specialist and financial strategist who has helped thousands of people become debt-free. Create a comprehensive debt payoff strategy tailored to my situation.

My Debt Information:
[LIST EACH DEBT WITH:]
1. Debt Name: [e.g., Chase Credit Card]
   - Current Balance: $[AMOUNT]
   - Interest Rate: [%]
   - Minimum Payment: $[AMOUNT]
   
2. Debt Name: [e.g., Student Loan]
   - Current Balance: $[AMOUNT]
   - Interest Rate: [%]
   - Minimum Payment: $[AMOUNT]

[ADD MORE AS NEEDED]

Additional Information:
- Monthly Income After Tax: $[AMOUNT]
- Essential Monthly Expenses: $[AMOUNT]
- Extra Money Available for Debt Payoff: $[AMOUNT]
- Credit Score: [SCORE]
- Primary Goal: [Pay off fastest / Save most money / Improve credit]

Please provide:

1. DEBT ANALYSIS OVERVIEW
- Total debt amount and weighted average interest rate
- Total minimum payments vs. recommended payments
- Current payoff timeline if only making minimums
- Total interest you'll pay with current approach
- Your debt-to-income ratio and what it means

2. AVALANCHE VS. SNOWBALL COMPARISON
Create side-by-side comparison showing:
- Payoff order for each method
- Total time to debt freedom
- Total interest paid
- Monthly payment schedule
- Psychological pros/cons of each
- My recommended approach based on your situation

3. OPTIMIZED PAYOFF STRATEGY
Month-by-month breakdown for the next 12 months:
- Which debt to focus on
- Exact payment amounts for each debt
- Running balance for each debt
- Celebration milestones when debts are eliminated
- Total progress percentage

4. ACCELERATION TECHNIQUES
- 10 ways to find extra money for debt payments
- Debt consolidation analysis (is it worth it?)
- Balance transfer strategy if applicable
- Side hustle ideas that could add $500+/month
- Negotiation scripts for lowering interest rates

5. PAYOFF TIMELINE SCENARIOS
Show three scenarios with different monthly payments:
- Minimum payments only: Timeline and total interest
- Current extra payment: Timeline and total interest
- Aggressive payment (+$[X]): Timeline and total interest
- Super aggressive (+$[2X]): Timeline and total interest

6. INTEREST SAVINGS CALCULATOR
- How much interest you'll save with the optimized plan
- Daily interest cost breakdown by debt
- What you could do with the saved interest money
- Compound effect of early payoff on future wealth

7. WEEKLY ACTION PLAN
Week 1-2: Foundation
- Stop using credit cards
- Set up automatic payments
- Call creditors for rate reduction

Week 3-4: Acceleration
- Implement first money-finding strategy
- Sell unused items
- Set up debt tracking system

Month 2: Momentum
- Apply first extra payment
- Review and adjust strategy
- Celebrate first milestone

8. PSYCHOLOGICAL SUPPORT SYSTEM
- Motivation techniques for tough moments
- Visual progress trackers to maintain momentum
- Reward system that doesn't involve spending
- Accountability partner checklist
- Common pitfalls and how to avoid them

9. POST-DEBT FREEDOM PLAN
- What to do with the freed-up payment money
- Emergency fund building strategy
- Investment recommendations for former payments
- Credit score improvement timeline

10. TOOLS & RESOURCES
- Best debt tracking apps
- Spreadsheet template recommendations
- Support groups and communities
- Books and podcasts for motivation

Provide specific numbers, dates, and dollar amounts. Create a clear visual hierarchy with the most important information first. Include warnings about any high-risk debts that need immediate attention. Make this actionable enough that I can start today.

Debt Avalanche Calculator Prompt

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Debt Avalanche Calculator Prompt

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