To get started, go through your physical mail and email inbox to find every bill. When you’re sure you’ve accounted for all of the accounts you hold, the next step is to find the current balance of each. This should be easy if you have a bill from the creditor in front of you. At this point, it’s time to find the interest rate on each account. Sometimes this is a little harder than simply looking at your statement, but don’t worry. Your interest rate should be displayed on your bill or statement, in your online account, or you can call customer service and ask!

You can also include auto loans, real-estate loans, personal loans, and more if you choose. The more information you put into the calculator, the more of an accurate picture of your finances you’ll have. Once everything is inputted, you’ll get a timeline or schedule until payoff of everything. Depending on your balances, interest, and pay structure, this could be just a few years or it could be several decades from now. If you don’t like the timeline, you can always increase your monthly payment towards each account. Even upping your monthly contribution slightly can shave years off of your repayment plan.