For paying off debt
See what each payoff plan really costs you
Snowball, avalanche, or an order of your own — Tavera Money projects all three on every visit and measures each against the baseline of paying minimums only. You get the interest saved and the months saved, not a motivational slogan.
The whole debt tracker is on the free plan
Three strategies
All costed, none pushed
Tavera Money does not have an opinion about which one you should use. It has the numbers for all three, for your debts.
Snowball
Smallest balance first
Clears individual debts fastest, which is why it works for people who need to feel progress. Usually costs a little more interest.
Avalanche
Highest interest rate first
Mathematically cheapest. Can feel slow at the start if your biggest balance also carries your worst rate.
Your own order
However you want it
Sometimes the debt you most want gone isn't the smallest or the dearest. Drag them into your order and Tavera Money costs that too.
Measured against doing nothing
A baseline that makes the number mean something
"You will save $4,200 in interest" is meaningless without knowing what you are comparing to. Tavera Money always projects a minimums-only baseline alongside your chosen strategy, so the saving is a real difference between two futures rather than a figure pulled from the air.
- Interest saved and months saved, for each strategy, against minimums only
- Freed-up minimums cascade to the next debt automatically as each one clears
- Combined and per-debt projection charts you can actually read
A ledger, not a guess
Progress you can point at
Every payment is a record — logged in one tap, or by tagging a transaction that already happened. The running balance is built from those payments, so when the app says you have paid off $8,400, you can open the history and see exactly which payments made it up.
- Quick-pay, or tag a real transaction as a payment
- Running balance history per debt, with corrections rather than silent edits
- Link a debt to a recurring bill so marking it paid offers to log the payment
Payment ledger
A debt detail view showing the payment ledger with a running balance and payoff date.
Where the maths gives up, so do we
If your minimum payments never outrun the interest, no payoff date exists. Tavera Money says "never paid off" rather than producing a number that would make the chart look tidier. Likewise, when you have no extra payment to allocate, snowball and avalanche produce identical plans — and it tells you so instead of implying you have made a meaningful choice.
Questions
Before you start
Is the debt tracker available on the free plan?
Yes. The full debt payoff engine — all three strategies, projections, the payment ledger and the charts — is on the free Basic plan. Bank syncing is the only thing the paid plans add.
Snowball or avalanche — which should I pick?
Tavera Money projects both and shows you the difference in interest and in months, so you can decide with the actual numbers for your debts rather than a rule of thumb. If the gap is small, take the one you will stick with. And when there is no extra payment to allocate, the two are identical — Tavera Money tells you that outright instead of implying a difference.
How accurate are the projections?
They apply your stated APR monthly, pay minimums first, then put any extra toward the target debt, and cascade freed-up minimums as each debt clears. That is a simplification of how interest is really charged, so treat the numbers as a well-founded estimate rather than a guarantee. Where the maths does not work — minimums that never outrun the interest — it reports "never paid off" instead of inventing a date.
Do I have to link a bank for this to work?
No. You enter each debt with its balance, APR, minimum payment and due day, and log payments as you make them — either in one tap or by tagging a real transaction. Linking a bank just saves you the typing.
What happens when I pay one off?
Tavera Money celebrates it, names the next debt in your strategy, and offers to roll the freed-up payment onto it in one click. That cascade is what makes any of these strategies work.
Find out what your debts actually cost.
Add them with their balances and rates, and see all three payoff plans projected in a couple of minutes. Free, with no card.
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