Free debt repayment strategy tool: Calculate your debt-free date

Most people with debt are making payments every month. They just don't know if they're paying the right things in the right order. The Wealthbit Debt Freedom Tool shows you what your debt is actually costing you, which repayment strategy makes sense for your situation, and what your debt-free date looks like.

Say you have a credit card, a personal loan and a store account. You're paying something toward each one. But do you know the total interest you'll pay across all three if nothing changes? Or what happens if you shift R200 extra to one of them?

This tool answers both questions, and tells you what to do next.

What you'll work out:

• The real cost of your debt (daily, yearly, and over its full lifetime)
• Whether your current payments are making a dent or just keeping you in place
• How the snowball and avalanche strategies compare for your specific debts
• What one small extra payment does to your timeline
• Your debt-free date, and what you can do with that money once you get there

👉 Sign up for Wealthbit's Money Systems newsletter and make financial freedom simple.

Tools that might be helpful:

Debt repayments email course: take control of your debt in 4 days

Debt Repayment Strategies workbook - a practical tool to build a system that works for you

Other resources to explore:

Debt review in South Africa: what it means and how it works

How do I check my credit score for free in South Africa?

What does “blacklisted” really mean in South Africa?

Is it okay to handle debt on your own without telling your partner?

How to get a good credit score in South Africa and why it matters

Should I use my savings to pay off my credit card debt, or continue saving?

Is it bad to only pay the minimum on my credit card?

Snowball vs avalanche: Choosing a debt repayment strategy that fits your personality

Why we fall into debt: the most common causes and how to spot the early signs