How do I create a debt payoff plan?

Start by listing all debts with their balances, interest rates, and minimum payments. Choose a strategy: avalanche (highest rate first, saves the most money) or snowball (smallest balance first, best for motivation). Make minimum payments on all debts. Direct every extra dollar toward your target debt. Use a free calculator at undebt.it or Bankrate to model your exact payoff timeline and total interest cost.