Loan Tracker

Destroy debt before it destroys your wealth.

Mortgages, student loans, and car payments are designed to keep you in debt for as long as possible. The bank wants you to pay the minimum amount because that maximizes the interest you pay. The Loan Tracker tool empowers you to fight back by showing you the impact of "Extra Principal Payments."

The Power of Extra Payments

Most people don't realize that in the early years of a 30-year mortgage, nearly 70% of your payment goes to Interest, not Principal. By adding just $100 extra per month towards the principal, you can cut years off your loan term and save tens of thousands of dollars.

Debt Payoff Strategies

There are two mathematical ways to approach debt:

• Avalanche Method: Focus on highest interest rate first (Mathematically optimal).
• Snowball Method: Focus on smallest balance first (Psychologically effective).