Now you that know how much you will be spending to pay off your debt, you can complete your plan. Put all of your debt-spending money towards your highest priority debt. In most cases, this will either be your smallest debt or the debt with the highest interest rate. Pay the extra amount plus the minimum payment every month toward that debt until the debt has been completely repaid. Continue making the minimum payments on your other debts.
Once you've paid off the first debt, move to the next debt on your list. Use the monthly payment from the debt you just repaid plus the minimum payment you were already paying on debt #2 and put the combined payment toward debt #2 each month. Repeat this process until your debts have been completely repaid.
You can use a debt repayment calculator to figure out how long it's going to take you to pay off each of your debts. Plug in your monthly payment plus the interest rate to get the number of months it will take to repay a particular debt. Some repayment calculators let you calculate the repayment for a single debt while others let you put in several debts at a time.
