Knowing how much you owe can be painful, but it is also powerful, and is a key for determining a starting point.

The Debt Reduction Calculator by Vertex42.com helps you estimate how quickly you can pay off your debts using a variety of strategies, such as the debt snowball (lowest balance first) approach which we advocate or debt avalanche (highest interest rate first) approaches.

Gather your statements together and start running some numbers. Freedom from debt may be closer than you think! Stay fresh!