💳 How can I pay off my debt and rebuild my finances?

When you lose your job and fall into debt, the math can feel overwhelming. This 20-year-old freelance video editor in Egypt racked up $1,800 in debt between a predatory salary advance app and a used motorcycle. With inconsistent income, deciding which debt to tackle first is critical. This calculator compares the avalanche method (highest interest first) against the snowball method (smallest balance first) using his actual numbers.

The salary advance app is the most dangerous debt. Predatory apps often charge exorbitant interest rates. The avalanche method targets this expensive debt first to stop the bleeding. Enter the app debt details here.

The used motorcycle is the smaller debt. The snowball method targets this first to get a quick psychological win and free up cash flow. Enter the motorcycle debt details here.

With inconsistent freelance income (around $300/month on a good month), finding a steady payoff budget is tough. But you must cover the minimums on both debts to avoid default. Any extra cash goes toward your target debt.

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