Skip to main content

fairwinds.org | Financial freedom happens here.

Freedom is closer than you think.

The journey toward financial freedom goes beyond saving more. It's having the power to be in control - and staying in control - with a confident plan to destroy debt.

Eliminate debt… and never look back.

Pay Off Debts
Own Your Car
Own Your Home

MILESTONE

You’ve paid off your unsecured debt, like credit cards, consolidation loans and student loans.

Start with the smallest balance first. You’ll soon get a taste for what financial freedom feels like with every balance you destroy on your list.

Make a plan
to continue on your journey.

Use our calculator to help you get started and see how quickly you can gain momentum to pay off all of your debts once and for all.

Results

While keeping your payment level at $0 (which includes an extra $ towards your monthly debt), you could reduce your total debt payments (principal and interest) from $0 to $0 and be out of debt in years instead of your current projected years.


This represents a savings of $-1 and 0 years of payments. If you start today, your debt-free date will be: December 1969


Ramp up your savings.

Once all debts have been paid off, you could apply the same monthly payment amount $0 a month you were paying to bills to an investment with a 6% rate of return and accumulate approximately $0 in years.

When you're finished eliminating your debt and ready to start building wealth, we'll be here with solutions to help you continue your journey to financial freedom.

Debt Snowball Calculator

Debt 1
Debt 2
Debt 3
Payment Budget
$

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations, and financial situation. The calculations provided should not be construed as financial, legal, or tax advice. In addition, such information should not be relied upon as the only source of information.

MILESTONE

You don’t have a car or lease payment anymore.

Looking to buy?

We recommend a shorter-term loan like 36 or 48 months.

Pair that with a slightly used car, not only will you save on interest you’ll eliminate a car payment completely.

Already have a car payment?

Refinancing to a 36 or 48-month term is critical.

Not only will you pay of the loan faster, you’ll save hundreds – possibly thousands – in interest.

Select to watch a video on why short-term auto loans are better in a modal window. Opens dialog.

MILESTONE

You have paid off your house.

Imagine owning your home free and clear! Here are two weapons available in the eliminate debt arsenal:

15-year mortgage

By selecting a shorter term mortgage, or refinancing to a shorter term, you can save yourself a tremendous amount of money over the life of the loan. The longer the term, the more you will pay in interest charges. If the shorter term payment is too high, consider purchasing a more modest home.

Pair a low rate with a shorter mortgage term like 15 years, and you’ll save thousands of dollars – plus eliminate your debt faster than you think.

For example, let’s say you finance a home for $250,000. By choosing a 15-year mortgage instead of a 30-year mortgage, you could save $162,234!*
Term30-Year15-Year
APR5.625%5.000%
Payment$1,439.14$1,976.98
Interest$268,091$105,857

A 15-year mortgage could save you
$162,234
in interest and 15 years of payments.

APR = Annual Percentage Rate.
*Example above is for illustrative purposes. Your actual savings will vary.

Bi-weekly payments

Making bi-weekly payments, paying half of your monthly payment once every two weeks instead of monthly, is an easy way to pay down your mortgage faster. Doing so will result in an extra payment each year, therefore reducing the overall term of your mortgage and saving you tens of thousands in interest charges.

Owning your home can turn from dream to reality faster than you think.

 Bi-Weekly Loan Payment Calculator

Explore further.

  • Save More
  • Eliminate Debt
  • Build Wealth
  • Live Generously