The Debt Repayment Planner is a personal finance web application designed to help users organize, track, and strategically pay off debts such as credit cards, personal loans, education loans, or mortgages. It focuses on financial clarity and repayment optimization by providing tools to create repayment schedules, calculate interest savings, and track progress toward becoming debt-free.

Key Features

1. Debt Portfolio Management – Add multiple debts with details like lender name, principal amount, interest rate, and due dates.

2. Repayment Strategy Options – Choose between methods like:

   • Snowball Method (pay smallest debt first)

   • Avalanche Method (pay highest interest debt first)

3. Interest Calculator – Estimate total interest payable based on different repayment strategies.

4. Monthly Payment Tracker – Log payments and automatically update remaining balance.

5. Goal Setting – Set a debt-free target date and track progress toward it.

6. Visual Progress Dashboard – Charts showing balance reduction over time.

7. Payment Reminders – Email/SMS alerts for upcoming due dates.

8. Extra Payment Impact – Calculate how extra payments reduce loan term and interest.

9. Exportable Reports – Generate repayment history in PDF/CSV format.

10. Secure Login – Protect sensitive financial information with role-based authentication.

Technology Stack

• Frontend: HTML, CSS, Bootstrap, JavaScript (with Chart.js for visual progress tracking).

• Backend: PHP / Java / Node.js (to handle repayment calculations, reminders, and user management).

• Database: MySQL / MongoDB (to store debt details, payment logs, and strategies).

• Notifications: Email via SMTP or SMS API (e.g., Twilio).

Workflow

1. User Registration/Login → Secure access to personal repayment plans.

2. Add Debts → Enter loan details, interest rate, and payment schedule.

3. Choose Strategy → Select Snowball or Avalanche repayment method.

4. Track Payments → Update monthly payments and view balance changes.

5. Analyze Progress → Check charts showing payoff timelines and savings.