Repeat-advance cost calculator
See 3-, 6- and 12-month advance costs, count membership once a month and check what repayments leave from your income.
How repeating costs are calculated
For each advance, add the fee, tip and simple interest for the entered days. Round interest to cents per advance, then multiply by the number of advances. Add the monthly membership once per month, regardless of how many advances you enter.
The 3-, 6- and 12-month figures assume the same pattern throughout, including a subscription that stays active for every month. The amount borrowed is separate from the cost. Repaying the same $100 repeatedly is not the same as owing all those draws at once.
A reproducible example
Two $100 advances each month at $5 each, with no interest or tip and a $12 monthly membership, cost $66 over three months, $132 over six and $264 over a year. Of the annual cost, $120 is advance fees and $144 is membership. Principal repayments add another $2,400 over the year.
Monthly cash after repayments subtracts principal, fees, interest, tips and membership from take-home income. The next figure also subtracts other essentials. It excludes new borrowing and does not predict your bank balance or the dates of cash shortfalls. Use the daily budget planner for timing.
Read what repeated advances can cost over a year. Compounding, changing balances, failed payments and unentered charges are outside this simple scenario.