Debt reduction calculator
#1
I found this great debt reduction calculator on bankrate.com. You plug in all your debt information (vehicle loans, credit cards, etc) and it gives you a customized payoff calendar or "schedule". You can put it information like "windfalls" (like tax returns, bonuses, etc) and extra money you can free up by cutting costs during the month.
It's a bit involved, but well worth it! (it took me less than 15 minutes)
Anyways! I used it and I really like it. Here is the link:
http://www.bankrate.com/calculators/...alculator.aspx
I hope someone finds it helpful!
~Heather
It's a bit involved, but well worth it! (it took me less than 15 minutes)
Anyways! I used it and I really like it. Here is the link:
http://www.bankrate.com/calculators/...alculator.aspx
I hope someone finds it helpful!
~Heather
#7
Power Poster
Join Date: Feb 2010
Location: Ohio
Posts: 17,068
Originally Posted by BellaBoo
No debt here. Only basic bills like utilities, insurance, gasoline, food, and fabric. Debt is a four letter word!
#8
Senior Member
Join Date: May 2008
Location: Columbus, Ohio
Posts: 521
As much as I'd like to not have debt..life happens :-D So I've been 'out of debt' but right now that's not the case :lol: Thanks for the link, when I don't need it anymore, I know others who do. I also think it helps people to get more motivated to pay up when they see ahead of time that there is a light at the end of the tunnel.
#10
Originally Posted by amandasgramma
We owe mortgage and car. No credit cards. It's good to KNOW where you stand and no surprises.
OH - I do owe the LQS....seems I do anyway...I give her a portion of my paycheck monthly!!! LOL
OH - I do owe the LQS....seems I do anyway...I give her a portion of my paycheck monthly!!! LOL
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08-26-2007 08:34 PM