Sunday, March 29, 2009

Debt Analyzer software

Debt Analyzer is an interesting piece of software (visit site here or download page here. I believe the cost is $29, however, you can download the software and try it free for 30 days.

If you enter your debt obligations into it, how much the minimum payment is and what you actually pay (in case you pay more than the minimum), then it will show you how long it will take to pay each account off and when you will be out of debt.

The software operates on an assumption that when you pay off one account, you will take that payment and add it to the next debt obligation/credit card/loan payment.

You can also tinker with the priority of those accounts. It is interesting to see how much money you can save if you can find an extra $25, $50, $100 or more each month. That money can be available to you if you give up eating out once a month and make other sacrifices now to have a better financial future for your family.

1 comment:

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