New tool to track your debt
As your debt freedom coach everyday I am reading blogs, I listening to Dave Ramsey helping others on his radio show. I am trying to find the best information to save money and use it wisely. Every time I leave my 22 month old daughter to work a long day I pray that I can use the money I earn in the best way possible and not waste any of it. I want to provide the best for her and my other children.
I want to teach them as well as everyone who reads my blog about money so they can start early and not make very many money mistakes. As with anything mistakes are made they are sometime a big part of learning. My personality is, if I read about money mistakes I learn form them as well. We should always learn from every mistake, openly tell others about them and how you learned from them this way your mistake could benefit so many others in my personality type. I hope they is more people like me out there.
Well I just have to tell you about a new debt tracking tool I found on line your just plug in your debts ( your balances interest rates and min payments)and it makes your personal debt freedom plan. It is soo cool!
After entering in all my information I could plan to have my all my debt including my house paid off in 5 to 6 years. That would be awesome!!
You have got to try it…
Her is the link
http://www.whatsthecost.com/snowball.aspx?country=us
It the top just remember to put in the all the minimums you are paying plus the extra you are putting into getting out of debt.
Example car payment 190.00 house payment 550.00 credit card 50.00 plus the 200.00 extra you are snowballing in to the smallest debt.
So the top number would be 990.00 in this case
I also made the error of putting my house payment including the escrow so I had to refigure it again with the correct figures.
After you put in all your info print it out and track every payment you make that what I am going to do.
If you have any questions or comment just let me know.
Thanks for reading.
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