Debt Free Wiz

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The Debt Free wizard will help you put a simple plan in place to pay down your debt.  It will not use fancy amortization tables or anything, but with simple average balances and interest rates, you will end up with a good, general plan.

1.  First, type in a title for this goal: 

2.  The first thing you need to put in the wiz is WHY you want to be debt free...
     

3.  For getting debt free, you'll need to decide a couple things.
  a)  First, how much do you need to payoff total to be debt free -- what is your total debt? $
  b)  Now, when do you want to become debt free? 
  c)  What is the average interest rate you are paying on your debt? %
  d)  What day of the month do you pay your bills? 
  e)  How much do you pay currently each month on this debt? $

That will tell you how much you need to cover each month -- above and beyond any minimum payments.

4.  Then we'll need to decide where that extra will come from.
   Check whether you are willing and able to: Earn more moneyCut expenses?

Reminders will be set up to tell you to work more hours, get a better job, don't spend money, and then to send in your payments!

CAUTION: Check your entries above.  They may NOT contain quotation marks (") or apostrophes (').  If they do, please remove them.  You may receive errors otherwise.

Click Next when ready...