|
|
Debt Management Tool
-
Version
1.0
Debt Management Tool is a software program designed
to help people in debt manage and understand their
financial situation. By entering in your income,
debt, and expenses, you can compute your debt
situation and figure how long it will take to pay off
your debt. By checking off expenses as either "needs"
or "wants" you can determine how much quicker you can
pay off your debt by making some sacrifices in your
monthly expenses. All the data is organized by month.
You enter in monthly expenses, monthly income, and
current loans or credit card debt along with the
interest rate. The program will sum the totals and
tell you how long it will take you to pay off all
your debt and become completely debt free. You can
include or not include expenses into the "needs"
total by checking and unchecking the "needs" box. All
of the names or labels for expenses and loans/debt
can be customized to fit your needs. For example, you
can change "rent" to "mortgage" or if you don't have
school costs, you can change "school" to "movies" if
you spend a lot of money on movies. There are 30
customizable expense items and 10 customizable
debt/loan items.
|