Many of us know that the web is full of information but we are largely unaware of the free tools that are available to us. If you’re looking for a way to manage debt, the first thing to do is to gain an accurate picture of how much debt you have. This is where a debt repayment calculator can help.
If you have an IPhone, you know that apps exist for just about everything you can think of and if you do a search for apps that help you manage debt, you will find many. More than just a debt repayment calculator, these apps will help to keep all of your debt in one place, show you which to pay off first, and let you know how close you are to reaching your goals.
One of my favorites is simply called “Pay off Debt.” This app employs a debt repayment calculator which tells you how long it estimates that it will take you to pay off each debt.
A debt repayment calculator can be helpful but the goal should be to beat the estimate. With a little bit of planning, you can have your debt paid off much faster than you thought possible.
A friend of mine, Ryan Bauer, has written a great series of ebooks about debt and gives you ways to make your own debt repayment calculator. This system is called the Debt Annihilation Formula. He talks about how to get rid of your debt in a practical way. You may have heard that you should pay off high interest credit cards first but Ryan takes it a step further and tells you why only paying the highest interest debt doesn’t help you in getting out of credit card debt.
In Ryan’s ebook, he gives you more than 60 pages of real ways to make extra money. These aren’t those work at home scams. They are real, legitimate ways to make extra money to work off your debt. Can you write articles about topics you enjoy? He shows you how to make extra money working when you have time writing articles on topics of your choice.
One of the best parts of his ebook series is the advice he gives about improving your credit. These aren’t those scam or illegal pieces of advice. They are legal, practical ways to negotiate with your creditors. While the debt repayment calculator may say it will take 6 years, with this system, it will take much less.
There are more free gifts included in Ryan’s ebook that you are going to find invaluable. Click any of the underlined links above or the Debt Annihilation banners to take a look at this series. I only recommend products that I have reviewed thoroughly. I’m confident that his product can help you tackle your debt.