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budget & everyday living & resources & savings admin on 24 Mar 2007 01:34 pm

When Will You Be Debt Free?

Do you often feel like you’ll never see the light at the end of the tunnel when it comes to paying off your debts? Use these calculators to determine how long it will take you to pay off your credit card balances. Even more frightening…..See how much you’ll pay in interest by only making the minimum monthly payments.

http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp
http://www.genus.org/scripts/calculators.pl?function=credit_card

By just adding a few dollars to the required minimum each month, you can greatly decrease your time in debt & even start to save… and you’ll be singing just like the tv ad jingle “Oh What A Feeling!”

Tip: To see results quicker, especially if you have more than one credit card I’d concentrate any extra payments on the one with the smallest balance debt. You can achieve results with focus & determination..Believe you can do it… because you can!!

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