I found this very cool tool on bank rate. It will allow you to figure out how fast you can pay off all your debts using the Dave Ramsey style debt snowball payoff method. The tool is online and works very well. Many sites charge a monthly fee for this type of tool. The lynch pin to any debt repayment plan starts with a Budget, so before you start with this tool I would have at least down a very minimal amount of thinking around your family budget.
Debt Pay-Down Adviser
What’s the fastest and cheapest way to pay-down your debts?
If you’re looking to finally get rid of your debt, you’ve come to the right place. This debt planner will provide you with expert advice and a plan for paying off your debt. It will show you:
* how to pay off loans quickly and at lower cost
* which loans to pay off first
* how much to pay each month based on your budget
technorati tags:Debt Pay Down Adviser, debt, debt reduction
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