Erin Corwin (CC&A Operations Manager) writes:
I was surfing the web the other day and came across this wonderful debt reduction calculator on CNN Money.
Considering the world we live in today there are a lot of us out there that are in debt and unfortunately getting out of debt isn’t as easy as getting into it so hopefully this calculator will help you get the ball rolling.
You will be able to calculate how long it will take to pay off your debt, how much interest you will pay by making minimum monthly payments, or (this is my favorite!) you can set a goal for a date you want your debt’s paid off by and it will calculate what to pay first and how much to pay each month in order to achieve your goal!
Check it out!