Debt Management Tool 1.0
Debt Management Tool - 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.
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