Debt Management Tool 2.0

Debt Management Tool is a software program designed to help people in debt manage and understand their financial situation. By entering in income, debt, and expenses, one can figure how long it will take to pay off debt.

Debt Management Tool software is a program that helps to manage your personal finances and reduce your debt. The software tracks up to 30 monthly expense categories. These can be customized to your budget. For example, where we currently have“games” as an expense, if you don’t spend money on games but do spend a lot on books, you can replace “games” with “books”. Each of the expenses can be categorized as a need or a want. The program will then calculate your monthly budget both of wants and needs so you can see how muchmoney you need to make to meet your bare needs as well as all your other expenses. The program also tracks your debt. You can figure out how much you are paying in interest. Seeing this number can help you determine which debt to pay off first and just how much of your monthly budget is going to interest on debt. The debt descriptions can be changed by you as well to customize the program to your finance needs. Next you can enter in your monthly income and start to see what eliminating certain expenses can do to help you lower your debt. Debt Management Tool is free to download and use. We hope it really helps in getting your debts paid off and your expenses under control.