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Saturday, October 3, 2009

Software You Can Use to Get Out of Debt Software You Can Use to Become Debt Free The Best Software for Getting Out of Debt The Best Software Programs for Getting Out of Debt

By Sean Payne

If you're still in debt, you may have noticed that many people who have successfully gotten out of debt tend to use some kind of debt free software. There's a reason for why they do this: It works great!

Success leaves clues. There's no doubt about this. What this means for you is that people who have successfully gotten out of debt have done specific things and used specific techniques to find their escape from debt. If you do the same things they did to get out of debt, you can expect to be able to get out of debt as well.

Most people who have successfully gotten out of debt did so by making a plan to pay off their debts, and then working their plan. If you have made a plan for paying off your debts, the right debt-free software will help you stick with your plan.

My favorite software for getting out of debt is budgeting software. I personally use an Excel spreadsheet called You Need A Budget, and it has done wonders for helping me to get out of debt. I attribute all of my success in paying off my debts to the fact that I use budgeting software.

There are many other great budgeting software programs. One popular program, known as Mvelopes Personal, is a web-based budgeting system that allows you to access your budget from anywhere that has Internet access. It also access your bank accounts to automatically enter your purchases into your budget.

One free budgeting program is Mint. Its also a web-based budgeting system, but it doesn't cost anything to use. One unique feature of Mint is that it compares the rates you're paying on your debt to offers from credit card companies. If it finds a better rate for you, it will let you know, and it could end up saving you hundreds of dollars while you're working to pay off your debt. Similarly, if it finds a bank account that pays a higher interest rate than yours, it will let you know, giving you the potential of earning much more money on your savings.

Besides budgeting programs, there are other debt reduction programs, both free and paid, that will help you stick to your plan for getting out of debt.

Microsoft Money is another program that can help you manage a budget and the rest of your finances. Another program, Intuit Quicken, is similar to Microsoft Money, so the choice of which to use is up to you, since they both do most of the same things. My biggest complaint about Money and Quicken is that they actually do too much. They have so many functions and features that you will likely be distracted from your quest to get out of debt.

My advice to you is to stay with a simple budgeting software program. The right budgeting program will let you track your debts, expenses, and income. Don't make the error of using a complicated financial program that has too many bells and whistles. Even a simple spreadsheet can help you manage your money, budget I recommend that you use an established budgeting system that has a history of getting people out of debt.

Whatever software you choose to help you with your debts, start using it today and don't switch software unless it really doesn't do what you want it to. Use it consistently, every day or every week as your situation requires, and your software will quickly get you out of debt. - 23221

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