A lot of people make New Year’s Resolutions about paying down their debt, but often by February have fallen off the wagon. Just like weight loss goals, planning to pay down your debt doesn’t really pan out unless you have a plan. Or at least that has been my experience. I do really well when I have a plan in place and have made achievable goals.
I’m already planning how to pay off the student loan debt I’ve incurred pursuing higher education, so that it’s not lingering after me for the rest of my life. My goal is to pay a good portion of it off while it’s deferred because I’m still in school. I started looking for planning tools and discovered ReadyforZero; a site that gives you free tools to pay off your debt quickly.
When you arrive at the site, you can learn more about ReadyforZero by scrolling down the page. It walks you through the different things it keeps track of, offers you testimonials, and an link to their How it Works page.
Ready to begin? Click either the blue Get Your Free Plan, Get Started – It’s Free, or Sign Up – It’s Free buttons. They take you to the registration page where you’ll enter an e-mail address and create a password.
The next step is to add your debts. I love that they display prominently what they’re doing to protect your personal information, as you’ll be adding user names and passwords to the site so that they can keep track of your debt. You can learn more about the security of doing this here.
Once you’ve added your debt, or just the debt you want to track paying down, you’ll pick what debts you want included in your plan. Then it calculates how best to pay off your debt by targeting the debt you have with the highest interest rates first. You can change the amount you want to pay, and the tools will calculate how long it will take to pay it all down.
You can also check out insights, learn about debt consolidation, track the payments you’ve already made and more!
I’m looking forward to using this to help myself get my student loans paid down before they are due for collection! But this is also a great way to stay on track with credit card payments, mortgage loans, and so much more. Go check it out for yourself today!