According to the debt-reduction planner in Quicken if I continue making total payments on all debts of $1,290.85 each month and snowballing the payments as each debt gets paid off, we can be out of debt in June of 2013. This includes the house. By doing this, instead of making the minimum payments, we will save $45,965.10 in interest.
Personally, I know it can be done sooner and at a greater savings because I did not figure in my husband's profit sharing that we plan to apply to the debt or income tax return money.
November 18th, 2006 at 01:32 am 1163813571
November 18th, 2006 at 01:44 am 1163814283
November 18th, 2006 at 03:58 am 1163822294
November 18th, 2006 at 05:26 am 1163827569
Congrats on the quick payoff!
November 18th, 2006 at 10:56 am 1163847417
I use it every day. I have it set to let me know 10 days before a bill that I mail needs to be paid and 3 days before one that I just drop off somewhere is due. It makes it super-easy to balance the checkbook. It's just a tool that I've grown accustomed to having, I guess!
This version that I paid for (2006) has a planner for debt, retirement, college, home purchasing, special purchasing, etc. I haven't used all the features yet.
I don't find it time-consuming to use, except for the extra time I spend running the planners. But that's because I like too! LOL! And I know it saves me tons of time each month on balancing accounts.
November 18th, 2006 at 02:27 pm 1163860038
November 20th, 2006 at 03:32 pm 1164036723
I'd be 110% behind any plans that will save that kind of money!
November 21st, 2006 at 04:49 pm 1164127762
November 22nd, 2006 at 01:26 am 1164158805
This is Quicken 2006 Deluxe. I haven't checked out the 2007 version, but probably won't buy it. I just got this a few months ago. I guess the smart thing would have been to wait until the newer version was released. Oh well. Will remember that next time.