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Tuesday, September 29, 2009

The Best Software for Becoming Debt Free

By Sean Payne

If you're in debt, you've probably noticed that those who successfully get out of debt use some kind of debt free software. There's a good reason for this: It works!

A wise man will tell you that "success leaves clues". What this means is that people who have experienced success in getting out of debt have used specific techniques and methods to get out of debt, and that if you do the same things they've some, you'll get out of debt as well.

One of the things that people who get out of debt have usually done is to make a debt payoff plan, and then to work that plan. If you've created a plan to get out of debt, the right software will help you stick to 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.

Among the many other great budgeting software programs, one in particular stands out. Mvelopes Personal is a great web-based budgeting program that allows you to work with your personal budget from almost anywhere in the world. Mvelopes will also automatically pull transactions from your credit card and bank accounts, and puts them into your budget.

One free budgeting system that I've tried out is Mint. It's another web-based budgeting system that won't cost you a cent to use. A great feature of Mint that is great for you is that it searches credit card companies for lower rates than you're already paying. If it finds a good offer, Mint will let you know, potentially saving you hundreds or thousands of dollars in interest. Mint does the same thing in reverse for bank accounts. If it finds a higher-interest account, it lets you know, potentially earning you hundreds of dollars more in interest.

In addition to budgeting software, there are lots of other debt reduction programs that wil help you to stick with your plan for paying off your debts.

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 best advice to get out of debt in a hurry is to stay with a dedicated budgeting program. A good budgeting program will help you keep track of your expenses, debts, and income. Don't make the mistake of getting into a complicated program that has way too many features. Even a basic spreadsheet that you make can help you, but I suggest that you use a program that has a reputation for helping people to get out of debt.

Regardless of which software you use to help you get out of debt, start today, and continue to use the same software until you get out of debt. Be consistent in using it, daily or weekly depending on your situation, and your software program will help you to quickly get out of debt. - 23208

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