Previous Post: Weekly Bible Verse – The Advantage of Planning
Check Out SeeBeyond2020.com – Online Debt Repayment Calculator
As I come across interesting and/or helpful sites on the web, I try to pass them along in the hopes that you might find the interesting and/or helpful as well. Through my personal experience, I’ve seen the freedom that comes with being out of debt and after taking Dave Ramsey’s Financial Peace University, I’ve seen the power of the debt snowball as a tool to accomplish that goal. Along those lines, this online debt repayment calculator was brought to my attention: SeeBeyond2020.com.
SeeBeyond2020.com is a subscription service that attempts to provide you with a plan to get out of debt in the shortest amount of time possible. Now, this is not some debt consolidation deal or anything along those lines. Instead, it simply provides you with a plan to apply your current payments to your various debts in the most efficient manner to reduce your overall time until you have paid off all your debts and save you some money (hopefully a lot of money). You can see their little “How it Works” section for a bit more detail. Probably the most interesting thing to investigate if you are considering the service is an actual example plan.
As I mentioned, this service is a yearly subscription service. And it appears to me that you don’t really get an overall, comprehensive plan. Instead, I think that you get a monthly email telling you exactly what to do that month with each of your current debts. For full disclosure purposes – I have not used this service so I can’t offer any personal recommendation one way or another. In this case, I’m just pointing out a service that you might be interested in investigating. One other note if you are a big Dave Ramsey fan – I was not able to tell if this service followed Ramsey’s debt snowball technique for getting out of debt. Frankly, I doubt that they do but I am not sure. UPDATE - per the comment from Roger below, see that SeeBeyond2020 uses a hybrid snowball/avalanche method for determining your payment plan.
If you have used this tool, please leave a comment to let us know how well it worked for you and your overall impression and recommendation.
Related posts brought to you by Yet Another Related Posts Plugin.
If you found this post informative or entertaining (or both), please subscribe to my RSS feed or subscribe via email to receive future Borrow From None posts.
Thank you for visiting!
Comments
2 Responses to “Check Out SeeBeyond2020.com – Online Debt Repayment Calculator”
Leave a Reply
Subscribe to Borrow From None
Affiliates
-
Social Networking
Links of Interest
What is RSS?
Thanks for the review and the pointers. Actually, SeeBeyond2020.com uses a hybrid method of debt reduction, meaning it combines the best of the Snowball and Avalanche methods. The advantages of this method is the quick results (from the Snowball method) with far better pay off times and interest savings for the Avalanche method.
Thanks again for the review,
Roger
The debt situation in the US has been extremely bad from the time of recession. Whether it is the consumer or the government, everyone is talking about the debt burden. Fortunately, the presence of such financial tools such as the debt reduction calculator is one of the most effective ways to formulate a better debt relief plan.