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Thread: editing the recommended payments
May 2nd, 2010 #1
- Join Date
- Apr 2010
editing the recommended payments
I am feeling lately like a debtgoal addict I am LOVING seeing my progress and feeling very positive about paying down debt and building my credit.
Anyway, I like to look ahead, and was thinking it would be helpful if I could make edits to the recommended payment screen. I think this ties in to what others have recommended in terms of a budget screen and a place to test out how different payments would affect the overall balance.
It would be helpful if the "recommended payment" area was editable-- because the system's formulas have calculated exactly based on my monthly payment committment, I wind up with uneven amounts for recommended payments. I usually like to bump those up to an even number, for instance from 66.23 to 67 or even 70. Also it would be great to see if I edited recommended payments, how that would affect the number of remaining months.
thanks for this great system!!
May 2nd, 2010 #2
Re: editing the recommended payments
Laurel - I think your post will give the entire DebtGoal team a new high! Thanks, and we are glad that the program is working for you. 75% about getting out of debt is about having a plan and tracking progress against it. We've tried to make setting up and tracking to a Debt Plan very easy. No more incomprehensible language and opaque numbers about debt - only a clean interface to start progress towards becoming debt-free.
We like your suggestion about being able to simulate different payments on each account and seeing how they impact payoff and have heard this from other members too. We've been building simple and easy to understand simulation calculators which will show dollar and time savings for one time or occasional payments.
For now, ther is another easy way to see your savings on each account by temporarily using the Payments function. Every time you record a payment, we tell you how much of that payment will go towards paying down balance and how much will be future savings. You can use this calculator to simulate savings and balance paydown for a hypothetical payment. Of course, we'll have better and easier simulators in the product over the next couple months.
Let us know if this worked for you.Bhawna is a Debt Expert and is inspired by so many determined to becoming debt-free.