At the recommendation of a friend, I checked out SavvyMoney (previously called DebtGoal) which is a website and online program designed to help you pay off of your debt!  I like anything to do with paying off your debt.  I began by reading about the company, and I have to admit the first thing I noticed is that their CEO is named what my nickname is (JB) which equaled an instant positive for me!  It is always interesting what each of us notices first about companies and what draws us is unique to each person.

SavvyMoney is very clear about their purpose and goal to help you with the following statement from their website -

SavvyMoney is the best site for people who aren’t enormously in trouble, but who have realized they’ve been asleep at the credit wheel and need to do something about it, before it’s too late. We’re rebranding ‘I’m in debt’ to ‘I owe some money’, because we think that’s how people really think about debt. We offer free tools you can use to work out what debts to focus on first as well as a membership product that takes the hard work out of optimizing your payments and keeps you on the pay off path. Our customers are ordinary, hard working Americans who are smart enough to realize there are no ‘quick fixes’ when you’re in debt. They know that by being smarter about paying off what you owe you can save a LOT of money.

They offer some free calculators to help you realize how much you are paying each month into your debt as well as helpful information filled newsletter.  There mainstay is a debt repayment plan calculator which is very easy to set up.  You enter your personal information, set up a username and password, and enter your payment information.  You get a seven day free trial, then after that it is $14.95 per month.  You can set it up to coordinate with your accounts automatically to pull in interest information, balance, minimum due, and payments that you make which works great especially if you already do a lot of online bill pay.  You can also set it up where you enter everything manually.  I like how it gives you very easy to use graphs to see your progress.  It also provides you with tools to show you what adding a few more dollars each month or a lump sump would do to your balance and save you in interest.

I think there are some very key features offered by this program – ease of use, setting a clear defined goal that you can see all the benefits and drawbacks to, plus giving you ongoing encouragement through seeing the amount lower as well as newsletters.  While I was a bit taken back at the price, I realize that many of us need the accountability this tool offers, so if you have sizable debt of any kind, I would highly encourage it.

So what is holding you back?  Begin paying off your debt today!  Start a 7 day free trial with SavvyMoney.