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Creating graphs

To see things visually, you can create a graph. Four graph options are available

  • Total debts over time, by plan
  • Total interest paid over time, by plan
  • Interest vs. principal, on a plan (this one can only be run on one plan at a time)
  • Bank account balance over time, by plan (this one requires that you select the minimum payment plan plus any others to compare against)

You can click on the little gear next to the 'go' button to customize which reports to display. For the total debts or total interest graphs, if you choose to graph only one payment plan, the display will switch to an area graph displaying how much of your total debt each individual account is.

Graph screen Graph screen

We highly recommend running the interest vs principal graph on the Highest Interest Payment Plan and comparing it against the results you get running it on the Minimum Fee Only Payment Plan. It's quite a comparison. Note how much bigger that red section is? That's a substantial amount of additional money going to interest. The Minimum payment plan is on the left, the Highest Interest plan is on the right.

Graph screen

Pay close attention to the fact that you're paying the exact same amount to the principal. Better planning makes a huge difference.

Please note that graphs never use the "payoff out of order if possible" option

To create a graph:

  1. Click on graphs in the tool bar.
  2. Select the graph you want to create.
  3. Optionally hit the gear button to choose which scenarios to run
  4. Press the 'Go' button.

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Testimonials
I have been working to get debt free for the last 6 years or so ever sense I lost my job and it took 6 months to find another one. In 6 months time, my debt went to around $21,000. Every year I made some progress to paying off my debt but after I started using this app for the past 2 years or so, I can now say that I am debt free and have a little over $3400 in the bank. I would have gotten there by myself but not as fast. I still use Debtinator to plan out what to save in the bank and what I may spend to help maximize my money. Debtinator has helped me to become debt free and put extra money back in the bank. If you really wont an idea of what to do with your money, you should give Debtinator a chance.
-VirtualShift on VersionTracker.com