Quicken 2002, XG, 2004

How does the Debt Reduction Planner help me create a plan for reducing my debt?

Background: "The Debt Reduction Planner helps you:

Pay the least amount of interest.

Get out of debt as soon as possible.

Create a plan, which evaluates existing debts (such as liability accounts and credit card accounts) and sorts them.

Solution: The plan has the debt with the highest interest rate placed at the top of the list. This allows you to pay off the most expensive loan first, while making the minimum payment on the other debts. You may also add debts, which are not currently tracked in Quicken.

To start the Debt Reduction Planner:

From the Quicken Planning menu, choose Debt Reduction Planner.

Insert your Quicken CD in the CD-ROM drive.

Click Next to start.