GOODCalc v2, Schedule Your Debt Destruction
Posted by Tim Freund Mon, 06 Nov 2006 02:50:00 GMT
We pushed a new version of GOODCalc out the door this weekend. That's the Get Out Of Debt Calculator, for those of you not in the know. You put in some basic info about your debt and your budget, and it keeps you on track to pay off your obligations in the shortest time possible. The primary improvement was a major face lift. I think it looks much, much better than before, but I'll let you be the judge:
Version 1:
Version 2:
Other improvements include:
- A resources page, listing helpful books and blogs
- A tools section, just waiting to be filled with other financial calculators
- A bit more AJAX sprinkled in for improved user experience
- A bug was squashed where the payment schedule would go crazy if run on the 29th, 30th, or 31st. Advancing to the month of February made the calendar unhappy. :-)
We are scratching our own itch with this application, but we are willing to be that there are others like us who have a passion for paying down their debt. Accounts are free, and guest accounts take only one click to create. What are you waiting for? Go try it out!
OK, you're back. So what do you think? Leave a comment and let us know!
I like the new look and feel over the version 1. I do have a suggestion on improving the calculations. Instead of distributing the balanse of the budget uniformally to each dept until they are paid off, use a system of equations minimizing the amount of interest paid. You would have to take into account the higher interest rates dept and pay more on those first. You could also have a time period in which you desired to be debt free. That might cause you to go over budget though. It can get fairly complicated when allowing these other variables. I can see why you used uniform payment distrubution to get something working. But, it might be fun to add the minimum interest and payoff in a certain time period.