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Calculating What Credit Debt Really Costs You

If you're on of the millions of people carrying debt on your credit cards or with a bank loan, then you know how difficult it can be to pay it off.

The real damage calculates the true cost of a purchase using your own unique financial situation. Unlike most debt calculators, we don't show how much something will cost if you carry the balance on your credit card. We show you how much you will save if you never purchase the item in the first place, and instead used the money to pay down your debt. Reverse the logic, and what we end up with is the amount that purchase truly costs you. What we like to call, The Real Damage.

Knowing the true cost of a purchase, allows you to make informed financial decisions. Which will help you get out of debt, and stay out of debt.

10 ways to save $500 each month!

Posted by Kyle Reiach in Debt Management News Tuesday, 11 October 2011 00:52 No Comments

Sympatico via Yourmoney.com brings us yet another insightful article on how to save money by cutting monthly expenses. The problem is, they assume you are already doing everything wrong with your finances. I could just as easily tell you how to save $1000 a month… by not buying things that cost you $1000 a month! [...]

Cut your spending on household items

Posted by Kyle Reiach in Debt Management News Wednesday, 20 July 2011 20:29 No Comments

Forbes brings us an interesting article entitled Household Items You’re Paying Too Much For which is a great reminder that you can save a lot of money just by buying no-name brands and some products in bulk. Getting out of debt is a process, and following the advice of this article should defiantly be something [...]

The Library, The Land Of The Free (Stuff)

Posted by Kyle Reiach in Debt Management News Saturday, 25 June 2011 05:37 No Comments

Your local library isn’t that stuffy old place you were forced to visit as a kid. Today’s libraries are a treasure trove of media and services which are completely free to use. From DVD to geneaology databases, your local library can save you a boatload of money, while helping you pay off your debt. 13 things that [...]

Debt Visualization Tool Gets A New Look

Posted by Kyle Reiach in Site Updates Thursday, 23 June 2011 18:25 No Comments

It’s that time of year again where the site gets a fresh new update. This year we bring you a brand new template, faster calculation and a new section aimed at featuring helpful information for managing your own debt and keep yourself in the black.