Saturday, Nov 18, 2017

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.

The Library, The Land Of The Free (Stuff)

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

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.

The Wall Street Journal

A reporter from the Wall Street Journal interviewed me via email regarding The Real Damage Calculator and how it works. She’s writing an article on the new laws governing credit card reform and thought that my website would be an interesting side piece. New Law Forcing Credit-Card Issuers to Play Fair

The Consumerist Calls Us A “Reality Check”

The Consumerist, a website owned by Consumer Reports has written about our tool calling it a “Reality Check”. The reader reviews are quite funny as it becomes apparent that the vocal nay-Sayers can’t be bothered to even read the description of the site before posting a negative comment. The positive emails and link-backs I’ve received [...]