Reduce Your Debt by Setting Personal Finance Goals | How to Use Mint

Do you have a financial goal you’d like to achieve, but don’t know where to start? Mint can help you get there. Whether it’s paying off debt, saving for a house, or creating an emergency fund, Mint can help you get started on your goal in minutes. Let’s choose an example-paying off credit card debt. Select which account you’d like to pay off, and then give the goal a name. Pick something fun while you’re at it, like Get Out of Jail Free Plan. When you originally set up Mint you’ll select your financial institutions, and Mint will sync with the accounts you’ve selected. Then you’ll see the interest rate that you’re paying on the card and the minimum payment. Mint will tell you that with your current monthly payment what date your debt will be paid off as well as how much in interest you will pay during that time. You can use the slider bar to increase or decrease the monthly payment, and you notice that the length of time for payment and your interest amount will adjust. You will also see how much you can save by increasing your monthly amount. But now let’s select the amount that you want to pay, and then save the goal. Boom. You’ve created your paying off credit card debt goal. Wasn’t that easy? Now Mint will track your project over time as you pay down your credit card debt. You can also view your payment plan details for more in depth information to see things like the due date for your credit card payment to help you avoid late payment fees as well as how much each payment reduces your projected balance each month to reinforce your resolve to stick to your plan. Now that you see how easy it is, what are you waiting for? Click on the link below to get started now with Mint Goals.

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