The 5 Best Debt Reduction Software Programs of 2020
Debt is one of the most commonly reported causes of stress amongst Americans, who hold an average of $9,151 in credit card debt per person. This fact illustrates how heavily Americans lean on their credit cards to support their standard of living.
Eventually, one’s debt load becomes so burdensome they decide it is time to do something about it. Most individuals go through the standard methods of debt reduction such as the snowball method, the avalanche method, or even debt consolidation. While all these options are viable debt reduction strategies, many borrowers have trouble sticking with a debt reduction plan. This is where debt reduction software programs come in.
Here we will cover the top 5 software programs for 2020, how they work, and who they would be good for.
Most people will be familiar with Quicken for their tax return and accounting software, but they also provide one of the best debt reduction software programs around. The basic program starts at $34.99 per year and allows subscribers to track all their bills and spending as well as create a debt reduction plan following a variety of strategies and methods. It also provides customers with analytical insights into their spending habits, so users can see exactly where their money is going.