Learn how to work with your debt reduction plan.
After you create your debt reduction plan, Quicken calculates a debt payment schedule optimized to reduce the amount of interest you pay and get you out of debt as early as possible. Quicken also provides tools to monitor your progress and make changes to your plan, as your situation changes.
The Projected Payoff Date and Savings graph displays the total amount of your debt, and when you will be debt free if you stick to your plan.
Click What If to see what would happen if you changed your monthly payment amount, or if you made a onetime payment on top of your regular monthly payment, or if you changed the order in which you paid off your debts. If after experimenting you decide that you'd like to replace your current plan with your experimental plan, you can easily do that.
The Payment Schedule lists the monthly payments you'll need to make on each of your debts to achieve your plan. You can simply come back to the Debt Reduction Planner each month to see how much you need to pay, or you can print your payment schedule and reference it as you pay your bills.
For each debt in your plan you will see:
Click See full schedule to see more months of your plan. While viewing the full payment schedule you can print a copy of it for your records. It is not possible to print more than twelve months of your payment schedule.
Note that all amounts are rounded up to the nearest dollar.