It can be tough to pay down debt. ReadyForZero helps you put together a practical plan to help you reach your goals.
One of the ways that you might be finding yourself frittering away wealth is through debt. Debt is the opposite of wealth. Instead of directing your resources to where you want them to go, you are paying obligations to others. Instead of earning interest and building your own wealth, you are paying interest to others, putting money straight into someone else’s pocket.
Unfortunately, trying to get out of debt can be a daunting task. You might not know where to start, and you might not have a plan. If that is the case, ReadyForZero can help.
What is ReadyForZero?
ReadyForZero is a company that provides debt repayment plans. If you want to pay down debt, you can get a personalized plan made just for you. ReadyForZero takes all of your account information (you can link your accounts electronically, like you would with a budgeting app), and then helps you put together a debt reduction plan.
Your plan is based on how much you can pay each month, and it can also be based on the providing the fastest way for you to pay down debt. You can also see the date that you will finish your plan — if you stay on track. This is helpful in a couple of ways as you pay off your debt:
- You know exactly what you have to do in order to get rid of your debt.
- You have a target date, so you know when you will be done (assuming you stick to the debt pay down plan)
This can help you stay motivated, and stay accountable. With ReadyForZero, it’s easy to see where you are going, and when you will get there. Plus, there is plenty of free help and advice, as well as educational materials, that can help you fix the rest of your financial life, even as you pay down debt.
How Much Does ReadyForZero Cost?
ReadyForZero is a freemium app. This means that the basic version is free. You can get your own personalized plan, and track your progress, without charge. If you want some added features, though, you pay $4.99 a month for the PLUS version, after a free 30-day trial.
The main advantage to ReadyForZero PLUS is that you can actually make payments from your ReadyForZero plan. You can schedule debt payments on your accounts from one central location. No need to go to a bunch of different sites to make debt payments. This keeps your debt pay down plan centralized, and puts you firmly in control.
I met the folks at ReadyForZero at the Financial Blogger Conference, and I work with them, writing for the blog. I think ReadyForZero is a great way to get on track, especially if you don’t know where to begin when it comes to paying down debt. Whether you use the free plan, or pay for PLUS, it’s hard to go wrong when you are getting out of debt.