How to pay your credit card bills
The Credit Card Calculator is a functional demo of a web calculator that will help you figure out how much you should pay on your credit cards. The demo will let you do up to 5 payments.
Here is how it works: You enter in the relevant data (total amount owed, interest rate, minimum payment, etc.) and it will suggest, based on your budget and a “special formula”, how much you should put toward each card. I’m not sure what the “special formula” is, but the results seem pretty reasonable. I imagine this could be useful for those non-financial types. Thanks Ken.
