MoneyDesktop.com is a new online financial planning program just released this month. It proposes to get Americans out of debt with the help of advanced financial management tools. MoneyDesktop offers traditional personal finance software features such as monitoring accounts, expense tracking & budgeting and real time financial reporting, as well as some great long term financial planning & debt reduction tools.
The makers of MoneyDesktop consider they can help users save thousands in mortgage interest payments and pay off their debts more quickly. The program also provides the following features:
- Runs scenarios to show effects of potential new purchases on your savings plans
- Finds discounts and cashback offers at over 300 online retailers
- Finds interest saving loans and credit cards
- Helps manage credit score
- Tracks retirement savings
It also offers two debt reduction strategies:
- Debt roll-down strategy – analyzes all your various debts, interest rates & terms to advise you on which debts to pay first
- Mortgage Checking Account (mortgage acceleration) strategy – gets your income to work towards reducing your loan’s principal more quickly, and so decreasing total interest owed
MoneyDesktop costs $19.95/month or $199.95 for a yearly plan. There’s currently a discount offer of 6 months free (use code 6MONTHS1 or 6MONTHS12). A 30-day free trial is also available.
