Discover has three services:
- Spend analyser -- a budgeting tool that allows you to identify where your money has been going over a period. You can even view your spending patterns in the form of colorful graphic charts.
- Pay-down planner -- which lets you model your payment options, varying the time and the pain involved.
- Purchase planner -- which could help you to choose how best to pay for your next major purchase.
Chase has its Blueprint suite of online tools, which does everything that Discover's does, and more. In fact, it's widely regarded as one of the most powerful and highly-recommended budgeting tools available.
Blueprint allows you to integrate your goals into your card account. For example, you can choose always to pay in full each month for everyday items like groceries, gas and/or dining, and your statement will show how much you need to pay to achieve that. Similarly, you can set a pay-down plan to zero your balance by a certain date, and the payment you need to make will appear on your statement each month. Of course, if your circumstances change, you won't be penalized for missing your goals, providing you keep up minimum payments.
Take control of your credit card debt
One of the worst aspects of being in debt is the feeling of helplessness it often brings. Sometimes, the whole mess can appear overwhelming, and it's a common and possibly natural instinct to bury your head in the sand.All these credit card calculators and tools are designed to empower you. They can help you seize back control of your finances, and move forward with the confidence that comes from having a workable plan. And they can provide you with a realistic prospect of an end to the stress and misery you're currently enduring. All that, and they won't cost you more than a few minutes of your time each month.