CNN.com has an interesting calculator that takes financial factors such as mortgage payment, debt payments, life insurance value, etc. and assigns you a letter grade. I answered their questions and we got a C+. For giggles, I had to see how we would have graded three years ago.
We got a C. I have a feeling that this calculator doesn’t give partial credit! LOL.
In any case, it’s a pretty neat calculator that highlights your trouble spots and could be a nice resource for those staring on their debt reduction journey.
Hat tip to The Yellow Piggy Bank. She got a B+!