If you have multiple debts, like credit card balances, overdrafts, car loans or store cards, it can be difficult to keep track of them all and to make sure you make the right payment each month. Some of these debts may have high interest rates which mean it will take you even longer to pay them all off. A debt consolidation loan is designed to put all of those debts into one overall debt, with one interest rate, and one monthly payment. If the interest rate is low enough, your total monthly payment can be lower than it was when you were paying separately. How low does that interest rate have to be? The Debt Consolidation Calculator can help you work that out.

Enter the details of your outstanding debts, like the amount you owe and the interest rate you’re paying on each debt. Then choose how quickly you’d like to pay them all off, and click “Go!”. The calculator will work out what your total monthly payment would be if you were to pay them all off individually – and also the overall interest rate you’re paying. This means that if you can get a debt consolidation loan at a lower interest rate, it would save you money each month (please note this does not include any charges the loan company may apply).

There are other things to consider, so before finding and using a debt consolidation loan, talk to an expert advisor like those at thinkmoney. Their website has plenty of useful information like debt consolidation pros and cons, and the first consultation with them is free. With a bit of help, you could save yourself a lot of money!

It might be time to look for a new job – the Christmas break gives one time to consider career plans, and you might think that in January you’ll start looking for new employment, or talk to your employer about a promotion. Use The Salary Calculator when comparing salaries so you know how much extra it would make to you each month if you got that pay rise.

If you need some extra money each month, to save up for a holiday or a new car say, then use the Required Salary Calculator to work out what salary you need to look for to get that extra take-home. There’s hope that early in 2010 we’ll hear that the UK has finally left recession and things will start to pick up – including the job market.

If you’re not interested in a new job, you can consider sorting out your finances. Use the Mortgage Repayment Calculator to get an idea of the effects of remortgaging in 2010, or the Debt Consolidation Calculator to see what you could save by taking control of all of your loans. Why not try to get debt free in 2010?

Here’s to a great new year for everyone, I hope that The Salary Calculator will help you with your money in 2010!