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How do I change the debt reduction plan payoff order?

By default, Quicken calculates a payment plan where you pay off the most expensive debt first while making minimum payments on the others. When the most expensive debt is paid off, the money you had been paying on the first debt is added to the minimum monthly payments on the second debt. Without increasing the amount you apply to your debts, you're paying the least amount of interest, and paying of your debts as quickly as possible. If you'd prefer to use a different strategy, here's how:

  1. Click the Planning tab.
  2. Click the Debt Reduction button.
  3. Choose Plan Actions > Explore other plan options.
  4. Click Change Order.
  5. Choose a payoff method. As you make changes, you can compare the payoff date and interest savings of your Current Plan with your Re-ordered Plan. Note that all amounts are rounded up to the nearest dollar.
    • Use Default Order
    • Use Debt-Snowball Order
    • Custom Order
  6. Click OK.
  7. In the Experiment with Other Plan Options window, click Update My Plan.
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