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Are Your Bills Piling Up?

PC Magazine , August, 2000 by Neil J. Rubenking

Almost everyone carries some amount of consumer debt -- if only a mortgage -- and more and more of us carry credit-card debt. Carrying debt means paying interest -- sometimes an appalling amount of it. This issue`s utility, PayEmOff, helps you devise a strategy for getting out of debt efficiently by minimizing the amount of interest you pay. By paying off high-interest cards first, you can save a significant amount of money; PayEmOff shows you exactly how much. In addition to analyzing your credit card debt, PayEmOff includes separate calculators for analyzing your mortgage and investments. These calculators can instantly show you the effect of changing the interest rate, payment amount, or number of months for investment or until payoff. And since dealing with debt is always stressful, you can configure the program to use whatever background images, colors, and fonts you find most soothing.

PayEmOff runs under Windows 95, Windows 98, Windows NT 4, and Windows 2000. The Delphi 5 source code is provided with the utility for those interested in seeing how it works. Note that PC Magazine programs are copyrighted and cannot be distributed, whether modified or unmodified. Use is subject to the terms and conditions of the license agreement distributed with the programs.

Using PayEmOff

To install PayEmOff, run the supplied installation program INSTALL.EXE. To uninstall the program, use the Add/Remove Programs applet in the Windows Control Panel. To familiarize yourself with the program before entering your own credit card data, you can load the supplied data file sample.pmo.

The first things you`ll notice when you launch PayEmOff are the background image and the unusual font, which are used throughout the program (see Figure 1). PayEmOff lets you choose the background and font for each of its six principal windows -- the main window and the Card wizard, Card analyzer, Payoff strategy, Mortgage calculator, and Investment calculator windows. By default, each window has a garden-themed image for its background and uses the Comic Sans MS font. To change these settings, choose Display Options from the Tools menu in the main window. The figures in the rest of this article show some of the fonts and backgrounds that are available.

The Display Options page contains six tabbed pages, one for each of PayEmOff`s principal windows (see Figure 2). Every tabbed page has the same controls: four options for the background, with each option represented by a button, and an additional button for selecting the font. A preview area to the right of the buttons lets you see how the font and the background look together.

Your display settings apply to the currently selected window. If you`d like to use the same style for all six windows, click the All like current button. Click the Restore defaults button to put all of the windows back to their default appearance.

The four buttons for controlling the background are No background, Solid color background, Built-in image, and Image on disk. Click the button labeled No background to use the standard system color. (This is the color of the 3D Objects item buried in the Display Properties dialog -- which pops up if you choose Properties from the Windows desktop context menu -- and is usually light gray.) Click the button labeled Solid color background to invoke a standard color-selection dialog. Select Built-in image to choose from PayEmOff`s many built-in garden images and background textures. The textures are sorted into light, medium, and dark. If you have an image of your own you`d like to use, click Image on disk to choose any .JPG or .BMP image.

Clicking the Set font button will invoke a font selection dialog. You can specify the typeface and font color, set a size from 8- to 12-point, and choose whether the font will be bold or italic. Some combinations of background and font color will be illegible; you can use the preview area to avoid these. Also, with some combinations of typeface, style, and size, the text may not fit properly in the window. In those cases you`ll have to choose a different font.

The No flicker checkbox is present only on the main window`s Display Options page. When the main window`s credit card list has an image for a background, resizing the columns can cause an annoying flicker on some computer systems. If you check the box, this flicker will be greatly reduced. The trade-off is that the background may be a bit scrambled while resizing is taking place.

Entering Your Data

Before you start entering data, try to locate the credit agreement for each card, along with some recent bills. For each card, choose Add from the Cards menu, or press the Add card toolbar button. This launches the Add Card Wizard (see Figure 3), which will take you through the process of entering a credit card`s data. You start with the name, which must be different for each card. If you enter a name that`s already in use, PayEmOff will append a number to make it unique, for example, Visa, Visa (1), Visa (2). Next you select an icon to represent the card (see Figure 4). PayEmOff provides four generic credit card icons plus another twelve that resemble popular credit card types. To make a selection, click the Icon button, or press Alt+I.

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