Seeing how far in the red those new shoes put you as soon as you log on to Mint.com is all well and good, but now you can actually do something to pay off those shoes -- and all of the rest of the debt you've racked up -- faster.
Personal finance site Mint.com, which helps consumers track their spending and manage their money, launched a "Get out of Debt" tool earlier this year, which holds your hand along the debt payoff process.
You start out by creating debt-elimination goals for each type of debt you have and then Mint generates a payment plan where you can adjust the monthly payment amounts and see how long it will take you to finish paying what you owe, as well as how much interest you will accumulate or save.
Once you finalize a plan, the progress you make paying down your debt will pop up on your financial profile.
But Mint.com's help is limited. For now, you can only use the tool when paying off credit card debt or auto loans. Student loans, mortgages and other debts haven't yet been added as options yet.
These seven people are drowning in debt and many don't see a light at the end of the tunnel.
