topic Re: Debt Paydown/Snowball Spreadsheet in Credit Cards

Debt Paydown/Snowball Spreadsheet

xgac12x — Wed, 22 Feb 2017 20:24:15 GMT

Does anybody have a really good debt paydown calculator spreadsheet? I am in NEED!

Re: Debt Paydown/Snowball Spreadsheet

rooeez — Wed, 22 Feb 2017 20:33:37 GMT

https://www.vertex42.com/Calculators/debt-reduction-calculator.html

Re: Debt Paydown/Snowball Spreadsheet

austinguy907 — Wed, 22 Feb 2017 20:36:14 GMT

@xgac12x wrote:
Does anybody have a really good debt paydown calculator spreadsheet? I am in NEED!

What's so hard about putting something together to track your APR/Balance/Payments? The whole idea is to start with either the highest APR debt and work your way down or you can start with the lowest balance and start clearing them as you work your way up the ladder. If you don't have Office you can just do it on google docs for free.

Re: Debt Paydown/Snowball Spreadsheet

xgac12x — Wed, 22 Feb 2017 20:39:10 GMT

That is what I'm going to do

Re: Debt Paydown/Snowball Spreadsheet

rooeez — Wed, 22 Feb 2017 20:51:24 GMT

@austinguy907 wrote:
@xgac12x wrote:
Does anybody have a really good debt paydown calculator spreadsheet? I am in NEED!
What's so hard about putting something together to track your APR/Balance/Payments? The whole idea is to start with either the highest APR debt and work your way down or you can start with the lowest balance and start clearing them as you work your way up the ladder. If you don't have Office you can just do it on google docs for free.

True, but why reinvent the wheel?

FYI xgac12x, that spreadsheet I referenced earlier will do both snowball and avalanche methods and allow you to put additional payments to easily analyze different approaches to paying off debt.

Re: Debt Paydown/Snowball Spreadsheet

xgac12x — Wed, 22 Feb 2017 21:46:01 GMT

@rooeez wrote:
@austinguy907 wrote:
@xgac12x wrote:
Does anybody have a really good debt paydown calculator spreadsheet? I am in NEED!
What's so hard about putting something together to track your APR/Balance/Payments? The whole idea is to start with either the highest APR debt and work your way down or you can start with the lowest balance and start clearing them as you work your way up the ladder. If you don't have Office you can just do it on google docs for free.
True, but why reinvent the wheel?

FYI xgac12x, that spreadsheet I referenced earlier will do both snowball and avalanche methods and allow you to put additional payments to easily analyze different approaches to paying off debt.

I used that spreadsheet. It worked perfectly. Thank you!

Re: Debt Paydown/Snowball Spreadsheet

Anonymous — Thu, 23 Feb 2017 01:26:18 GMT

I'm going to have to check out this link. I made up my own in Excel but I am curious to see some of the options in this one that I didn't add to mine. Thanks for posting the link!

Re: Debt Paydown/Snowball Spreadsheet

Anonymous — Thu, 23 Feb 2017 09:34:54 GMT

Great tools! There also is something to be said about an old fashioned regular paper kittycat calendar from the 99cent store. Hand write pay due and amounts. You circle, highlight, cross out as you go. A few months down the road you have real tangible progress in black and white to flip thru wnd back up whatever balances you have when you log in.
Sticking to a plan is one of the hardest test of the human psyche instant gratification is how we got into debt