This spreadsheet includes a printable payment schedule for easy reference. Need help repairing your credit? Download the Credit Repair Edition of the debt-reduction spreadsheet to first pay down each credit card to specific levels determined by your FICO score. Once you reach that that goal, the...
According to the free credit card payoff spreadsheet, starting with an extra $5,000 payment would reduce your debt payoff time by 25 months (from 57 months to 32). How to pay off your credit cards fast—increase your monthly payment Another great way to pay off your credit cards quickly ...
Goal 1 - Credit Repair: The debt reduction calculator first uses your extra monthly payment (i.e. snowball) to pay down the credit cards to the balances that you specify. Goal 2 - Debt Free: After the first goal is met, the snowball is used to pay off your credit cards using the no...
Calculate the payment required to pay off a single credit card in X number of years. Credit Card Payment Calculator Find out how much it really costs to make minimum payments. Balance Transfer Calculator Use this spreadsheet to estimate how much you can save when using a credit card balance ...
“A method of repaying debts in which a debtor allots enough money to make the minimum payment on each debt, then devotes any remaining debt-repayment funds to repaying the debt with the highest interest rate. Using the debt avalanche method, once the debt with the highest interest rate is...
With that information, the spreadsheet shows how your finances compare with the 50/30/20 budget breakdown, which recommends that 50% of your income goes toward needs, 30% toward wants and 20% toward savings and debt repayment. It's OK if your budget doesn’t perfectly align with the 50...
As you pay off each debt, you’re able to add that minimum payment to your debt snowball for the next creditor, attacking them one by one until you’re finally debt free! Dave Ramsey loves the debt snowball vs debt avalanche because it helps you build momentum, giving you “quick wins”...
Debt Reduction Resources Getting out of debt with the Debt Reduction Spreadsheet How To Set Financial Goals That Slay Dan Ariely on Breaking Bad Financial Habits Using Tech How to curb spending in 30 seconds using Opportunity Cost You can do it!
debt for all the creditors that you need to pay. The Results spreadsheet shows the detailed financial liability for each creditor like initial balance, Interest rate, interest paid, total amount paid, last payment date and months to payoff a debt. The Debt Reduction Chart provides the same ...
Download this free debt snowball worksheet that will tell you exactly how many months until you are debt free once you fill it out.