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Free Debt Reduction Snowball Calculator for Excel

I found this Debt Reduction Snowball Calculator while search for a work schedule form. This Excel template is completely free and worth downloading. Here is the description and a screenshot.

Use our free Debt Reduction Calculator to help you eliminate your credit card, auto, student loan, and other debts. Easily create a debt reduction schedule based on the popular debt snowball strategy using this free Excel spreadsheet.

The first worksheet is a simple calculator where you enter your information, choose your total monthly payment, and see a summary of the results based on the strategy you choose.

The second worksheet is a payment schedule designed for you to print so you can keep track of your progress. You can also see how the snowball increases as you pay off your debts.

A big thanks to Donald Wempe for the motivation to create this spreadsheet, and for his great ideas!

You can download this Debt Reduction Calculator by visiting Vertex42.com

April 25, 2008 | Filed Under Financial Goals, Financial Planning, Free Budget Forms | 1 Comment 

Financial Peace University – Coordinator News – Class 1 -Super Savers

Creative Commons License photo credit: PPDIGITAL

We had our first Financial Peace University class this past Sunday. It was a small group but I think it will be a great class. So far I am very please with the new FPU material. The videos are all updated from the last series of classes we coordinated. The Super Savers lesson was absolutely hilarious. I think everyone in the class was pleasantly surprised that the video sessions were entertaining as well as informative.

Discussion after the video went very well. We had one family drive 45 minutes to be apart of this class. The FPU class is already very different than the last one my we coordinated. Last time we asked the leadership of our church to join the class so that we would all be on the same page. This time people joined the class out of need.
The Super Savers lesson was very motivating. It’s been a rough couple of months for our family and we have not had our emergency fund because we had to … spend it on an emergency. Actually we have had to do this a few times. The fact is we are still spending more than we make. We are going to have to really make some tough decisions the next few weeks. We need to lower our expenses which seems to rise very quickly every time the gasoline prices go up (currently over $3.67/gal). Because my husband commutes the rise in gas prices increase our monthly bill by about $100 – $200.
This FPU class couldn’t have come at a better time for our family. My husband and I had lost our motivation and began to have feeling of hopelessness again. Though our overall situation has improved over the last 2 years, it had become very difficult to continue when you have lost your motivation.
The knowledge gained from FPU is truly life changing but all the knowledge in the world won’t make change. It’s the decision to change and motivation to continue on this journey that really makes a difference.

The main lesson I took away from our first class was that we need to remember as small as our baby steps may be they are still steps forward. As long as we keep going in this direction we will complete the journey.

April 8, 2008 | Filed Under Dave Ramsey Financial Freedom, Dave Ramsey Financial Peace University (FPU), Financial Freedom Journey Pep Talk, Financial Planning | 3 Comments 

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