Debt Repayment Calculator
If you're in debt up to your ears, and need a good plan for repayment of that debt, the Debt Repayment method is an excellent choice. If you follow the simple rules of the Debt Repayment method, you'll surely pay your debt off in record time. This calculator simplifies the difficult calculations of the Debt Repayment method, and makes it easy to see just how much time and money you'll save by using the plan. It also gives you a detailed schedule of how much to pay each month, and on which debts. It's fun to see your debt balances go down faster and faster, like some unstoppable juggernaut of debt repayment.
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thanks for such an important web site.
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this is a good spreadsheet but you need to add an "extra funds" cell. Amount of disposable income that you can add to the minimum payments.
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I can't get the spreadsheet to open properly. It says "read-only" and that the spreadsheet cannot be found on this site. HELP!! We could really use this!
Thanks!
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@Sheri:
I just tried the download link, and it works. You might try right-clicking on the link, and selectin "Save Link As", or the equivalent for your internet browser. If that doesn't work, let me know and I'll email it to you personally.
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I entered the info in the blue fields. I pressed SORT as instructed. I see the results of using the Debt Repayment schedule in the yellow boxes at the bottom.
What I don't understand is the part " how to pay off your debts according to the payoff schedule". I did push the "See Payment Schedule" button. The Redirected Payments column is empty.
Do I need to enter numbers in the Redirected Payments column? Not sure how AFTER DR Plan numbers are calculated?
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will you send it to me also?
Thanks!
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I'd also like to know the answer to Karma's question. After sorting your debts and clicking "See Payment Schedule", what happens next?
Does the spreadsheet allow me to go ahead and input each of my payments as I make them and then update the totals accordingly? Please let me know! Thank you so much for this tool!
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