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Another Snowball Helper

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2 replies to this topic

#1 Erica

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Posted 03 March 2007 - 11:06 PM

I asked Radi8 if I could post this link, and he ok'd it.

Snowball Website

It has other calculators too:
  • Smoking - how much you could save by quitting
  • Stoozing - How to make money by balance transferring
Just to name a couple.

I found it from some Debt Reduction Blog, and thought it might help someone. I've started using it, mostly because the Excel spreadsheet posted before has macros that don't work on my computer.

Good luck in your Snowball Success!

#2 dynarider

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Posted 05 March 2007 - 11:31 AM

Thanks this works great for me I couldn't use the other one either.....

#3 Kate

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Posted 26 April 2007 - 02:04 PM

Thanks this works great for me I couldn't use the other one either.....

This site was much easier to use than the complicated Excel spreadsheet, but I do have a warning for those looking to save on their bottom line....

This site will show you how to order your debts in your choice of interest order, or balance order and will show you how long it will take to pay off the debt and how much interest you'll pay. The spreadsheet, however, will calculate your best plan of action, taking into account your teaser rates and when they expire and will show you how to save the most money overall.

When I put my debts into the Excel spreadsheet, it calculated my debts paid off completely by June 09, and $1478.93 in interest paid. The website shows me paid off October 2010 and paying $3564.00 in interest!

This is a great tool for those who can't access the Excel spreadsheet, but please be aware that the calculations might not be as accurate!!

Thanks for the post Erica! :P

Edited by Kate, 26 April 2007 - 02:05 PM.

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