Is it possible to see your budget summary and in-depth at the same time? The legendary J. You will also see the estimated payoff debt and potential interest savings.ĭownload Here: 9. The spreadsheet recommends which loan to pay off first. The free and premium templates let you enter these creditor details:Īfter entering the necessary loan details, you can enter your monthly snowball payment. The premium Microsoft Excel version allows up to 40 creditors. Buying the Extended license costs $9.95 and lets you enter up to 20 creditors in Google Sheets. Your first ten creditor accounts are free. Vertex42 has a debt reduction calculator. While there are debt payoff apps to make a payment plan, a template might be your preference. If two loans have the same balance amount, make additional payments on the one with the higher interest rate first.
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