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Spreadsheet for working out CC payments
therevelator
Posts: 120 Forumite
in Credit cards
Just wondered if anyone has any good tips on setting up a spreadsheet for calculating credit card payments.
An example of a typical scenario would be transferring a large balance to different cards with varying rates and minimum payments.
I started doing this myself but it just got too complicated.
An example of a typical scenario would be transferring a large balance to different cards with varying rates and minimum payments.
I started doing this myself but it just got too complicated.
Treat everyday as your last one on earth! and one day you will be right.
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I have written a couple of calculators that should help;
This Balance Transfer Calculator works out how much you would save if you moved your debt on to another card based on how much you plan to pay off each month.
This Repayment Calculator compares the length of time it would take to may of a credit card using minimum payments or by overpaying it.
Clariman
(Disclosure: these calculators are on a site that I run as a hobby. MSE sponsors the stoozing site that I run but not this one).Author of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk0
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