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Good snowballing website?

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scottishspendaholic
scottishspendaholic Posts: 1,171 Forumite
in Debt-free wannabe
Hi there,

Can anyone recommend a good website for working out snowballing for your debt?

Thanks very much!

SS
MBNA = £4,000 / Next = £925 (approx. tbc on 19/8)
Tesco = £2,910.11 / Smile overdraft = £500
Bank of Scotland = £2,782.83

Comments

  • nearlyrich
    nearlyrich Posts: 13,698 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Hung up my suit!
    scottishspendaholic wrote:
    Hi there,

    Can anyone recommend a good website for working out snowballing for your debt?

    Thanks very much!

    SS

    Have you seen this one?;)
    Free impartial debt advice from: National Debtline or Stepchange[/CENTER]
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    scottishspendaholic wrote:
    Hi there,

    Can anyone recommend a good website for working out snowballing for your debt?

    Thanks very much!

    SS

    Wo wo wo!

    There's only room for one SS on these boards fella! :mad: ;) :rotfl:
  • fgtr13
    fgtr13 Posts: 18 Forumite
    Excellent !!!!
    (Though a bit frightening to see all my debt laid out in black and white ....... for the next 10 years !!!)
    A very good exercise ..... a great starting point !!!
    TYVM for info nearlyrich !!!
  • Kateelizabee
    Kateelizabee Posts: 58 Forumite
    I prefer this one, to be honest:

    http://www.geocities.com/schizeckinosy/Snowball.html

    You have to have excel 7.0 or later, but it has a seperate column for months where you have a windfall. So, I'll be able to factor in birthday money or unexpected backpay and get a more accurate view of my debts.
    I'm an American living in Oxford using the exchange rate to my advantage. (As of 4 Oct 2006: 1USD=1.88GBP)

    Debts at highest November 2004: $29,464.51 _pale_

    26 June 2006: Down to $17,701.27
    Private Student Loan: $3,073.61 (7.83%)
    US Federal Student Loan: $14,627.66 (5.3%)

    4 October 2006: Down to $11,622.66
    Private Student Loan: PAID IN FULL!
    US Federal Student Loan: $11,622.66 (5.38%)

    Debt Free Date: 27 September 2007, my 25th birthday!
    :dance:_party_:dance:
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    Errr you don't want to look at google. Apparently snowballing means something else on there!
  • Kateelizabee
    Kateelizabee Posts: 58 Forumite
    mr_fishbulb wrote:
    Errr you don't want to look at google. Apparently snowballing means something else on there!

    Haha, that's why I always look for "Snowball calculator"! :rotfl:
    I'm an American living in Oxford using the exchange rate to my advantage. (As of 4 Oct 2006: 1USD=1.88GBP)

    Debts at highest November 2004: $29,464.51 _pale_

    26 June 2006: Down to $17,701.27
    Private Student Loan: $3,073.61 (7.83%)
    US Federal Student Loan: $14,627.66 (5.3%)

    4 October 2006: Down to $11,622.66
    Private Student Loan: PAID IN FULL!
    US Federal Student Loan: $11,622.66 (5.38%)

    Debt Free Date: 27 September 2007, my 25th birthday!
    :dance:_party_:dance:
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