Idea for DFWs

lazy&indebt

Hi Everyone,

Don't know if any of you have done this yet or even if there has been a post about it (i'm relatively new!) but I've come up with a little table that is spurring me on to carry on and chip away at those debts.
I have worked out how much I will owe ever six months (approx) until my debt is clear and if I carry on paying the minimum, that way, i can look at JUN 07 for instance and if i owe less than what is on the table, then I can give myself a pat on the back! Plus, it reminds you that you will pay them off eventually, even if it will take a while. it looks something like this:

Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09


CAR 6,985.98 6,082.68 5,179.38 4,276.08 3,372.78 0.00 0.00

LOAN 4,853.00 4,355.00 3,857.00 3,359.00 2,861.00 2,363.00 1,865.00

CARD 2,648.87 2,348.87 2,048.87 1,748.87 1,448.87 1,148.87 848.87

TOTAL: 14,487.85 12,786.55 11,085.25 9,383.95 etc etc

I don't think it has come out too well, but do you get me?!:p

lazy&indebt

no that really didn't come out too well, copied it from an excel spreadsheet...hope it makes sense!!

ms_london

I think everyone on DFW has a spreadsheet :0) - so no, you are not alone & yes, it is a fab idea!! It really helps when you can see your debt going down, or what it will be in X month... You are doing a fab job, keep up the good work!! xx

**purpleprincess**

I've got a spreadsheet and am quite obsessive about it, looking at it all the time, like looking at it will miraculously make those figures go down!!!:rotfl:

I've got a summary on mine so that I can see the debt going down each month. Getting there!!:j

Good luck!:beer:

lipidicman

You need to graph those figures.

Graphs rule!

tru

**purpleprincess** wrote:

I've got a spreadsheet and am quite obsessive about it, looking at it all the time, like looking at it will miraculously make those figures go down!!!:rotfl:

I've got a summary on mine so that I can see the debt going down each month.

Me too :rotfl:

tru

lipidicman wrote:

You need to graph those figures.

Graphs rule!

Oooh just off to try that

lazy&indebt

I'm glad I'm not the only one geekily obsessed with excel! I've got everything on mine, a budget planner, amount of debt I owe, how much I've saved, spending diary, the thing I posted above and a little section that works out how much I will earn per month after tax depending on what my yearly salary is using my tax code!!

Definately going to do the graph now!!!

Old_iron_balls

**purpleprincess** wrote:

I've got a spreadsheet and am quite obsessive about it, looking at it all the time, like looking at it will miraculously make those figures go down!!!:rotfl:

I've got a summary on mine so that I can see the debt going down each month. Getting there!!:j

Good luck!:beer:

me too. im completely obsessed :rolleyes:
i look at it every day without fail. great to watch them balances go down.
good for a reality check as well when the temptation to spend kicks in

QueenB.

I have not done that, have to say for some reason i am alittle unsure about them, but i will re-think my feelings as it is great motivation to watch the debt go down and it helps to keep the end goal in mind.

Love the graph idea very visual

gabs41

Did you design your own spreadsheet or download one??
thanks