How are you finding the SOA & Snowball Calculators at MSOC?

Clariman

Hi All

I haven't been here for ages. For those that don't know me, I am the author of the Statement of Affairs (SOA) and Snowball Calculators at makesenseofcards. I was wondering how everyone is getting on with using them, whether you have any suggestions for improvements or suggestions for any other useful calculators?

The 2 calcs in question are
http://www.makesenseofcards.com/soacalc.html
http://www.makesenseofcards.com/snowcalc.html

Clariman

Numpty_Monkey

I like them:T
I've been sending newbies there for a while
Thanks for all the hard work:T:A:T

Just a thaught about the SOA calc,
on a generic SOA form you get the section A,B,C,D type thing that have "trigger figures" any way of incorperating someting similar:o

Two9A

They're definitely very useful. I've fallen back on them a couple of times, when I've needed to sort out the figures. (I should probably use them on my current figures, to get the DFD right... )

I don't know if there's already a mortgage interest/repayment calculator on msoc, but it may be useful; just a thought.

Clariman

Numpty_Monkey wrote: »

Just a thaught about the SOA calc,
on a generic SOA form you get the section A,B,C,D type thing that have "trigger figures" any way of incorperating someting similar:o

Thanks Numpty Monkey. Can you clarify what you mean or provide a link to somewhere that explains it? Do you mean a figure that a creditor would see as acceptable/unacceptable in an SOA?

Thanks
C

Clariman

Two9A wrote: »

They're definitely very useful. I've fallen back on them a couple of times, when I've needed to sort out the figures. (I should probably use them on my current figures, to get the DFD right... )

I don't know if there's already a mortgage interest/repayment calculator on msoc, but it may be useful; just a thought.

I've written a debt repayment calculator which works out how long it will take you to pay off a debt, based on how much you can pay each month. It also works out how long it would take you to pay it off if you only made minimum payments (if a credit card). http://www.makesenseofcards.com/calcpay.html

Does that meet your needs or was it specifically a mortgage repayment one?

Numpty_Monkey

Clariman wrote: »

Thanks Numpty Monkey. Can you clarify what you mean or provide a link to somewhere that explains it? Do you mean a figure that a creditor would see as acceptable/unacceptable in an SOA?

Thanks
C

That's what I meant:o:T you is clever:D
and the A,B,C,D thing is something like this

Clariman

Hi Numpty, are those figures documented somewhere? I had previously thought about doing something like that, but didn't want to impose subjective views on what might be acceptable.

Numpty_Monkey

Not really offically I don't think so but someone with a furry face:whistle:
sent me a pic a while a go, (link in pm) maybe a 10% +/- margin

I know thinks change and circumstances alter things , just a rough outline will do:D

carkeyz

Just wanted to say how brilliant your site is! Well done x

Kayleighpea

Hi Clariman,

I havent used the SOA one but do use the Snowball Calculator.

The only problem I have found with it is that for my Halifax Overdraft for example, I have to pay £30 charges every month (£1 a day for the pleasure of using the overdraft), but if I put in the snowball that my min payment each month is this £30 a month, it looks like every month I am paying this amount off, when in fact I am just putting the money in to cover the charges coming out.

Is there any way to get round this? As my DFD can never be accurate if it thinks I am paying money off when I'm not!

Thank you

carkeyz

Kayleighpea wrote: »

Hi Clariman,

I havent used the SOA one but do use the Snowball Calculator.

The only problem I have found with it is that for my Halifax Overdraft for example, I have to pay £30 charges every month (£1 a day for the pleasure of using the overdraft), but if I put in the snowball that my min payment each month is this £30 a month, it looks like every month I am paying this amount off, when in fact I am just putting the money in to cover the charges coming out.

Is there any way to get round this? As my DFD can never be accurate if it thinks I am paying money off when I'm not!

Thank you

Hi Kayleigh, I would have thought that would have been an expense, not a debt if you see what I mean? x