Snowball Calculator Shock

NikkeiJones

Part of the problem with being in debt is the feeling that the road is never ending, that no matter how much you struggle to get back on top of it, there's still no silver lining. Around half an hour ago that was me!!!! I was reading through some of the threads on MSE and saw someone mention a snowball calculator. Curiosity got the better of me and I decided to give it ago, feeling doomed to the sickly feeling you get in your stomach when your expecting the very worse...

We could be debt free in between 23 and 34 months!!!!!! Imagine me happy dancing in my living room. I know the road is going to be bumpy and sticking to budget is going to be hard, but what an amazing motivation!!!

I'm so excited now, I'm thinking of lots of ideas to raise extra pennies as I type, make £10 a day thread here I come. For those that haven't tried the snowball calculator please try it, it might be your light at the end of the tunnel calling!!!!!!

wigwam

Glad you are feeling positive, snowballing is definately working for me - even though my biggest debt is the highest APR I am happy in the knowledge that if I can clear that one first then the rest wont be so bad!
Just think of it as one debt at a time!

drewdrop

The start is hard but it does pass and it does get easier ( exc vet bills lol ). I have been debt free for a year in 1 month and it still feels great to be w/o them, good luck xxx

Fedupofbeingindebt

This is a great thread - it's amazing how you feel after you've done your snowball calculator. The relief of how quickly you can become debt free is fantastic so I can totally understand you dancing in the living room! I wish you all the best of luck on your debt free journey

NikkeiJones

Thanks for all of your comments! Dewdrop that is a great achievement you must be so happy. I can't wait to be just like you! I've had one of the worst weeks ever, I lost my dad to his battle with Parkinsons last Sunday and have spent most of the week in and out of hospital with my other half (suspected stomach ulcer) and then my exhaust broke off my car (£200 later it's replaced) so I felt the weight of everything on my shoulders. Now although I'm still sad at the loss of my dad, there is hope for the future. I could be marrying my soul mate in 2 and a half years, something I didn't think we would ever be able to afford (we've been together 8 years) I feel so inspired now, something I haven't felt in so long!!!! Good luck to everyone on your snow balling missions!!!!

loopylouc

Nikkei what an awful week you have had - so happy for you that you have had a boost from the snowball calculator. I checked mine again last week and from the extra payments we've been able to make as well as snowballing we've cut 3 months off our debt free day. Still a while off yet but this has taken it in the year before it should have been. So my advice would be keep snowballing and when you've been able to make any additional payments check back to see what a difference it has made - certainly keeps me motivated.
Good luck

canidothis

Ive found two snowball calculators online - which is the best one?

NikkeiJones

Hi Loopylouc,

That's brilliant you must be well chuffed!!!! I was sat playing with the figures yesterday on the calculator seeing what paying different amounts would do. It gives you a giddy feeling in your stomach doesn't it!!! Ideally we want to try and pay £1000 onto debt each month if not more and this time next year I can start wedding planning!!! I feel like i've been living in shadows and now there's daylight!!! So when is your estimated debt free date now lovely???

_Persephone

I had my lightbulb moment relatively recently and have found the same thing.

The snowball calculator is addictive! When I feel a bit down I just load it up and look at the balances decreasing. If I make any extra money, I almost immediately factor that in too. It's great!

@canidothis - I use the one on https://www.makesenseofcards.com

canidothis

@canidothis - I use the one on www.makesenseofcards.com[/QUOTE]


i cant quite get my head around the snowball calculator think I need some help. Do you load it up each and every time you go on the website or are you able to save the month by month breakdown somewhere? I just cant seem to save the sheet anywhere that is readable.

I want to get excited about an earlier DFD but think Im not using it in the same way as others:o

NikkeiJones

Hi CanIdothis, If you register it will allow you to save it. You can copy and paste into excel as well but it doesn't copy in 100% correctly so you will need to move columns into the right place but it should be ok as long as you keep it open to check it's correct. Good Luck!!!!