debt free date calculator

robb_2

Hi can someone point me in the direction of the debt free calculator i have read about on here ,cant find it thanks

giddykipper

Do you mean the snowball calculator?

http://www.whatsthecost.co.uk/snowball.aspx

HTH

Jo x

pudding06

Hi Robb,

Its not a calender as such, its a snowball calculator. You go to http://www.whatsthecost.co.uk/snowball.aspx and input your debts one by one and it calculates whne your debt free date is according to how much you can pay.

Its very interesting to do it first with minimum payments - try it you may get a bit of a surprise!!!!! I have one credit card which wouldnt get paid off with min payments within 100 years!!!!

if you want to save snowballs, you need to register, but its safe to do so. just means you can retrieve them to update after a month.

good luck - try doing it

pudds

robb_2

Thanks very much,found it and inputed my debts ,did get a surprise and will be using the figures it gave me to make a start on my debt free journey!!!!!!!

LookingAhead

Good luck Robb!

bobbie78

You also might want to look at these calculators which help you realise if you spend your money on certain things, what you might end up missing out on.

raq

bobbie78 wrote:

You also might want to look at these calculators which help you realise if you spend your money on certain things, what you might end up missing out on.

This is a pretty good site, just been into it. Another site you can't pull yourself away from

SunderlandBlackCat

bobbie78 wrote:

You also might want to look at these calculators which help you realise if you spend your money on certain things, what you might end up missing out on.

:eek: According to the long term savings calculator, if I put two thirds of the money I currently shovel into debt repayments into those 12+% regular savings accounts every month & don't make any withdrawals I'll be a millionaire before I reach retirement age .

Shame those accounts only last for a year but theres always things like Maxi ISA's for long term I suppose.

Roll on July when I've cleared my debts & can start saving.