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Whatsthecost Snowball Calculator
Compost
Posts: 1 Newbie
Hiya
Just came across the snowball calculator from whatsthecost dot com and wondered if someone could help me.
Is it possible to use this calculator when you have a balance on a CC with two different APRs. IE 0% on 2k for another 12 months and 18.9% on £800
I know I can do two separate entries for the two APR balances, but does this give an accurate result?
Just came across the snowball calculator from whatsthecost dot com and wondered if someone could help me.
Is it possible to use this calculator when you have a balance on a CC with two different APRs. IE 0% on 2k for another 12 months and 18.9% on £800
I know I can do two separate entries for the two APR balances, but does this give an accurate result?
0
Comments
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It doesn't give an exactly accurate result. because it assumes you are paying 2.5% (or whatever) off the £2k at 0%, when in reality that is being allocated against the 18.9% balance.
I don't think any of the online snowball calcs allow for modelling this situtation, but if you do as 2 separate entries then you'll know that reality will be a bit better than it shows.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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