»

Snowball tracker. Interest & minimum payment.

New Post Advanced Search

Coronavirus: The latest from MSE


The MSE team is working extremely hard to keep the info we have about your travel rights, cancellation rights, sick pay (and more) up to date.
The official MSE guides: NEW MSE Coronavirus Guides

NEWSFLASH 31/3
RESCUE FLIGHTS FOR STRANDED BRITS * SCHOOL MEALS VOUCHERS * BRIGHTHOUSE COLLAPSES

Snowball tracker. Interest & minimum payment.

NaomimNaomim Forumite
1.4K posts
Part of the Furniture 1,000 Posts Photogenic Name Dropper
✭✭✭
I recently moved some money on my credit cards and re-did my snowball with whatsthecost however, my Tesco credit card minimum payment is 1% of the balance plus the interest.  

How do I account for this on a snowball as usually it's asking for a fixed amount or percentage.

It's thrown out my forecasting on my bank account.  The good thing is, I checked what the payment due next month is so at least I wont have a nasty surprise. 

Naomim 

Credit Cards
NOV 2019 £33,220.42
FEB 2020 £32,386.01
Overdraft
NOV 2019 £4581.92
FEB 2020 £4274.34
March Grocery Challenge £308.26/£425.00
Here's my diary: A Ditherer's Diary Again
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support