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debt snowballer

I've heard a lot of people on here talk about debt snowballers and how they make sure you get the most bang for your repayment bucks and how this keeps you :j . So I googled it and gave it a go.

On the one hand I'm :mad: that at the rate I'm going I won't be debt free until Sept 12 (and that's assuming I manage not to incurr any new debt during that time). :eek: But on the other hand, I'm not sure the figures are right. :confused:

I've got a loan that's due to finish next March, but the snowballer says I won't pay it off until May. I've put in all the details that it asks for and the only thing I can think off is maybe payment date assumptions are throwing it out.

Anyway, I thought I'd start a thread and see if anyone could recommend a good snowballer site and if they had any pearls of wisdom on how to get the best out of them / snowballing in general. :D

(The site I used was http://www.whatsthecost.com/snowball.aspx)
Official DFW nerd 187 :T Highest debt Oct 06 £23,319 _pale_ Cleared end 09. :T
Student again now and trying to fight the debts that are creeping up again :eek:

Comments

  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    Thats the one that gets recomended by everyone on here:A
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
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