Professional Documents
Culture Documents
http://www.vertex42.com/Calculators/debt-reduction-calculator.html
Balance Date:
Row
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
9/30/2012
Rate
24.99%
26.99%
0.00%
11.24%
29.99%
12.24%
18.99%
9.90%
26.99%
26.99%
3.8750%
Payment
85.00
36.00
25.00
52.44
138.00
96.00
100.00
212.00
113.00
75.00
672.32
Custom
2
1
3
5
4
Interest-only
58.65
24.93
0.00
25.49
97.34
47.37
77.32
82.50
78.25
10.01
344.33
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total:
Monthly Payment
Initial Snowball
Strategy:
142,470.29
Total:
1,604.76
2,041.00 .
$
436.24
1
Creditors in
Original
Chosen Order
Balance
CREDIT CARE (PET'S)
444.83
HOME DEPOT
1,108.02
CITI DIAMOND
1,846.99
CITI CARD
2,720.90
LOWE'S
2,816.06
J.C. PENNY'S
3,478.87
MAKE A WISH BOA 1
3,894.62
BOA 2
4,644.08
DISCOVER
4,885.92
WELLS FARGO
10,000.00
Woodmark
106,630.00
-
Total Interest
Paid
10.00
53.14
167.67
475.11
873.63
1,364.59
785.41
1,500.75
1,705.05
17,268.75
-
Months to
Pay Off
1
3
6
7
10
14
17
19
22
27
79
-
Month Paid
Off
Oct-12
Dec-12
Mar-13
Apr-13
Jul-13
Nov-13
Feb-14
Apr-14
Jul-14
Dec-14
Apr-19
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Vertex42.com
http://www.vertex42.com/Calculators/debt-reduction-calculator.html
444.83
1,108.02
26.99%
1,846.99
26.99%
75.00
######
9.90%
100.00
79
Apr-19
17,268.75
.
672.32
27
Dec-14
1,705.05
.
3.88%
212.00
22
Jul-14
1,500.75
.
Woodmark
10,000.00
18.99%
785.41
.
WELLS FARGO
4,885.92
96.00
19
Apr-14
1,364.59
.
DISCOVER
12.24%
138.00
17
Feb-14
873.63
.
BOA 2
4,644.08
29.99%
113.00
14
Nov-13
475.11
.
3,894.62
26.99%
85.00
10
Jul-13
167.67
.
3,478.87
24.99%
7
Apr-13
2,816.06
52.44
6
Mar-13
53.14
.
11.24%
25.00
3
Dec-12
10.00
LOWE'S
2,720.90
36.00
1
Oct-12
.
CITI CARD
Total Interest:
Monthly Payments
No.
Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
100.00
100.00
100.00
100.00
100.00
100.00
2000.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
2000.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
454.83
-
192.41
647.24
321.51
-
CITI DIAMOND
25.00
25.00
350.73
672.24
672.24
101.78
-
CITI CARD
52.44
52.44
52.44
52.44
52.44
622.90
2003.47
-
LOWE'S
85.00
85.00
85.00
85.00
85.00
85.00
706.21
809.68
809.68
455.60
-
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
960.30
1060.68
1060.68
383.55
-
BOA 2
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
773.13
1156.68
1963.68
-
DISCOVER
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
1193.00
1256.68
1256.68
880.31
-
WELLS FARGO
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
588.37
1468.68
1468.68
1468.68
1468.68
789.96
-
Woodmark
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
1351.04
2141.00
2141.00
2141.00
2141.00
2041.00
2041.00
2041.00
2041.00
2041.00
2041.00
2041.00
2041.00
2041.00
2041.00
2041.00
2041.00
Interest
CREDIT CAREHOME
(PET'S)
DEPOTCITI DIAMONDCITI CARD
-
444.83
-
1108.02
940.53
314.44
-
1846.99
1821.99
1796.99
1446.26
774.02
101.78
-
2720.90
2693.95
2666.74
2639.28
2611.56
2583.58
1984.88
-
LOWE'S
2816.06
2789.70
2762.80
2735.34
2707.30
2678.68
2649.46
1998.43
1230.37
446.31
-
3894.62
3853.95
3812.27
3769.54
3725.75
3680.86
3634.85
3587.69
3539.35
3489.80
3439.02
3386.97
3333.62
3278.93
2400.58
1399.89
374.20
-
4644.08
4595.45
4546.32
4496.69
4446.56
4395.91
4344.75
4293.07
4240.86
4188.12
4134.84
4081.02
4026.65
3971.72
3916.23
3860.18
3803.55
3069.22
1943.85
-
DISCOVER
4885.92
4863.24
4840.20
4816.80
4793.03
4768.88
4744.35
4719.43
4694.11
4668.39
4642.27
4615.73
4588.77
4561.39
4533.57
4505.31
4476.61
4447.45
4417.83
3294.74
2090.20
866.60
-
WELLS FARGOWoodmark
10000.00
9870.50
9739.93
9608.28
9475.55
9341.72
9206.79
9070.75
8933.58
8795.28
8655.84
8515.25
8373.50
8230.58
8086.48
7941.19
7794.70
7647.01
7498.10
7347.96
7196.58
7043.95
6513.69
5098.75
3672.13
2233.75
783.50
-
######
######
######
######
######
######
######
######
######
######
######
######
######
######
######
######
######
######
######
######
99864.95
99515.11
99164.14
98812.04
98458.80
98104.42
97748.90
96713.51
94884.81
93050.21
91209.68
89363.21
87610.78
85852.69
84088.92
82319.46
80544.28
78763.37
76976.71
75184.28
73386.06
71582.04
69772.19
CREDIT CARE
HOME
(PET'S)
DEPOT
CITI DIAMOND
CITI CARD LOWE'S
0.00
-
0.00
-
0.00
-
0.00
-
0.00
-
0.00
-
0.00
-
0.00
-
0.00
-
10.00
-
24.92
21.15
7.07
-
25.49
25.23
24.98
24.72
24.46
24.20
18.59
-
58.64
58.10
57.54
56.96
56.38
55.78
55.18
41.62
25.62
9.29
-
J.C. PENNY'S
MAKE A WISH
BOA
BOA
2 1
78.25
77.46
76.66
75.85
75.01
74.16
73.28
72.39
71.48
70.54
61.62
42.26
22.46
2.21
-
97.33
96.32
95.27
94.21
93.11
91.99
90.84
89.66
88.45
87.22
85.95
84.65
83.31
81.95
59.99
34.99
9.35
-
47.37
46.87
46.37
45.87
45.35
44.84
44.32
43.79
43.26
42.72
42.18
41.63
41.07
40.51
39.95
39.37
38.80
31.31
19.83
-
82.50
81.43
80.35
79.27
78.17
77.07
75.96
74.83
73.70
72.56
71.41
70.25
69.08
67.90
66.71
65.51
64.31
63.09
61.86
60.62
59.37
58.11
53.74
42.06
30.30
18.43
6.46
-
344.33
343.27
342.20
341.14
340.07
339.00
337.92
336.84
335.76
334.67
333.58
332.49
331.39
330.29
329.18
328.07
326.96
325.85
324.73
323.61
322.48
321.35
320.22
319.08
317.94
316.80
315.65
312.30
306.40
300.47
294.53
288.57
282.91
277.23
271.54
265.82
260.09
254.34
248.57
242.78
236.98
231.15
Extra Payment
846.15
826.79
807.04
794.25
788.40
782.51
771.17
733.81
712.55
690.88
668.20
644.32
619.93
595.04
567.57
539.24
510.26
490.63
476.33
436.37
414.93
393.17
373.96
361.14
348.24
335.23
322.11
312.30
306.40
300.47
294.53
288.57
282.91
277.23
271.54
265.82
260.09
254.34
248.57
242.78
236.98
231.15
75.00
-
36.00
36.00
36.00
-
25.00
25.00
25.00
25.00
25.00
25.00
-
52.44
52.44
52.44
52.44
52.44
52.44
52.44
-
85.00
85.00
85.00
85.00
85.00
85.00
85.00
85.00
85.00
85.00
-
J.C. PENNY'S
MAKE A WISH
BOA
BOA
2 1 DISCOVER WELLS FARGO
Woodmark
113.00
113.00
113.00
113.00
113.00
113.00
113.00
113.00
113.00
113.00
113.00
113.00
113.00
100.38
-
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
138.00
-
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
96.00
-
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
-
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
212.00
-
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
TOTAL
-
1604.76
1529.76
1529.76
1493.76
1493.76
1493.76
1468.76
1416.32
1416.32
1416.32
1331.32
1331.32
1331.32
1318.70
1218.32
1218.32
1218.32
1080.32
1080.32
984.32
984.32
984.32
884.32
884.32
884.32
884.32
884.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
672.32
CREDIT CARE
HOME
(PET'S)
DEPOT
CITI DIAMOND
CITI CARD LOWE'S
379.83
-
156.41
611.24
285.51
-
325.73
647.24
647.24
76.78 570.46
1951.03
-
621.21
724.68
724.68
370.60
-
J.C. PENNY'S
MAKE A WISH
BOA
BOA
2 1 DISCOVER WELLS FARGO
Woodmark
354.08
809.68
809.68
809.68
-
822.30
922.68
922.68
245.55 677.13
1060.68
1867.68 1093.00
1156.68
1156.68
780.31 376.37
1256.68
1256.68
1256.68
1256.68
577.96 678.72
1468.68
1468.68
1468.68
1468.68
1368.68
1368.68
1368.68
1368.68
1368.68
1368.68
1368.68
1368.68
1368.68
1368.68
1368.68
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
Monthly Payments
No.
Month
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
CITI DIAMOND
-
CITI CARD
-
LOWE'S
-
BOA 2
-
DISCOVER
-
WELLS FARGO
-
Woodmark
-
Interest
CREDIT CAREHOME
(PET'S)
DEPOTCITI DIAMONDCITI CARD
-
LOWE'S
-
DISCOVER
-
WELLS FARGOWoodmark
-
CREDIT CARE
HOME
(PET'S)
DEPOT
CITI DIAMOND
CITI CARD LOWE'S
-
J.C. PENNY'S
MAKE A WISH
BOA
BOA
2 1
-
Extra Payment
J.C. PENNY'S
MAKE A WISH
BOA
BOA
2 1 DISCOVER WELLS FARGO
Woodmark
-
TOTAL
-
CREDIT CARE
HOME
(PET'S)
DEPOT
CITI DIAMOND
CITI CARD LOWE'S
-
J.C. PENNY'S
MAKE A WISH
BOA
BOA
2 1 DISCOVER WELLS FARGO
Woodmark
-
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
$3,500.00
$3,000.00
$2,500.00
$2,000.00
$1,500.00
$1,000.00
$500.00
$-
Interest Due
Order of Payments
This worksheet is used to rank and order the debts according to either minimum balance or highest interest rate.
The purpose for using this method is to avoid VBA macros and allow the use of the drop-down boxes for the strategy.
Original List
Column
1
2
3
4
5
6
7
Creditor
LOWE'S
HOME DEPOT
CITI DIAMOND
CITI CARD MAKE A WISH
BOABOA
2 1 DISCOVER
Balance
2816.06 1108.02 1846.99
2720.9 3894.62 4644.08 4885.92
Percent
24.99%
26.99%
0.00%
11.24%
29.99%
12.24%
18.99%
Custom
2
1
3
5
4
0
0
Include
TRUE
TRUE
TRUE
TRUE
TRUE
TRUE
TRUE
Length of Array:
20
Truncated List
Column
1
2
3
4
5
6
7
Creditor
LOWE'S
HOME DEPOT
CITI DIAMOND
CITI CARD MAKE A WISH
BOABOA
2 1 DISCOVER
Balance
2816.06 1108.02 1846.99
2720.9 3894.62 4644.08 4885.92
Percent
24.99%
26.99%
0.00%
11.24%
29.99%
12.24%
18.99%
Custom
2
1
3
5
4
0
0
Length of Array:
11
RANK Min Bal
5
2
3
4
7
8
9
RANK High Perc
5
2
11
8
1
7
6
RANK Custom-Highest1st
4
5
3
1
2
6
6
RANK Custom-Lowest1st
8
7
9
11
10
1
1
Minimum BALANCE First
Order
1
Column
10
Rank
1
Sorted Trunc Columns:
10
Sorted Orig Columns:
10
Sorted Ranks
1
# of Same Rank
1
First
1
Position of First
0
Percent
26.99%
Relative %Rank
1
Relative Sorted Column
1
1
5
1
5
5
2
2
2
2
2
2
1
2
0
26.99%
1
1
2
2
2
2
2
3
3
3
3
3
3
1
3
0
0.00%
1
1
4
4
4
4
4
4
1
4
0
11.24%
1
1
5
1
5
1
1
5
1
5
0
24.99%
1
1
6
9
6
9
9
6
1
6
0
26.99%
1
1
7
5
7
5
5
7
1
7
0
29.99%
1
1
5
1
5
1
1
6
7
6
7
7
7
6
7
6
6
3
#N/A
#N/A
2
9
9
2
10
10
Order
Column Index
Rank
Sorted Trunc Columns:
Sorted Orig Columns:
1
4
1
4
4
1
6
1
6
6
Sorted Columns:
10
2
5
2
5
5
3
3
3
3
3
4
1
4
1
1
1
9
9
1
10
10
1
11
11
#N/A
6
7
7
1
8
8
#N/A
7
#N/A
1
7
7
#N/A
6
6
6
6
6
7
2
7
2
2
#N/A
5
2
5
2
2
#N/A
8
9
10
11
12
WELLS FARGO
J.C. PENNY'S
CREDIT CARE
Woodmark
(PET'S) Kentwood
10000 3478.87
444.83
106630
0
9.90%
26.99%
26.99%
3.88%
0.00%
0
0
0
0
0
TRUE
TRUE
TRUE
TRUE
FALSE
13
0
0
0.00%
0
FALSE
14
0
0
0.00%
0
FALSE
15
0
0
0.00%
0
FALSE
16
0
0
0.00%
0
FALSE
17
0
0
0.00%
0
FALSE
8
9
10
11
WELLS FARGO
J.C. PENNY'S
CREDIT CARE
Woodmark
(PET'S)
10000 3478.87
444.83
106630
9.90%
26.99%
26.99%
3.88%
0
0
0
0
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
10
9
6
1
6
2
6
1
1
2
6
1
11
10
6
1
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
8
6
8
6
6
8
1
8
0
12.24%
1
1
9
7
9
7
7
9
1
9
0
18.99%
1
1
10
8
10
8
8
10
1
10
0
9.90%
1
1
11
11
11
11
11
11
1
11
0
3.88%
1
1
12
#N/A
21
12
#N/A
21
9
21
0
0.00%
1
1
13
#N/A
21
13
#N/A
21
9
dup
-1
0.00%
1
FALSE
14
#N/A
21
14
#N/A
21
9
dup
-2
0.00%
1
FALSE
15
#N/A
21
15
#N/A
21
9
dup
-3
0.00%
1
FALSE
16
#N/A
21
16
#N/A
21
9
dup
-4
0.00%
1
FALSE
17
#N/A
21
17
#N/A
21
9
dup
-5
0.00%
1
FALSE
8
4
8
4
4
9
8
9
8
8
10
11
10
11
11
11
3
11
3
3
12
#N/A
21
12
#N/A
13
#N/A
21
13
#N/A
14
#N/A
21
14
#N/A
15
#N/A
21
15
#N/A
16
#N/A
21
16
#N/A
17
#N/A
21
17
#N/A
8
6
8
8
6
9
9
10
#N/A
6
10
10
8
1
8
1
1
9
3
9
3
3
10
5
10
5
5
11
4
11
4
4
12
#N/A
21
12
#N/A
13
#N/A
21
13
#N/A
14
#N/A
21
14
#N/A
15
#N/A
21
15
#N/A
16
#N/A
21
16
#N/A
17
#N/A
21
17
#N/A
11
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
9
#N/A
11
#N/A
6
11
11
12
#N/A
21
12
#N/A
13
#N/A
21
13
#N/A
14
#N/A
21
14
#N/A
15
#N/A
21
15
#N/A
16
#N/A
21
16
#N/A
17
#N/A
21
17
#N/A
18
0
0
0.00%
0
FALSE
19
0
0
0.00%
0
FALSE
20
0
0
0.00%
0
FALSE
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
21
21
21
21
21
21
21
21
21
21
21
21
18
#N/A
21
18
#N/A
21
9
dup
-6
0.00%
1
FALSE
19
#N/A
21
19
#N/A
21
9
dup
-7
0.00%
1
FALSE
20
#N/A
21
20
#N/A
21
9
dup
-8
0.00%
1
FALSE
18
#N/A
21
18
#N/A
19
#N/A
21
19
#N/A
20
#N/A
21
20
#N/A
18
#N/A
21
18
#N/A
19
#N/A
21
19
#N/A
20
#N/A
21
20
#N/A
18
#N/A
21
18
#N/A
19
#N/A
21
19
#N/A
20
#N/A
21
20
#N/A
#N/A
#N/A
#N/A