Debt Reduction Spreadsheet Squawkf

Debts
List all of your debts. Enter the balance you owe, annual interest rate, and required monthly payment for each.
Update spreadsheet as you pay off your debts. Add more rows if needed.

Creditor Balance Interest Rate Monthly Payment

VISA Credit Card $3,225.34 19.50% $135.00
MC Credit Card $800.00 18.00% $16.00
Car Loan $8,000.00 3.25% $350.00
Student Loan $17,312.00 7.00% $250.00
Total $29,337.34 7.65% $751.00

Budgeted Amount
Enter the amount you have available in your budget each month for debt repayment.
This amount needs to be at greater or equal to the total required monthly payments above.

Amount
Repayment Budget $1,000.00

Totals & Summary

A calculated summary of your total debts and what you have available to pay them back.
If your extra repayments are negative, you're not making your minimum payments and need to re-budget!

Amount
Total Debt: $29,337.34
Average Interest Rate: 7.65%
Average Monthly Interest: $187.07

Total Monthly Payments: $751.00

Amount Available: $1,000.00
Extra Repayments: $249.00

Debts by Amount

11%

3%

27%
59%

VISA Credit Card MC Credit Card Car Loan Student Loan

Repayment Strategies
Pick your debt to repay. Either pay off the debt with the highest interest rate, or the one with the smallest balance.

Highest Interest Rate First:

Creditor Balance Interest Rate Monthly Payment
VISA Credit Card $3,225.34 19.50% $135.00

Lowest Balance First:

Creditor Balance Interest Rate Monthly Payment
MC Credit Card $800.00 18.00% $16.00
 Squawkfox .com

nt for each.

% of Total
5.40%
1.34%
13.41%
29.01%
49.16%
mallest balance.

New Payment
$384.00
New Payment
$265.00