DaveWays Free Credit Card Payoff Tracker,,,,,,,
"Fill in the white columns. The grey ones calculate themselves.",,,,,,,
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Card or account,Balance,APR (%),Minimum payment,Interest this month,Interest per year,Snowball order,Avalanche order
Example: Store card,1200,24.99,35,"=IF(B5="""","""",B5*C5/100/12)","=IF(B5="""","""",B5*C5/100)","=IF(B5="""","""",RANK(B5,$B$5:$B$14,1))","=IF(C5="""","""",RANK(C5,$C$5:$C$14,0))"
,,,,"=IF(B6="""","""",B6*C6/100/12)","=IF(B6="""","""",B6*C6/100)","=IF(B6="""","""",RANK(B6,$B$5:$B$14,1))","=IF(C6="""","""",RANK(C6,$C$5:$C$14,0))"
,,,,"=IF(B7="""","""",B7*C7/100/12)","=IF(B7="""","""",B7*C7/100)","=IF(B7="""","""",RANK(B7,$B$5:$B$14,1))","=IF(C7="""","""",RANK(C7,$C$5:$C$14,0))"
,,,,"=IF(B8="""","""",B8*C8/100/12)","=IF(B8="""","""",B8*C8/100)","=IF(B8="""","""",RANK(B8,$B$5:$B$14,1))","=IF(C8="""","""",RANK(C8,$C$5:$C$14,0))"
,,,,"=IF(B9="""","""",B9*C9/100/12)","=IF(B9="""","""",B9*C9/100)","=IF(B9="""","""",RANK(B9,$B$5:$B$14,1))","=IF(C9="""","""",RANK(C9,$C$5:$C$14,0))"
,,,,"=IF(B10="""","""",B10*C10/100/12)","=IF(B10="""","""",B10*C10/100)","=IF(B10="""","""",RANK(B10,$B$5:$B$14,1))","=IF(C10="""","""",RANK(C10,$C$5:$C$14,0))"
,,,,"=IF(B11="""","""",B11*C11/100/12)","=IF(B11="""","""",B11*C11/100)","=IF(B11="""","""",RANK(B11,$B$5:$B$14,1))","=IF(C11="""","""",RANK(C11,$C$5:$C$14,0))"
,,,,"=IF(B12="""","""",B12*C12/100/12)","=IF(B12="""","""",B12*C12/100)","=IF(B12="""","""",RANK(B12,$B$5:$B$14,1))","=IF(C12="""","""",RANK(C12,$C$5:$C$14,0))"
,,,,"=IF(B13="""","""",B13*C13/100/12)","=IF(B13="""","""",B13*C13/100)","=IF(B13="""","""",RANK(B13,$B$5:$B$14,1))","=IF(C13="""","""",RANK(C13,$C$5:$C$14,0))"
,,,,"=IF(B14="""","""",B14*C14/100/12)","=IF(B14="""","""",B14*C14/100)","=IF(B14="""","""",RANK(B14,$B$5:$B$14,1))","=IF(C14="""","""",RANK(C14,$C$5:$C$14,0))"
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TOTALS,"=SUM(B5:B14)",,"=SUM(D5:D14)","=SUM(E5:E14)","=SUM(F5:F14)",,
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What this tells you,,,,,,,
Total owed,=B16,,,,,,
Total minimums each month,=D16,,,,,,
Interest cost each month,=E16,,,,,,
Interest cost each year,=F16,,,,,,
Extra you can add each month (type it here),0,,,,,,
Total going to debt each month,=D16+B22,,,,,,
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How to use it,,,,,,,
"1. List every card. Balances and APR are on your statement.",,,,,,,
"2. Column G ranks smallest balance first. That is the snowball order.",,,,,,,
"3. Column H ranks highest APR first. That is the avalanche order.",,,,,,,
"4. Pick one column and follow it. Pay minimums on everything else.",,,,,,,
"5. Update balances once a month. That is the whole routine.",,,,,,,
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"Educational tool only. Not financial, tax, legal, or credit advice.",,,,,,,
DaveWays - operated by MIRAI YUSHUTSU GLOBAL VENTURE LLP - support@daveways.com,,,,,,,