looking for a debt calculator

shibabigk · #1 (**permalink**) 09-29-2009, 11:49 AM

As I am making plans to save more and get out of debt, I have been using the bankrate calculators o see how long it will take me to pay of cc etc.
Is there a calculator somewhere that will allow me to see ho long it would take if monthly payments change?
What I mean is for example I plan to save $1000, by saving 250 each month, for that same period I'd pay $50 on a 2 credit cards each, once I have the $100, I'd pay 150 on one credit card, 50 on the second, once the first is paid off 250 on the second card. Now those are not my numbers, but I hope it makes sense :-)

I am sure some of you are smarte nough to come up with some math formula, but me, well let's say I am much better at plugging in numbers and have the computer do the rest.

Thanks!

creditcardfree · #2 (**permalink**) 09-29-2009, 12:03 PM

There is one on this site. Go to the Home Page. On the left side in the green boxes is a link for financial calculators.

You might try what's the cost snowball calculator, too. In fact, it may be better for what you are trying to do. Worth a try anyway, right?

Good luck.

mtsen · #3 (**permalink**) 10-09-2009, 07:15 AM

don't you already know excel ?

Savealot · #4 (**permalink**) 10-14-2009, 10:00 AM

That link is pretty good thanks.

BillK · #5 (**permalink**) 10-14-2009, 10:11 PM

Hi,
We recently added a dozen debt calculators to our site also at First Financial Help Offering Free Financial Advice

You can compare up to four loans at the same time as well as look at different amortization schedules.

Alex_Adviser · #6 (**permalink**) 10-31-2009, 12:32 AM

Hi there,
I have got a very useful link for you, in which you can get the debt calculator as well as you can have a debt reduction planner so that you will have all the idea about how to get off from debt.

Calculators - Debt reduction planner

LuxLiving · #7 (**permalink**) Yesterday, 08:42 PM

There's various calculators here at Saving Advice dot com at:

http://www.savingadvice.com/calculators/

Downfall · #8 (**permalink**) Today, 08:04 AM

This is a good spreadsheet consumerist ran a while back:

consumerist dot com/2008/08/use-snowball-method-spreadsheet-to-pay-off-debts. html

Change the 'dot' to a . and remove the space between the . and html. Sorry for the inconvenience, the site won't let me post links yet because I'm new.