Friday, January 8, 2010

Day 8: Create a Debt Spreadsheet

Mommysavers suggests to make a Spreadsheet of our debt using the following columns.

Column A- Name of Debtor
Column B - Interest Rate
Column C - Balance
Column D - Minimum Payment
Column E - Budgeted Payment

Then Add up Column C to find out how much you owe and Column D to find out how much your minimum payment due every month is.

Ours was what I already knew it would be I hope yours is too! My goal is to pay it by at least 10% this year!

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