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The Debt Snowball Worksheet Answer Key Form

The Debt Snowball Worksheet Answer Key Form

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hi this is Deacon haste from well-kept wallet and today we're gonna talk about how to create a debt snowball using the debt elimination form spreadsheet from well kept wallet so as you can see I've already filled it out to make it easy and save you time so the idea of the dead snowball is you're gonna want to list your debts smallest to largest regardless of the interest rate so you can see I don't even have the interest rate on here so it doesn't cause confusion to keep things as simple as possible so you can see the first debt is visa for $200 that a Macy's card for $400 and it goes on from there you can also see we put all the minimum payments right next to that and then we have what's called the snowball payment all the snowball payment is is your extra cash or your surplus plus your minimum payment and that comes out there's no mobile payment so you can see in John scenario here he has an extra hundred dollars so you

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