Debt & Loan Elimination Strategy v1.0

 

 

About the Model

This is an Excel spreadsheet which allows you to enter your own debts and amounts to calculate and optimise your own debt elimination plan

 

Before running the model you will need to gather together all your debt information as this will need to be inputed before optimising. The next step is to define and enter your debts in the inputs page You will also need to enter the start date of your debt elimination strategy (i.e. the date corresponding to your debt balance)

 

You need to decide how much extra money you can put toward paying off your debts. This is called the accelerator margin and it is a major catalyst in paying off debts much faster than you ever thought possible! The accelerator margin is usually expected to grow as your earnings grow (although due to gearing your accelerator might grow faster than your earnings. This means that you can pay off your debts even quicker and therefore save more money!

 

The model gives you an option to experiment with 7 pre-defined strategies or even create your own strategy to try and beat the pre-defined!

 

Good luck and happy savings!

 

 

System Requirements

Windows 98/Me/NT/2000/XP/Vista or later and;

Microsoft Excel version 2000 or later.

 

 

About the Author

Excel Specialists have created this model.

 

We can customize this model further in order to meet your needs, for example

 

- We can add more loans/debts(currently up 10)

- We create a customised version where one-off payments at specific times are allowed for

- We can create monthly.year specific outputs

 

For more details please see our Product Adaptations page.

 

 

Disclaimer

The information generated and included in the above model is for illustrative purposes only. We do not guarantee the results or whether they are applicable to your own unique financial situation. We strongly advise that you should seek the advice of qualified professionals regarding any financial decisions.