Where Does It Go? - UK Money Blog £ » Personal Loans http://www.where-does-it-go.com Keeping tabs on personal finance £1 at a time Thu, 23 Jul 2009 19:45:01 +0000 en hourly 1 http://wordpress.org/?v=3.0 Snowball Calculator http://www.where-does-it-go.com/budget-tips/snowball-calculator/20 http://www.where-does-it-go.com/budget-tips/snowball-calculator/20#comments Wed, 07 May 2008 15:45:16 +0000 Robert Brown http://www.where-does-it-go.com/20/uncategorized/snowball-calculator UK Money

Snowball Calculator

UK Money Snowball Calculator Carrying on with budgeting help, I came across this method named “Snowballing” which offers psychological methods to pay off debts.  If you have several debts, such as loans, credit cards and overdrafts you can use this method by paying the minimum fees on each, then using any remaining cash to tackle [...]]]> UK Money

Snowball Calculator

Carrying on with budgeting help, I came across this method named “Snowballing” which offers psychological methods to pay off debts.  If you have several debts, such as loans, credit cards and overdrafts you can use this method by paying the minimum fees on each, then using any remaining cash to tackle them one debt at a time.  You can choose to tackle the debt with the lowest balance (psychologically nice) or highest interest (mathematically best)

There is a Snowball Calculator around that can help you work out how much to save I think I’ll check it out.

snowball calculator for budgeting

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