Could you share the formula on linking the personal budget course with bills to link with this snowball debt spreadsheet? This stuff was extremely helpful for me.
This is awesome! Thanks for sharing the excel document. You may have it in your course, but do you happen to have a budget excel document that operates I similar manner with inputs?
I think I found one mistake in your worksheet, I might be wrong but can you please check. I am refering same example in this video @10:26 if you see last payment of credit card 1 is 63.24 but payment 37 for credit card 2 should be 125+200-63.24. Can you please let me know if payment 37 for credit card 2 should be 325 or 325-63.24 as we are still paying out the credit card 1.
I'm currently working out a solution to this one as I had spotted the same issue, additionally if you had over paid on a debt it should allow the additional payment to go towards the next date immediately rather than waiting for the next month... I may respond again once I figure this out myself :-)
Thanks for your wonderful workbook. I was wondering if you can apply a different payoff strategy to your workbook. I would like to compare paying lowest balance first vs highest interest first.
can you make a one time payment without going over to the next loan? I want to make a big payment one time only and I don't to add to the next loan, please help
Yes, if you are good with excel you can add an additional column in the data table and then where your calculations are the very top row on Payments after the (brackets) reference the cell you have added the additional one off payment. I have done this and works well. My formular is: =IF($G$14=0,P$13,P$13+$G$14)+K4 (NOTE I have changed where some cells are looking as totally changed the layout) in this example K4 was the cell for the additional payment against the row of that additional payment
This is very useful, but I have one question about the spreadsheet. When I input the data the payoff date comes up odd. it will show 12/31/1908 or 8/31/1900 why is that? How can I have it show current payoff dates?
Do you insert the balance that something was at the beginnging or currently. Eg a phone on 0% interest 24 months and you have 7 left. It doesnt seem to calculate the duration left, correctly
You clicked on the link below the video to go to the Office Newb Blog? After you click on the link or copy and paste the link into your browser you will find the resource file there. Here is also a link to the Blog. www.officenewb.com/post/mastering-your-finances-the-snowball-debt-strategy
Sir , i have bought your course recently to study excel deeply and increase my skill set , i wanted to learn from basics to advance . It is going very well , but i have a question after completing it. Will i be able to work in office , maintaining financial data efficiently in excel , as my background is totally from commerce stream and i would likely make in career in finance or management
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This is the only one i have found that takes the payment from paid off debts and adds it to the next in line bravo my man thank you
You're Welcome! Thank you for watching!
Could you share the formula on linking the personal budget course with bills to link with this snowball debt spreadsheet? This stuff was extremely helpful for me.
This is great. I'm taking your Excel course from Udemy and enjoying learning from you. Thank you for this very helpful resource. Cheers!
You're very welcome!
Great video! My wife and I used this exact method to get out of debt several years ago. Wish I had this Excel tool back then. lol. Thanks for posting.
Thanks for sharing!
Thank you. So much help for free!
You're welcome!
This is awesome! Thanks for sharing the excel document. You may have it in your course, but do you happen to have a budget excel document that operates I similar manner with inputs?
No, sorry
Been looking around for this and you're by far the ONLY non boring one. I wonder if you're a teacher. :)
I have Microsoft course on Udemy.com
Thank you so much for this and for the free download!
You're very welcome!
@@OfficeNewb How can I add more lines to the data entry table?
Great tool to help manage debt. Thanks!!!
Glad it was helpful!
Thx for the free excel file. Commenting so this video gets more views
Thank you
I think I found one mistake in your worksheet, I might be wrong but can you please check. I am refering same example in this video @10:26 if you see last payment of credit card 1 is 63.24 but payment 37 for credit card 2 should be 125+200-63.24. Can you please let me know if payment 37 for credit card 2 should be 325 or 325-63.24 as we are still paying out the credit card 1.
I'm currently working out a solution to this one as I had spotted the same issue, additionally if you had over paid on a debt it should allow the additional payment to go towards the next date immediately rather than waiting for the next month... I may respond again once I figure this out myself :-)
i love you kyleeeeeeeeeee
Thank you!
When inserting the additional table rows, the formulas no longer calculate correctly. Can you provide additional guidance? Great video
Are you clicking and dragging the lower right corner of the table to add rows?
Thanks for your wonderful workbook. I was wondering if you can apply a different payoff strategy to your workbook. I would like to compare paying lowest balance first vs highest interest first.
That’s called the debt avalanche method, in case you wanted to search for another video or workbook.
Is there anyway to expand this as I have about 30 revolving debts that I would like to include? Thanks in advance!
You can insert new row in the table to add more loans/Credit cards
@@OfficeNewb Does that create a new column to track the payment and balance for that loan?
can you make a one time payment without going over to the next loan? I want to make a big payment one time only and I don't to add to the next loan, please help
Yes, if you are good with excel you can add an additional column in the data table and then where your calculations are the very top row on Payments after the (brackets) reference the cell you have added the additional one off payment. I have done this and works well. My formular is: =IF($G$14=0,P$13,P$13+$G$14)+K4 (NOTE I have changed where some cells are looking as totally changed the layout) in this example K4 was the cell for the additional payment against the row of that additional payment
This is very useful, but I have one question about the spreadsheet. When I input the data the payoff date comes up odd. it will show 12/31/1908 or 8/31/1900 why is that? How can I have it show current payoff dates?
What is the date under Next payment?
Do you insert the balance that something was at the beginnging or currently. Eg a phone on 0% interest 24 months and you have 7 left. It doesnt seem to calculate the duration left, correctly
This is great thank you! Do you know how to make the amount of months into an actual month/year?
Check out the cell under Payoff Date.
Help! I clicked on the download but when it loads and I click on it, it just starts me over on your video and doesn't give me a sheet.
You clicked on the link below the video to go to the Office Newb Blog? After you click on the link or copy and paste the link into your browser you will find the resource file there. Here is also a link to the Blog.
www.officenewb.com/post/mastering-your-finances-the-snowball-debt-strategy
Sir , i have bought your course recently to study excel deeply and increase my skill set , i wanted to learn from basics to advance . It is going very well , but i have a question after completing it. Will i be able to work in office , maintaining financial data efficiently in excel , as my background is totally from commerce stream and i would likely make in career in finance or management
The beginner to advanced Excel course will be very helpful in an office position. You will need to practice.
how can i change the currency to gbp and will it work the same? cheers
Is GBP your default currency on your system? You can select all the cell and change the currency symbol.
Are you offering any course where you have taught how to create such type of sheets?
Not this sheet but a course on managing personal finances with Excel. It has a lot of information that will help in creating a sheet like this.
please upload this video again
Is there something wrong with the current video?
Hi i already took your excel course in Udemy, but it's not opening
Try accessing the course through a different browser. If that doesn't work, try reaching out to Udemy support.