Which is to say, the speaker has acknowledged that the accounting shenanigans used to get this bill passed in the teeth of statutory spending constraints are basically bullsh**. But thereâs a lot of bullsh** going around Washington just now.
So then I tried the âlittle debtsâ approach. You knowâ¦ Pay off the smallest debt, then take the payment you were making on that and put it against the next debt. Thatâs often called the debt snowball, and the idea behind it is that seeing that âwinâ early is supposed to motivate you.
What if you want an even simpler version of your map to being debt-free? In that case, an excellent spreadsheet for paying off debt is the SquawkFox Debt Spreadsheet. This one is not quite as complex as the Vertex one, but it has a nice simple layout that is easy to use.You can add your credit card accounts and any other debts such as mortgages and student loans.A screenshot of the SquawkFox Debt Spreadsheet. As you can see above, the spreadsheet allows you to put each of your loans and credit cards in next to its interest rate and monthly payment.The spreadsheet shows you what percent of your total debt each loan accounts for.ne nice thing about this spreadsheet is how it allows you to see at a glance how much youâve paid each month and plan out your debt repayment for the months ahead. With that said, you should know that if you choose this one there might be certain things you canât do with it, since itâs a very bare bones option.