Free Debt and Budget Spreadsheet

One of the more popular articles on Married (with Debt) is part of our 10 Rules to Eliminate Debt and Change Your Life – the part where we make a debt and budget spreadsheet to track our bills, debts owed and daily spending.

I get an email almost every day asking for a free copy of the one I use. If you would like a copy for yourself, just email me through the Contact page and I’ll send you the Microsoft Excel budget template I built.

Because this was such an important tool in helping us get out of debt, I wanted to talk more about why having a debt and bills due spreadsheet is important:

Read moreFree Debt and Budget Spreadsheet

Push Yourself, But Not Over a Cliff

If you’ve been following our debt payoff progress reports, you know that we are two months away from paying off approximately $100,000 in consumer and student loan debt. We did it by paying off our debts from smallest to largest and continuing to pay all that we could pay and not slacking off when a particular debt was eliminated.

Push Yourself

Read morePush Yourself, But Not Over a Cliff

Debt Payoff Progress April 2012

In my Debt Payoff Progress post for March, I told you that we hit our monthly target and reduced our debt from $8.340 to $6,560.

For April, despite my recent bachelor party weekend in Louisville – which cost me $600 (partly because I had to get a new car battery installed down there) – we were able to reduce our debt from $6,560 to $4,834 – a reduction of $1,726.

Thankfully we got our federal and state tax refunds in April, which paid for the trip and allowed enough to send an extra $600 to our European Vacation fund.

Read moreDebt Payoff Progress April 2012

Debt Payoff Calculator – How to Use One

For my monthly debt payoff progress posts, you may have noticed the graphs, charts and tables I post with them. These are a great way to visualize my progress and share it with you. I got them easily from an online debt payoff calculator, and I’m about to show you how to use one.

Using a debt payoff calculator is easy, and much more accurate than trying to build your own using formulas and a spreadsheet.

Simply put, a debt payoff calculator is a tool that allows you to input your total amount owed, interest rates on each, and how much you are putting towards them each month. The debt payoff calculator then crunches the numbers and tells you exactly how long it will take to pay off your debts.

This is a good way to get a realistic picture of what you are in for. I recommend doing it at the beginning of your debt freedom journey. It really helps keep you from over or underestimating how long it’s going to take.

Read moreDebt Payoff Calculator – How to Use One

Debt Payoff Progress March 2012

In my last debt payoff update, I told you we had just paid off my wife’s student loan, leaving just one more debt – my student loan.

At the time of that writing, we owed approximately $8340.

After another month of aggressive debt repayment, the balance stands at roughly $6560.

This means we are still on track to be debt free minus the house by the end of July.

Read moreDebt Payoff Progress March 2012