Debt and Loan Elimination Strategy 1.0

Debt and Loan Elimination Strategy 1.0 is an Excel spreadsheet for you to access your own debts and amounts to calculate and optimize 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 inputted before optimizing. 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. 

Enhancements: demo with limited and restricted use.