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how do I keep track of debts I am paying down using excel
say I have a list of debts (cc, loans, friends...) and I want to keep a
running balance as i pay down the debt. Anybody have a template for that or tell me how to set that up in Excel? Thanks |
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#2
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how do I keep track of debts I am paying down using excel
I would do the following:
1. Use row 1 for headings (ie, the name of the debt -- visa, friend1, etc.) 2. Use row 2 for the original (ie today's) amount of the loan. 3. Row 3 is the current amount of the loan. Use the formula: =b2-sum(b4:b1000) and copy across. 4. Row 4 and subsequent are all the payments you make as time goes on. Use Column A for the date, and enter the amount in the appropriate column. This way, you have a complete record of your payments, and the balance updates every time you enter a payment. Regards, Fred. "Atma" wrote in message ... say I have a list of debts (cc, loans, friends...) and I want to keep a running balance as i pay down the debt. Anybody have a template for that or tell me how to set that up in Excel? Thanks |
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#3
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how do I keep track of debts I am paying down using excel
I have a similar setup.
Worksheet 1 A = Name of account (i.e. Visa, AmEx, etc) B = Original Debt Amount C = Sum of Paid (=SUMIF(Worksheet2!B:B,A2,Worksheet2!C:C) D = Current Balance (=B-C) Worksheet 2 A = Date of payment B = Paid to account (i.e. Visa, AmEx, etc) C = Amount of this payment I find it's the simplest option "Fred Smith" wrote: I would do the following: 1. Use row 1 for headings (ie, the name of the debt -- visa, friend1, etc.) 2. Use row 2 for the original (ie today's) amount of the loan. 3. Row 3 is the current amount of the loan. Use the formula: =b2-sum(b4:b1000) and copy across. 4. Row 4 and subsequent are all the payments you make as time goes on. Use Column A for the date, and enter the amount in the appropriate column. This way, you have a complete record of your payments, and the balance updates every time you enter a payment. Regards, Fred. "Atma" wrote in message ... say I have a list of debts (cc, loans, friends...) and I want to keep a running balance as i pay down the debt. Anybody have a template for that or tell me how to set that up in Excel? Thanks |
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