As I am making plans to save more and get out of debt, I have been using the bankrate calculators o see how long it will take me to pay of cc etc.
Is there a calculator somewhere that will allow me to see ho long it would take if monthly payments change?
What I mean is for example I plan to save $1000, by saving 250 each month, for that same period I'd pay $50 on a 2 credit cards each, once I have the $100, I'd pay 150 on one credit card, 50 on the second, once the first is paid off 250 on the second card. Now those are not my numbers, but I hope it makes sense :-)
I am sure some of you are smarte nough to come up with some math formula, but me, well let's say I am much better at plugging in numbers and have the computer do the rest.
Thanks!
Is there a calculator somewhere that will allow me to see ho long it would take if monthly payments change?
What I mean is for example I plan to save $1000, by saving 250 each month, for that same period I'd pay $50 on a 2 credit cards each, once I have the $100, I'd pay 150 on one credit card, 50 on the second, once the first is paid off 250 on the second card. Now those are not my numbers, but I hope it makes sense :-)
I am sure some of you are smarte nough to come up with some math formula, but me, well let's say I am much better at plugging in numbers and have the computer do the rest.
Thanks!
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