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UPDATE: Eric has moved on to do other things. If you are looking for a copy of his Debt Snowball Calculator then get a hold of me for a free copy.
You can do so here: Contact
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Eric Lentz paid off $53,000 in debt over 24 months. As he worked two full-time jobs and got intense on eliminating his loans he created an Excel spreadsheet to track the amount of money he had available to increase paying off his debt and stay motivated to stick to his plan. Eric continued to develop his program even after eliminating the last debt.
Some of the many features included in every Pro version:
- Easy access
- No dependence on internet
- You can take it with you
- Free lifetime upgrades
- No macros used
- Monitor your checkbook balance (avoid overdraft)
- View cash-flow and ease the budgeting process with first and second half functionality
- Enter recurring payments and budgeted cash expenditures
- Include your mortgage, or don’t – it’s your choice!
- Run scenarios on how debt payoff is effected when you earn more/spend less
- Allocate $ for your emergency fund
- Monitor the amount you have paid off and remaining interest
- Stay motivated by watching your progress on the Results page!
Thank YOU for the opportunity to talk about the Debt Snowball method. The spreadsheet I use has 5+ tabs that need to be manually entered (and to find the pay-off date takes a lot of scrolling down) but your’s is one/two pages. That’s awesome!
Steve,
LOVED your interview with Eric!!
I find that people starting out so many times get bogged down on what method to use for maintaining a budget.
Enjoying your weekly itunes download!!
Jen
Great podcast! Eric has a lot of energy.
Thanks Jackie! Have you tried it yet? http://debtsnowballcalculator.net/moneyplansos
Steve,
Do you know what happened to the website? I was trying to download it and it takes me to a different website.
Did Eric change the address?
Please advice.
Thank you,
Adrian Juarez
BTW…new listener, great podcast.
Thanks for the note Adrian. I have not been able to reach him for a few months and have been worried. Apparently his site has not been renewed. If you want the calculator then please send me an email and I’ll email you the free version.
Is there anyway to still get the calculator? As mentioned in the earlier comment it seems that his site is no longer live. My wife and I were able to pay off all of our debt in a year by using the debt snowball. I would be interesting in seeing what his calculator is like. There is also great information at http://www.debtsnowballplan.com
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