This video shows how to use the Vertex42 debt reduction calculator to create a payment schedule for reducing debt. It also focuses on getting you the lowest possible interest exposure by structuring your debt efficiently.
This spreadsheet was created by Dr. Wittwer at Vertex42, an online resource featuring dozens of different financial calculators.
Make the investment in your financial future – buy the Vertex42 spreadsheet today!
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Excellent advise – I hope it works for me! I was told to put all my money into my mortgage which has a redraw facility which will make the interest payment lower as inerest is caculated daily and you are only charged interest on the amount owing and at the end of the month when the interest payment is taken out then pay my other debts. To have money to live on for the month just take it out of the mortgage account as you need it. Or the other way is to use the credit card for living and paying bills and at the end of the month pay it off.