Posts: 125
31 October 2023 at 9:20 pm #737


    From the tutorial (note… video to follow) you will note the columns were date, description, code (because Pete was also self employed and had an accounting system), total, payment date, amount paid, balance. These were the main columns. It doesn’t need to be like this but it worked for Pete. Next to that he had optional columns for whether home, business or bank (e.g. interest) and a column for a title (e.g. holiday.)

    Some of the key points from the video (to follow) include:
    – a left-side slim colour coded column to show progress. This is an easy way to see where you are up to.
    – ability to make regular payments to the overall balance bringing the progress bar up the spreadsheet.
    – ability to make focused payments to the most recent transactions to keep current spending in check.
    – ability to take the smallest of payments and pay off either a small single transaction or a part-payment.
    – When the day comes to explain the account, printing this out or walking someone through it will be a great help.

    The spreadsheet approach makes great sense and means you can attack the credit card on multiple fronts. Can’t wait to show the video tutorial. Once you are in the swing of how this works, it’s fun and helps you focus. You know there is progress.

    But there are other activities you can do too.