I’m a bit of a numbers person. And to say “a bit” is an understatement. I thrive on numbers. I love finances, and happily handle the budget for my family. I’ve been like this for years. There is no saving me.
Recently, my husband and I bought a new house, and decided that we wanted to really tighten up our budget, and pay off some of our other existing debts, to free up some cash every month for expenses that might pop up (houses, by the way, are the very definition of “money pit”), or just to save up for a family vacation, or something nice.
We decided we would try the “snowball” method, where you pay down your smallest debts first, and then instead of freeing up the cash previously allocated for making that payment, you instead put it toward the next debt in line. By doing this, you’re snowballing your payments, and in theory, it helps to pay things off faster. (We decided to work from highest interest rate down, instead of lowest balance up, but it’s really a personal choice).
At the moment, I have created the input table, where users will be able to input their data, and sometime over the next week, I will begin working on the actual calculations, and getting something simple going. I would really like to have this project done within a month or two, but work and family definitely come first, so we’ll see how quick I can pump this out. I am much more concerned about quality, and accuracy, than I am about speed. That is definitely one of the up sides to personal projects – very little deadline pressure, and more time to pump out a quality project.
Let me know what you think! Is this a project that interests you? Is this something you could see yourself wanting to use? (I’ll definitely put this up on GitHub when it’s finished, so you’ll have that chance!)