Tool Description: 

The debt repayment organiser assists you in calculating which of your debts to repay first, using one of two methods. The first method is the mathematical way and the second is the debt snowball method. You will know exactly which debt to start repaying first and build your momentum from there. 

Refer to the “Attacking your debt” section in the Stages to Financial Independence course.

Tool explanation and example from images:

When opening the debt repayment organiser note that we are only listing bad/consumer debt. 

Start listing your debt from cell A9 downwards;This user has debt with Woolies, RCS and Pep. B9 should contain the total amount you owe the entity listed in column A. The user owes Woolies R3000, RCS R1500 and Pep R2000. Use column C to enter your monthly repayments on the debt. The monthly repayments are R270, R137.5 and R178.6. You should enter your interest rate payable on these debts in column D. Woolies debt is at 15%, RCS at 18% and Pep at 13%. You can find the interest rate payable on a statement of the debtor or by phoning your debt provider. 

Below the first table will show you the two repayment methods and which debt to repay first according to your chosen repayment method. This tool will provide your action plan. Now it's up to you to crush your debt.