I was trying to use the Debt Progress solution, but I’ve run into a snag.
There was a government bill was passed this year, making student loan interest 0% and payments suspended til 12/31/2020. I tried to add a formula into the interest rate column:
Which worked, but it didn’t seem to make any difference in the payment schedule. In other words, no matter which interest rate I put in, it still recommended the minimum payment. In the ranking, it was 1 or 2. It seems like it doesn’t take into consideration that the interest rate is temporary (more interest would be saved if it’s paid down earlier).
I also have a credit card with an introductory rate that I transferred some debt onto, and I’m having a similar issue with how to get the Debt Progress Sheet to take that into account.
I’m hoping that makes sense. If not, I’m happy to answer questions!