Some of the episodes in my new podcast series Teaching You to Fisch (Spotify, Apple Podcasts, YouTube) include spreadsheets I’ve created to illustrate particular topics. Some of them are modifications of spreadsheets I’ve used before and some are newly created. Because not everyone is going to choose to watch/listen to the podcasts (they are really missing out, of course), I decided I also should make individual blogs posts that just highlight the spreadsheets. That way some folks may be able to use them who otherwise wouldn’t bother with the podcast.
The sixth spreadsheet is Credit Card Compounding (when you click on the link it will ask if you want to make a copy, click “Make a copy” to get an editable version). This spreadsheet demonstrates the incredible danger compound interest poses for you if you take on credit card debt, and looks at what it is costing you if you just make the minimum payments required each month.
If you want a more detailed walk through of how to use the spreadsheet, this links directly to the specific spot in Episode 8 where I illustrate how to use it (roughly from 14:10 to 17:54 of the video).
Fisch Financial 