To create a student loan expense tracker in Google Sheets, follow these steps:
1. Open Google Sheets and create a new blank spreadsheet.
2. Label the columns with the following headers: Date, Loan Amount, Interest Rate, Monthly Payment, Remaining Balance.
3. Enter the details of your student loan in the respective columns.
4. Use the SUM function to calculate the total loan amount, total payments made, and remaining balance.
5. Use the PMT function to calculate the monthly payment based on the loan amount, interest rate, and loan term.
6. Update the tracker every time you make a payment. This will help you keep track of your loan repayment progress.
Remember, Google Sheets also allows you to create charts and graphs for visual representation of your loan repayment progress.
Need to scenario plan to pay the least interest on student debt? Utilize multiple graphs and charts...
Download model