{"id":181,"date":"2013-06-07T08:26:13","date_gmt":"2013-06-07T16:26:13","guid":{"rendered":"http:\/\/undebt.it\/blog\/?p=181"},"modified":"2021-02-16T15:22:32","modified_gmt":"2021-02-16T23:22:32","slug":"new-feature-custom-debt-snowball-payoff-order","status":"publish","type":"post","link":"https:\/\/undebt.it\/blog\/new-feature-custom-debt-snowball-payoff-order\/","title":{"rendered":"New Feature: Custom Debt Snowball Payoff Order"},"content":{"rendered":"<h2>What the Custom Sort Order Does<\/h2>\n<p>Quick update &#8211; I&#8217;ve decided to enable the <strong>custom sort<\/strong>\u00a0snowball payoff method for all users. I&#8217;ve had this option setup for some time now and I was going to include it as one the upcoming &#8220;Undebt.it+&#8221; premium features. I decided that this should be part of the core functionality of the site so I&#8217;ve made it a standard feature.<\/p>\n<h2>Selecting the Custom Sort Order Payoff Method<\/h2>\n<p>There are two custom order choices in the &#8220;choose your debt payoff method&#8221; menu located in the <em>Debt Snowball Table<\/em>\u00a0as well as the <em>My Account<\/em> page. Using a custom payoff method will you give you much more flexibility to setup a debt snowball payment plan that works best for you. I recommend starting with the regular snowball or avalanche and then create a custom plan based off of that. Switch back and forth to see how the snowball table changes. Using a custom method works best when you start using promotional interest rates because you may or may not want to pay them off first depending on your situation.<\/p>\n<p>There are two custom methods to choose from: lowest sort order first and highest sort order. The lowest\/highest refers to the payoff order number mentioned in the next section.<\/p>\n<div id=\"attachment_988\" style=\"width: 383px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/custom-debt-payoff-sort-order.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-988\" class=\"wp-image-988 size-full\" title=\"custom debt payoff sort order\" src=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/custom-debt-payoff-sort-order.png\" alt=\"custom debt payoff sort order\" width=\"373\" height=\"189\" srcset=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/custom-debt-payoff-sort-order.png 373w, https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/custom-debt-payoff-sort-order-300x152.png 300w\" sizes=\"(max-width: 373px) 100vw, 373px\" \/><\/a><p id=\"caption-attachment-988\" class=\"wp-caption-text\">custom debt payoff method slection<\/p><\/div>\n<h2>Required Steps<\/h2>\n<p>The next step is to assign each account its&#8217; place in the payoff order; this is done on the <em>Debt Details<\/em> page. The pulldown menu labeled <em>Payoff Order<\/em> has numbered selections zero through x (where x is the total amount of debt accounts you have). Repeat the process for each debt account, making sure to choose a unique number (for example, try not to assign payoff order #1 to more than one account).<\/p>\n<div id=\"attachment_989\" style=\"width: 680px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/payoff-order-selection.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-989\" class=\"wp-image-989 size-full\" title=\"account payoff order selection\" src=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/payoff-order-selection.png\" alt=\"account payoff order selection\" width=\"670\" height=\"231\" srcset=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/payoff-order-selection.png 670w, https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/payoff-order-selection-300x103.png 300w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/a><p id=\"caption-attachment-989\" class=\"wp-caption-text\">account payoff order selection<\/p><\/div>\n<h2>\u00a0Drag &amp; Drop Custom Plan Creation<\/h2>\n<p>While the custom payoff order is free for all users, there is another option available to <a href=\"https:\/\/undebt.it\/plus-info.php\">Undebt.it+<\/a> members that allows them to create a custom plan using drag and drop. You can get to it by clicking on the <em>[edit]<\/em> link shown above or by going to <em>Payoff Plan<\/em> &gt; <em>Custom Payoff Order<\/em>.<\/p>\n<div id=\"attachment_990\" style=\"width: 777px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/drag-and-drop-custom-payoff-order.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-990\" class=\"wp-image-990 size-full\" title=\"drag and drop custom payoff order\" src=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/drag-and-drop-custom-payoff-order.png\" alt=\"drag and drop custom payoff order\" width=\"767\" height=\"405\" srcset=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/drag-and-drop-custom-payoff-order.png 767w, https:\/\/undebt.it\/blog\/wp-content\/uploads\/2013\/06\/drag-and-drop-custom-payoff-order-300x158.png 300w\" sizes=\"(max-width: 767px) 100vw, 767px\" \/><\/a><p id=\"caption-attachment-990\" class=\"wp-caption-text\">drag and drop custom payoff order<\/p><\/div>\n<p>When you click on the Save Payoff Order button, your plan will automatically be updated and displayed on the same page. This lets you quickly try out different payoff scenarios.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What the Custom Sort Order Does Quick update &#8211; I&#8217;ve decided to enable the custom sort\u00a0snowball payoff method for all users. I&#8217;ve had this option setup for some time now and I was going&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"New Feature: Custom Debt Snowball Payoff Order","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[9],"class_list":["post-181","post","type-post","status-publish","format-standard","hentry","category-features","tag-custom-debt-snowball"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3b4HR-2V","_links":{"self":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/comments?post=181"}],"version-history":[{"count":8,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/181\/revisions"}],"predecessor-version":[{"id":1691,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/181\/revisions\/1691"}],"wp:attachment":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/media?parent=181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/categories?post=181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/tags?post=181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}