Payment Options Calculator

So your bill arrives, and there are options of paying in 1, 2 or 4 instalments. Which one is better? The upfront option is cheaper, but since time is money you could be using that money for something else. Plus it's usually easier to budget when your money doesn't go out in big chunks. You can't just do a quick calculation because each instalment is saving you money over a different time period. Then the next day you have to renew your insurance and you have the option of yearly or monthly payments. What to do?

For a while now I've been using this handy little Excel sheet to work it out. I offer it free of charge to hopefully reduce the stress in your life just a little bit and make the world a better (and hopefully nerdier) place.

Download it here.

Please leave a comment and let me know what you think!