If you're serious about getting out of debt faster — and with less interest paid, a velocity banking spreadsheet could be the secret weapon to overcoming your debt. It's a "hands-on" strategy that flips traditional debt repayment on its head. But there's a big difference between understanding the idea and following through on it.

That's how tapping into the velocity banking spreadsheet can empower you with the data you need to move forward.

What Is Velocity Banking?

Velocity banking is a strategy that uses your regular income and a line of credit (like a HELOC or a credit card with a low interest rate) to pay off larger debts more efficiently. Instead of just making monthly payments toward a loan (like a mortgage), velocity banking helps you pay off chunks of the loan faster, reducing interest and shortening your payoff timeline.

In summary, you:

• Use your income to pay into the line of credit

• Use that line of credit to pay down a large chunk of amortized debt

• Cycle through this process to accelerate your payoff timeline.

It can be powerful, but potentially tricky to manage without discipline or a tested process.

Why You Need a Velocity Banking Spreadsheet

Managing velocity banking "in your head" is unrealistic for most people. Timing payments, tracking balances and interest, and figuring out the right chunk size all require some math—and a lot of attention.

A velocity banking spreadsheet simplifies that process. Here's how it helps:

• It shows exactly how much interest you could save

• Visualizes payoff timelines based on real data

• Enables you to test "what if" scenarios (like lump-sum payments or variable income)

• It keeps you accountable and focused on the big picture

With a Spreadsheet that dynamically calculates everything, you don't need to guess whether it's working - you can see the results building.

Keep in mind, not all spreadsheets are created equal. A solid tool should include:

• A simple input section for your income, expenses, and current debt

• Charts or tables to track progress over time

• A calculator to estimate payoff time and interest savings

• Space to simulate different strategies, such as "chunking" at different intervals.

Some people build these from scratch, but most choose to start with a ready-to-use velocity banking spreadsheet that already includes the formulas and logic, so there is no need to become a spreadsheet expert.

A Real-Life Example: The Power of Planning

Let's say you have a $200,000 mortgage with 25 years left. Making bare minimum payments means you'll pay tens of thousands in interest.

But if you applied a velocity banking strategy with careful chunking and timing, you could cut years of scheduled loan repayments and save thousands in interest.

The difference? A clear plan. That's what the spreadsheet gives you.

Try a Velocity Banking Spreadsheet for Yourself

You don't need to guess your way to a faster debt payoff. With the right tool, you can run the numbers, make smarter decisions, and stay on track toward your financial goals.

Are you interested in putting the velocity banking spreadsheet to work?

If so, we created a beginner-friendly Velocity Banking Blueprint that includes this spreadsheet and more! If you're serious about getting ahead financially and learning how this banking approach can help you eliminate debt faster, don't miss this opportunity!

>> Get Your Copy of The Velocity Banking Blueprint With Instant Access - Digital Download! <<