Debt Reduction Calculator for Excel - Free download and software reviews - CNET Download.com

Debt Reduction Calculator for Excel

CNET Editors' review

This debt management tool allows users to manage their debts using built-in formulas that automatically calculate the total amount owed and total interest paid. Users familiar with Excel will find it easy to use.

The Debt Management Calculator has three tabs at the bottom of the spreadsheet: Calculator, Payment Schedule, and Chart. The program explains different methods of managing debt, namely the "snowball" or "avalanche" methods. The "snowball" method advises the user to pay the debt with the lowest balance faster, where the "avalanche" method advises the user to pay the debt with the highest interest faster. We entered some sample debts into the Creditor Information Table in the Calculator tab of the spreadsheet, and the program processed the information. The strategy bar positioned below the Creditor Information Table allowed us to choose either method to manage debts, or set up custom options. Clicking on the Payment Schedule tab showed us how much the monthly payments would be, and how long it will take to pay off the total amount of debt. The Chart tab presents the user with a visual display of how his interest will decrease over time.

This program is free and easy to install and uninstall. It does not have a built-in Help file, but provides detailed instructions about how it works to the right of the spreadsheet area. It's simple to use and provides the user with a handy and visual way to handle debt.

Publisher's Description

More Products to Consider

  • Amortization Schedu...
    Create amortization schedule in Excel for fixed-rate loan.
    Download

    Installed

    Smart Install
  • WinCalendar
    Create printable calendars with saved activities in Microsoft W...
    Download

    Installed

    Smart Install
  • Simple Sticky Notes
    Take notes and stick them to your desktop.
    Download

    Installed

    Smart Install
  • Microsoft Office Ou...
    Manage your email, time and calendar.

    This download is served from an external site

    close

    NOTICE: This link will open a connection to a third-party site. CNET cannot ensure the security of software that is hosted on external sites.

    Continue to download

    Sponsored Products

    Visit Site
  • Post-it Digital Not...
    Create Post-it notes, bookmark Web sites, send/receive notes, s...
    Download

    Installed

    Smart Install
  • PdfMerge
    Split and merge PDF documents.
    Download

    Installed

    Smart Install
  • Dead On Last Paymen...
    Organize your debts repayment order.
    Download

    Installed

    Smart Install
  • Desktop iCalendar L...
    Create and manage various events and to-do list on your desktop...
    Download

    Installed

    Smart Install
  • Credit Card Debt Re...
    Calculate how long it will take to pay off credit card debts an...
    Download

    Installed

    Smart Install
  • Efficient Calendar ...
    Schedule, plan, and remind yourself of important events.
    Download

    Installed

    Smart Install
  • CredMedic
    Control your credits and debts with credit repair and credit ma...
    Download

    Installed

    Smart Install
  • What's Up
    Organize your life, manage contacts, create to do list, and be ...
    Download

    Installed

    Smart Install
  • Credit Card Calcula...
    Prioritize your bills payments by interest rate and amount.
    Download

    Installed

    Smart Install
  • Home Credit Card Ma...
    Allow you to manage your credit card usage.
    Download

    Installed

    Smart Install
  • Edraw Mind Map
    Build, save, share, and print arbitrary mind maps.
    Download

    Installed

    Smart Install
  • Credit Card Math 10...
    Learn the true hidden costs associated with credit card debt.
    Download

    Installed

    Smart Install
  • Efficient Reminder ...
    Catch up with your daily events and meeting schedules.
    Download

    Installed

    Smart Install
  • Debt Paydown Calcul...
    Calculate the cost of mortgages, credit cards, loans, and other...
    Download

    Installed

    Smart Install
  • Wondershare MobileT...
    Transfer content between Android, iPhone, and Symbian phones.
    Download

    Installed

    Smart Install
  • Credit Card & Loan ...
    Calculate when you will pay your debts each month.
    Download

    Installed

    Smart Install
  • Get Out Of Debt Fas...
    Learn how to get out of credit card debt.
    Download

    Installed

    Smart Install
  • Sticky Notes
    Create and organize sticky notes and reminders on your desktop.
    Download

    Installed

    Smart Install
  • Payoff
    Analyze your debt and pay it off the fastest way possible.
    Download

    Installed

    Smart Install
  • iDailyDiary Free
    Incorporate images and formatted text into your daily diary.
    Download

    Installed

    Smart Install
All User Reviews
  • All versions:

    4.0 stars

    out of 32 votes

    • 5 star: 14
    • 4 star: 12
    • 3 star: 1
    • 2 star: 1
    • 1 star: 4
  • Current version:

    4.5 stars

    out of 2 votes

    • 5 star: 1
    • 4 star: 1
    • 3 star: 0
    • 2 star: 0
    • 1 star: 0
  • My rating:

    0 stars

    Write review

Results 1-2 of 2

  • 4.0 stars

    "Good tool to manage debt reduction"

    January 4, 2014  |   By RdcrzR

    Version: Debt Reduction Calculator for Excel 1.2.4

    Pros

    Quick, easy way to set prioirities and manipulate reducing your debt.
    Easy to add, subtract and update data.
    Can switch between strategies easily, and add one-time "snowflake" or extra payments.
    FREE!!

    Cons

    A few of the options aren't active in OpenOffice version, such as the third sheet for amortization schedule, viewing, and adding snowflakes; or the strategy switching pull-down.

    Summary

    Really need to use Excel in order to take full advantage of the power of this great, user-friendly tool. OpenOffice users will find some frustrations.

    Reply to this review

    Was this review helpful? (0) (0)

  • 5.0 stars

    "Effective and Simple Review"

    December 16, 2013  |   By eugene-cilliars

    Version: Debt Reduction Calculator for Excel 1.2.4

    Pros

    Easy to use and help with deciding how to get out of debts.

    Cons

    none to explain

    Summary

    Focus and use it and minimise your debts and spreadsheet is the way to go.

    Reply to this review

    Was this review helpful? (0) (0)

Results 1-2 of 2

Add Your Review

Log in or create an account to post a review.
You are logged in as . Please submit your review for Debt Reduction Calculator for Excel 1.2.4
Add Your Review

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our site terms of use.

Submit your reply

Submit

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our site terms of use.

cancel

E-mail this review

Submit cancel

Report offensive content

If you believe this comment is offensive or violates the CNET's Site Terms of Use, you can report it below (this will not automatically remove the comment). Once reported, our staff will be notified and the comment will be reviewed.

Select type of offense:

Offensive: Sexually explicit or offensive language
Spam: Advertisements or commercial links
Disruptive posting: Flaming or offending other users
Illegal activities: Promote cracked software, or other illegal content
Submit cancel

Previous Versions:

Error

close

ERROR MESSAGE

If you think this is an error, please contact CNET TechTracker Support for further assistance.

Ok

Running Request

close

loading

Smart Install Software

close

CNET TechTracker will now automatically install software without requiring further action by you. (Note: This feature automatically accepts associated EULAs and third party applications on your behalf.)

You have selected the following software to Smart Install:

CNET TechTracker will attempt to install this software without interrupting you again. If an application requires manual installation, CNET TechTracker will download the installer and prompt you to take further action.

Proceed with Smart Install?

Confirm Standard Install Cancel

Submit a problem report for Debt Reduction Calculator for Excel

close

Please describe the problem you have with this software. This information will be sent to our editors for review.

Problem:

The CNET Installer isn't working as expected

The download link does not work

The software has a newer version

The software contains malware

Other

Description:

Please select a feedback type.

Please enter a description.

Submit Problem Report

Problem Report submitted

close

Thank you for submitting a problem report! The Download team is committed to providing you with accurate software information.

OK

Installed

Smart Install

About CNET Installer

The CNET Download.com Installer is a tiny ad-supported stub installer or "download manager" that helps securely deliver your downloads from Download.com's servers. We also include offers for carefully screened software that complies with Download.com Software Policies as part of our Installer process. Learn more

Debt Reduction Calculator for Excel