- Average user rating: stars out of 24 votes Back to product review
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User reviews
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4 stars
Version: Debt Reduction Calculator for Excel 1.2
Pros: Very simple interface, yet very flexible and powerful. It takes into account many different debts with many different ways of paying them off, showing you the overall money spent on interest with each method. Lots of good instructions.
Cons: I wish the formulas could somehow take into account fluctuating interest rates, such as limited time introductory rates.
Some important instructions were in Excel comments, meaning you had to know to hover your mouse over certain cells. -
4 stars
Version: Debt Reduction Calculator for Excel 1.2
Pros: Works just as advertised does what the description says it would. I was able to get everything inputted and explain it to my non tech spouse with no problems.
Cons: Haven't found any.
Summary: Great tool, I would highly recommend to anyone need to track their debt. read more
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5 stars
Version: Debt Reduction Calculator for Excel 1.2
"The Best snowball tool that I have found to date"
Pros: I like that I can customize the payoff schedule to see the difference that it makes on the interest paid. I am also able to enter extra money (on top of snowball amount) each month.
Cons: I wish there was a way to know what the CURRENT debt amount is so I can see if I am in sync with my money statements.
If someone is a technophobe, then they may be scared to use Excel.Summary: Great tool. Add the ability to see my starting debt and current debt. I want to be able to graph a "thermometer" going up (debt payments) or down (current debt) on a monthly basis and I would love it even more. That would give the visual kick to k... read more
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5 stars
Version: Debt Reduction Calculator for Excel 1.2
"It is a keeper. Very effective."
Pros: Shows the different ways to pay off debt very well.
Cons: Can be confusing if you have never worked in Excell and/or financial data.
Summary: I used to work in a financial business and this does the job very well that we used to use purchased software to do. This is a very good product if you are serious about getting out of debt. read more
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4 stars
Version: Debt Reduction Calculator for Excel 1.2
Pros: Great tool! Definitely keeps you motivated to stay on track. Oh yea there are two docs in here. One for a 10 bill scheme and one if you have from 10 to 20 bills to track.
Good stuff, get it.Cons: none at all
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