Debt Reduction Calculator for Excel

A newer version of Debt Reduction Calculator for Excel is available.

• 5.0 stars

  "The Best snowball tool that I have found to date"

  September 20, 2009  |   By nosirrahm

  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 keep going at paying off the debt.

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