Debt Reduction Calculators
Debt and Credit Card Calculators for Microsoft® Excel®
We are too caught up in wanting stuff now, rather than saving up and buying stuff when we can afford it. These habits naturally lead to way too much debt, but with enough discipline and help, we believe anyone can get out of debt.
Our free debt reduction calculator, featured below, was designed to help individuals and the professionals that advise them to quickly and easily come up with a plan for eliminating debt. It may not be as easy to stick with the plan, but at least we can help you get started.
Featured Debt Payoff Calculators
How fast can I get out of debt using the snowball technique? This is possibly the most valuable spreadsheet on this entire website!
Pay down your debt to improve your FICO® credit score. This is an expanded, more advanced version of the Debt Reduction Calculator.
Calculate the payment required to pay off a single credit card in X number of years.
Find out how much it really costs to make minimum payments.
Use this spreadsheet to estimate how much you can save when using a credit card balance transfer to get a lower rate. The calculator helps you compare your current interest costs with the balance transfer offer. You can factor in fees and promotional rates to determine if the transfer is worth it.
Use this spreadsheet to estimate how long it will take you to reach your short-term and mid-term savings and debt payoff goals. The focus is on savings, but it is based on the debt reduction calculator, so it lets you include debt payoff in addition to your savings goals.
Use this spreadsheet to estimate how quickly you can pay off your mortgage using a home equity line of credit (HELOC) strategy to make extra payments. The calculator helps you evaluate the impact of using HELOC funds to reduce your mortgage balance while managing your cash flow and expenses.
Track your debt free journey using a column chart that gradually reveals a debt free image as you pay off your debt. Or download printable debt payoff trackers for your 3-ring binder.