Eliminate Your Credit Card Debt, Student Loans, and other Consumer Loans. Download a free credit card Debt Reduction Calculator and Debt Snowball Payment Schedule worksheet for Microsoft Excel and OpenOffice.org. This spreadsheet allows you to choose different debt reduction strategies, including the debt snowball effect (paying the lowest balance first) and highest interest first. Just choose the strategy from a dropdown box after you enter your creditor information into the worksheet.

The Debt Reduction Calculator spreadsheet for Microsoft Excel helps you plan how to reduce credit card debt, auto loans, student loans, and other debts. The spreadsheet lets you choose from various debt reduction strategies, including the popular debt snowball strategy (paying the lowest balance first) and the highest interest first strategy. Easily print a debt snowball payment schedule to help you keep track of your progress. The Snowball Growth Chart lets you visualize how your snowball grows over time as you wipe out your debts. Includes templates for OpenOffice.

Use our free Debt Reduction Calculator to help you eliminate your credit card, auto, student loan, and other debts. Easily create a debt reduction schedule based on the popular debt snowball strategy using this free spreadsheet.
The first worksheet is a simple calculator where you enter your information, choose your total monthly payment, and see a summary of the results based on the strategy you choose.
The second worksheet is a payment schedule designed for you to print so you can keep track of your progress. You can also see how the snowball increases as you pay off your debts.

"No Installation, No Macros - Just a simple spreadsheet"

The license of this software is Freeware, you can free download and free use this personal finance software.