Debt Reduction Calculator for Excel is a personal finance software that helps you with planning to reduce your debts such as credit card debt, any type of loans or other debts. It is a spreadsheet program that uses numerous debt reduction strategies such as debt snowball method and highest-interest-rate-first strategy. Print the payment schedule so that you can track your progress. It offers you chart for visual display of how your interest will decrease over time with the strategy chosen. The built in formulas will easily calculate the total amount you owe and the total interest paid. It is very easy to use and being a spreadsheet program, you will find it familiar to start.
