Software Screenshot:
This Debt Reduction Calculator, by Vertex42.com, can help you create a plan for reducing credit card debt, auto loans, student loans, and other debts. The spreadsheet lets you choose a debt reduction strategy such as the popular debt snowball method (paying the lowest balance first). To pay off your debts faster, you can try the highest-interest-rate-first strategy. Easily print a payment schedule to help you keep track of your progress. Free for personal use only.
What is new in this release:
Version 1.2.4 lets you include occasional additional payments (for "debt snowflaking").
Requirements:
Microsoft Excel/OpenOffice
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