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Debt Reduction Calculator – Excel Template

An Excel-based calculator designed to help you reduce debt efficiently by comparing repayment strategies and tracking interest savings and payoff timelines.

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Description

Debt Reduction Calculator – Excel Template

The Debt Reduction Calculator Excel template provides a structured way to manage and reduce your debts through calculated repayment strategies. Whether you’re considering the snowball method (paying off smaller debts first) or the avalanche method (targeting high-interest debts), this tool helps you evaluate the best approach based on your financial goals.

With automatic interest calculations, visual progress tracking, and customizable payment plans, it’s an essential solution for individuals seeking financial freedom and control over their debt.

Key Features:

  • Compare snowball and avalanche debt payoff strategies

  • Calculates total interest, remaining balances, and payoff dates

  • Tracks multiple debts with customizable fields

  • Fully editable Excel format for personal use

  • Ideal for budgeting, financial planning, and debt management

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