Free Tools To Help You Reduce or Retire Your Debt
September 9th, 2009 by Skip McGrath
Learn How To Become Debt Free
If you are retired or about to retire soon you want to reduce or eliminate as much debt as possible. Here are some resources. Most are free but a few are available at a moderate cost.
When Will You Be Debt Free? – This calculator from CNN Money is very simple to use. Enter your current credit card balances, interest rates, minimum payments, and the date you want to be debt free. The calculator will calculate how much extra you need to pay, each month, to achieve your goal.
Debt Reduction Guide – Free eBook that downloads in PDF
Debt Snowball Calculator over at What’s The Cost – This free online tool will help you quickly create a debt repayment plan.
iPhone and iPod Touch Debt Snowball Application – Created by Blunt Money, this application, which sells for $2.99, will help you create a debt snowball using your iPhone or iPod Touch.
Microsoft Excel or OpenOffice Calc Debt Reduction Calculator – If you prefer to work with Word or Open Office, here’s a free debt reduction spreadsheet.
Mortgage Payoff Calculator – From DinkyTown, this calculator helps you calculate the impact of extra mortgage payments.
Calculating Average Daily Balance Spreadsheet – A spreadsheet that calculates how timing payments can affect the amount of interest charged. Works with Excel or OpenOffice Calc.
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