Home > Uncategorized > Debt Reduction Calculator

Debt Reduction Calculator

August 31, 2009

This video shows how to use the Vertex42 debt reduction calculator to create a payment schedule for reducing debt. It also focuses on getting you the lowest possible interest exposure by structuring your debt efficiently.

This spreadsheet was created by Dr. Wittwer at Vertex42, an online resource featuring dozens of different financial calculators.

Make the investment in your financial future – buy the Vertex42 spreadsheet today!

Bookmark and Share
In the interest of full disclosure, Kanjoh and its owners do receive material compensation for endorsements and recommendations of products. Kanjoh is compensated through a number of affiliate programs, including but not limited to Vertex42 Spreadsheets, Chase Credit Cards, CreditReport.com, ODesk, and Coupons.com. Although Kanjoh.com does receive payments for its reviews, we only review products that we genuinely believe in. Feel free to contact us with any further questions.   For more information, please read our privacy policy.

{ 3 comments… read them below or add one }

Suzanne February 4, 2010 at 1:19 pm

Excellent advise – I hope it works for me! I was told to put all my money into my mortgage which has a redraw facility which will make the interest payment lower as inerest is caculated daily and you are only charged interest on the amount owing and at the end of the month when the interest payment is taken out then pay my other debts. To have money to live on for the month just take it out of the mortgage account as you need it. Or the other way is to use the credit card for living and paying bills and at the end of the month pay it off.

John H February 9, 2010 at 6:19 am

This was great it allowed me to enter my debt and interest and finally get a friendly to view way to reduce my out standing debt and then which outstanding bill should have the “snowball” effect payment placed on it further reduce out standing obligations faster.

The printed sheets are very clean and easy to read.

Well done and thank you for providing a free to use feature.

Xena February 27, 2010 at 9:35 pm

Great calculator! It has been a great help over the past few months getting my finances in order! Thanks so much!
Xena

Leave a Comment

Previous post:

Next post: