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Paying off your debts – especially high cost credit card debt – can be a life-changing experience. To help you on your way towards a comfortable debt level – or even no debt – we've gathered 103 debt-busting calculators from around the web.

Though debt calculators can be powerful tools, it's best if you think of them as maps... they can point the way but they can't make the journey for you.

Most of the debt tools we found are web based calculators where you simply plug numbers into a web page. However, many of the best tools below are spreadsheets. If you're unfamiliar with using spreadsheets we recommend checking out Playing with Numbers: Using Spreadsheets to Learn About Money.

Here's what you'll find in this debt calculator collection:
>> 10 Debt Measurement Calculators: Assess the Situation
>> 4 Calculators for Determining Your Current Spending
>> 11 Debt Management Tools: Knock It OUT!
>> 5 Snowball Repayment Calculators and Spreadsheets
>> 12 Debt Countdown Tools: How Long Will This Take to Pay Off?
>> 10 Motivating Tools for Attacking Debt:
>> 8 Tools for Calculating the TRUE Cost of Minimum Credit Card Payment
>> 5 Calculators to Help Decide “Should You Consolidate?”
>> 24 Debt Consolidation Tools: Calculating the Value to Your Finances
>> 4 Tools for Deciding to Pay Off More Debt or Invest the Surplus
>> 10 Advanced Debt Busting Kung Fu Tools

>> 10 Debt Measurement Calculators: Assess the Situation
If you're like most people, there's a good chance you've never looked at all your debt in one place, at one time. Tallying your debts is scary, but it's the crucial first step to developing your debt busting plan! These tools will all help you asses how much you owe, the cost of your debt, and whether you're carrying a financially healthy debt load.

1) Create a Quick Summary Of Current Debt Situation (Spreadsheet)

2) Calculate the real cost of your debt

3) Existing Loan Calculator

4) Credit card debt calculator: how much do you owe?

5) Cost-of-Debt Calculator

6) Debt To Income Ratio Calculator

7) Credit Card Princpal-Interest Calculator

8) How will rate changes affect my balance?

9) Debt-to-income Analysis (Christian)

10) How much does that loan really cost?

>>4 Calculators for Determining Your Current Spending
Debt comes from somewhere. If it's not unforeseen medical or family emergencies, then it's likely that it comes from lifestyle decisions that you've made. These decisions come from somewhere – and if you don't change the decisions you make you'll end up right back in unwanted debt. These tools will help you to see how much you're spending so that you can root out your debt-making decisions and change your habits.

1) How Much Am I Spending?


2) What Is My Current Cash Flow?

3) How much am I spending?

4) Personal CPI Comparison Calculator: What's Your Cost of Living?

>>11 Debt Management Tools: Knock It OUT!
Knocking out unwanted debt requires all of your willpower. These tools will help your will stay strong by guiding you and showing you the progress you're making towards your goals. Debt management is within your reach – just learn these tools and you'll learn the satisfaction of accomplishment. Many of these tools here are spreadsheets.

1) Debt Management Spreadsheet


2) Credit Card Payoff Spreadsheet

3) Excel DebtTracker Spreadsheet

4) Credit Card Math is a free debt management tool

5) Paydown CreditCard Spreadsheet

6) DEBT REDUCTION PLANNER

7) Debt Management Software Tool

8) Debt pay-down adviser: What's the fastest and cheapest way to pay down your debts?

9) Debt Manager Calculator

10) Debt Repayment Calculator

11) HomeBrew Debt Tracking Spreadsheet (forum login required)

>>5 Snowball Repayment Calculators and Spreadsheets
Momentum. It starts out slow. And then it begins to pick up speed. And suddenly it's an avalanche that wipes out all the debt in its path! The debt snowball repayment process helps you build debt-busting MOMENTUM by paying off your lowest-value debts first. While it makes more financial sense to pay off the highest-interest loans first, this often doesn't provide enough early – and crucial – sense of accomplishment that builds into debt-free living.

1) Debt Reduction Snowball Calculator


2) Debt Snowball Calculator Spreadsheet

3) Interest First Snowball: Debt Elimination Calculator

4) Debt Snowball Payoff Spreadsheet

5) Snowball calculator

Snowball variation... The “Debt Snowball” Concept: How I Made It Work For Me

>>12 Debt Countdown Tools: How Long Will This Take to Pay Off?
Knowing how long debt takes to pay off can help you face the realities of your debt situation. Calculating the time it takes to repay debt can also serve to remind you why debt might not be the best choice for you right now.

1) Credit Card Pay off


2) Line of Credit Payoff

3) Debt Payoff Goal Calculator

4) How Long Will it Take to Pay off My Credit Card? (CardWeb)

5) When will you be debt free?

6) Debt Calculator: How long will it take to pay off your debt?

7) Time to Payoff Debt Calculator

8) What will it take to pay off my balance?

9) What will it take to pay off your credit card?

10) Student loan debt payoff calculator: when will you be free?

11) What will it take to pay off my balance?

12) What will it take to pay off my credit card balance?

>>10 Motivating Tools for Attacking Debt
Debt snowballs aren't the only way to stay motivated for busting the debt in your life. These tools will help you to stay motivated by looking at your bigger financial picture. Like the debt countdown tools above, these can also help stop you from making impulsive debt decisions.

1) Accelerated Debt Payoff


2) What Is The Value Of Reducing, Postponing or Foregoing Expenses?

3) The Financial Prioritizer

4) Consolidation Loan Investment Calculator

5) Extra Payments on Adjustable Rate Mortgages

6) Extra Payments on Monthly Payment Fixed-Rate Mortgages

7) Prepayment Calculator

8) What's it worth to reduce my spending?

9) Equity Line of Credit Payments

10) Loan & Credit Line Tax Savings

>>8 Tools for Calculating the TRUE Cost of Minimum Credit Card Payment
This section is easily summed up by one word: OUCH. Yes, credit card minimum payments hurt, and they hurt for a long time. Go ahead and run the numbers using one of the calculators below and you'll see why you can save yourself so much pain by cutting up those credit cards.

1) Credit Card Repayment Calculator


2) Credit Card Minimum Payment Calculator

3) The true cost of paying the minimum

4) Credit Card Minimum Payment Interest Calculator

5) Credit card minimum payment calculator

6) How much will the minimum credit card payment cost me?

7) Credit Card Minimum Payment Calculator

8) Credit Card Repayment Calculator

>>5 Calculators to Help Decide “Should You Consolidate?” Making the debt consolidation decision can be overwhelming, and it's full of complicated calculations. Use these tools to help guide your decision on the value of consolidating your debts. Once you run the numbers you might decide it's not worth it after all...

1) Should you consolidate your debt?


2) Should I consolidate my debts?

3) Should I Consolidate My Personal Debt Into A New Loan?

4) Should I consolidate my debts?

5) Does a cash-out refi make sense? See what it would cost to consolidate auto and credit card debt into a new mortgage.


>>24 Debt Consolidation Tools: Calculating the Value to Your Finances
Debt consolidation – like the debt snowball for some people – can have a profound impact on motivation towards a debt-free life. If you're simply using debt consolidation as a tool for prolonging lifestyle habits you can't afford then you need to scroll back up to the debt assessment section. Use debt consolidation to work your way back to a situation where you're consistently spending less than you earn.

1) Loan consolidation calculator


2) Direct consolidation loan calculator

3) Mortgage Debt Consolidation Calculator

4) Bill Consolidation Calculator v1

5) Federal Loan Consolidation Calculator

6) Student Loan Consolidation Calculator

7) Education Loan Consolidation Calculator

8) Credit Card Balance Transfer Savings Calculator

9) Debt Consolidation

10) Home Equity Debt Consolidation

11) Personal Debt Consolidation

12) Student Loan Consolidation and Debt Payoff

13) Debt Consolidation Calculator

14) debt consolidation calculator

15) Debt Consolidation Payment Calculator

16) Debt Consolidation Calculator

17) Personal debt consolidation

18) Home equity consolidation calculator

19) Loan consolidation calculator

20) Balance Transfer Calculator

21) Credit Card Optimizer

22) Credit card balance transfer calculator

23) Is a lower rate worth the annual fee?

24) Loan Comparison/Refinancing Calculator

>>4 Tools for Deciding to Pay Off More Debt or Invest the Surplus
Once making headway against debt and freeing up some monthly cashflow, some people wonder about investing the surplus rather than using it to paydown more debt. Use these tools to help guide your decisions.

1) Should I pay off debt or invest in savings?


2) Should I Pay Down Debt Or Invest My Monthly Surplus?

3) Loan Repayment Versus Investment Spreadsheet

4) Debt Investment Calculator

>>10 Advanced Debt Busting Kung Fu Tools
Some debt-busting tools give you “too much information.” However, once your debt-busting momentum builds, there may come a time for you when “too much” is just the right amount. These tools range from big picture to small picture across a range of financial intentions.

1) AceMoney Lite: freeware personal finance manager

2) GnuCash: personal and small-business financial-accounting software

3) Calculating Average Daily Balance With Free Spreadsheet

4) Dave Ramsey's Pro-Rata Debts Spreadsheet

5) Homeowner Affordability and Stability Plan Calculator

6) Increased HELOC Interest Cost Calculator

7) Blended Rate Calculator

8) Interest Only/Conventional Calculator

9) Interest Only-Calculator with optional fixed Pre-Payment

10) Interest Only Loans versus Conventional Loans

>>5 Bonus Tips, Tools and Resources
These resources stood out to us while researching and evaluating the calculators that made it into our collection. Their quality sets them apart and we think they will help you to build and keep your resolution to live with manageable debt – or even crush it from your life completely.

1) Personal Finance 101: Comparing Debts and Developing a Debt Repayment Plan

2) Rule #4: Eliminate (and Avoid) High Interest Debt

3) Playing with Numbers: Using Spreadsheets to Learn About Money

4) How to Open a Door with a Credit Card

5) The Descent into Credit Card Debt

A Note on This Collection + Our Sources
There's no one-size-fits-all calculators because everyone's situation is different. We hope that you found a tool above that will help you take more control of the habits and choices that created your debt in the first place.

We worked to remove duplicate calculators from the list, as there are several finance calculator building companies that supply calculators across the financial industry. However, we retained many similar-purposed calculators. Here's why: calculators CAN have bias, and in some cases companies use them to make you think your situation is worse, or even better, than it really is. While we tried to remove calculators from our list with blatant bias, it's always better to get a second or even third opinion.

Here are our debt calculator sources:

DinkyTown Financial Calculators (a calculator-building company)
Handy Personal Finance Spreadsheets
Free Spreadsheets, Tools, And Resources For Managing Finances
36 Money Management Tools, Financial Calculators & Spreadsheet for your Personal Finance
Hugh Chou's Mortgage and Financial Calculators
MoneySmartz List of Financial Calculator Lists
Business And Financial Converters and Calculators
WalletPop Financial Calculators
Financial Calculators from Bloomberg
Hundreds of Financial Calculators from CCH
A Great List of Financial Calculators from Choose to Save
CNNMoney Financial Calculators
Calculators from the U.S. Financial Literacy and Education Commission
Fool.com Financial Calculators
Investing and Finance Calculators
Kiplinger's Tools and Calculators
Yahoo Finance Tools and Calculators
Personal Finance Calculators from USAToday
online financial calculators from Time Value