Snowball Debt Calculator

There are a few pay off calculator s online that offer a debt snowball calculator like the proprietary one below.  To be honest, the best one I have come across is the debt snowball calculator found at Trees Full Of Money. This is a really great site with lots of useful debt management information, and a very inspirational story on getting on top of debt. He got on top of a large amount of consumer debt  (mostly from automobile purchases) and hit it hard early. Check it out, it is a good read and you will learn some new approaches.

Pay Off Calculator

The webmaster Ben is a great communicator with a nice relaxed style, and shares willingly his approach to getting out of debt. The pay off calculator, or debt snowball calculator, is a fairly straight forward excel spreadsheet, with a few complex calculations that would take a lot of time to figure them out yourself. And the best part is it is free. So go and check it out at Ben’s blog, give him a tip for his trouble, and use this amazingly cool tool.

It is an important skill to identify your outstanding liabilities and chart a path for success. It is the old management credo – what you cant measure you cant manage. So measure your starting debt, work out a plan to get rid of it, manage it, and plot your successes. And dont forget to celebrate your successes as well.