Debt Reduction Calculator

This comprehensive debt reduction calculator helps users manage and track the payoff of up to four credit cards. It allows you to input individual credit card details including current balance, interest rates, and extra payment amounts. The spreadsheet automatically calculates monthly payment breakdowns, tracks principal vs. interest payments, and projects payoff timelines. With separate sheets for each credit card and a master summary sheet, users can visualize their entire debt reduction strategy and see how extra payments accelerate payoff dates. This tool is especially useful for those implementing debt payoff strategies like the avalanche or snowball method.