It will then automatically calculate how many months it will take you to pay off each debt. The spreadsheet is highly customizable, allowing you to change each debt’s minimum payment, interest ...

While you could create a debt reduction spreadsheet on your own, doing so may be complicated and time-consuming unless you’re skilled with Microsoft Excel or Google Sheets.

"It is much more powerful and a good option for those who want to see as much detail as the Vertex42 Excel (spreadsheet), but in an online format," she explains.

This free, downloadable spreadsheet will give you a head-start on your debt snowball. Search markets. A magnifying glass. It indicates, "Click to perform ...

Investopedia found Debt Payoff Planner to be the best option for people focused on paying down multiple debts quickly and for as little interest as possible.

"I suggest that people pay off their debts from smallest to largest and ignore the interest rates entirely," he writes on his blog. "Sure, that 18% credit card debt might freak you out like crazy.