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Shelley Elmblad

Get Out of Debt with the Rapid Payoff Calculator

By , About.com GuideDecember 16, 2008

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Did you overspend while holiday shopping? There are a lot of reasons why people go into debt while holiday shopping, but now it's time to plan for paying off that debt as soon as you can.

ExcelGeek's Rapid Payoff Calculator will put together a plan for paying off up to 15 debts. This debt reduction tool is a spreadsheet template, and you need Microsoft Excel to use it (sorry, this one doesn't work with OpenOffice Calc). I like ExcelGeek's Rapid Payoff Calculator reports and graphs, and how it compares three types of paydown plans so you can choose the right plan to pay off your debt fast.

Learn more about and download ExcelGeek's Rapid Payoff Calculator at www.mdmproofing.com, and check out the free spreadsheet templates from It's Your Money while you're there.

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