Why Our Tool is Better Than a Debt Spreadsheet

The Appeal of the Debt Spreadsheet

For decades, spreadsheet software like Microsoft Excel and Google Sheets has been the go-to for people looking to take control of their finances. It makes sense: they are flexible, powerful, and many people already have them.

However, when it comes to creating and managing a long-term debt payoff plan, the manual nature of a spreadsheet introduces several hidden risks and frustrations.

The Downsides of a Manual Spreadsheet

• Easy to Break: One wrong formula or an accidental deletion can break the entire calculation, leading to an incorrect payoff plan without you even realizing it.
• Time-Consuming: You have to manually update every single balance, every single month. To change strategies from Snowball to Avalanche, you have to re-sort and re-calculate everything by hand.
• Not Truly Mobile-Friendly: While you can open a spreadsheet on your phone, they are often difficult to use and view on a small screen.
• Not Motivating: A wall of numbers in a grid isn't very inspiring. It's hard to visualize your progress and celebrate your wins.

The Smarter Alternative: A Dedicated Web Tool

Our Debt Payoff Planner was built to solve these exact problems. It takes the power of a spreadsheet and combines it with the safety and convenience of an automated web application.

• Always Accurate: Our calculation engine handles all the complex math for you, ensuring your plan is always correct.
• Instantly Compare: Switch between the Snowball and Avalanche methods with a single click to instantly see the difference in your payoff date and total interest paid.
• Works Everywhere: Our tool is designed to work on any device, from your desktop computer to your phone, so you can check your plan anytime.
• Visualize Your Success: With our Pro version, you can unlock a full visual dashboard with charts that bring your progress to life.