Being in debt stinks and sometimes it feels like you’ll never get out it.  But those that think they will never get out of it are the ones that don’t plan for the future.  Let’s face it, if you don’t have a game plan for the future, you’ll have no idea on when you can pay off your debts.  I did a little searching online and found out what seems to be the best debt calculators on the market.

CNN Debt Reduction Planner- The CNN calculator is probably one of the best ones online.  It’s not advanced yet it will tell you how long it’s going to take you to pay off your debt.  On this particular website, you will have to put in a credit card name (you can name it whatever), the balance, the interest rate and the minimum monthly payments.  From there, you’ll choose a plan.  Depending on how aggressive you want to be will determine how quickly you can pay it off.

MSN.com Evaluate Your Debt- The MSN calculator is by far the most advanced one on the market that I could find.  Unlike CNN’s, they were able to allow you to put information aside from your credit card debts.  Here, you’ll be able to put in your mortgage, car loans, etc.  At the end of the list, you’ll be able to submit it and get results instantly.  They will tell you your debt ratio as well as your ranking.

Bankrate.com Debt Calculator- This calculator offered by Bankrate is nice and simple but not as complex as the CNN one.  With Bankrate’s, you’ll enter your credit card balance and the rate.  With this one, you’ll only be able to do one credit card compared to CNN’s, where you can do up to 5.  None the less, if you’re looking for a simple calculator that gives you a deadline based on one card, this is worth checking out.

These calculators are great to use just simply based on the fact that they are free.  Why go somewhere and pay a few hundred dollars to get the same information these websites can give you?  Try out the three websites above or simply do a search online to find out which ones are best for you.