Download Free Financial Calculators and Templates for Excel

Last Updated Aug 1, 2010 11:59 PM EDT

No doubt you've heard that people only use 10% of their brain's potential. Well, that's utter, unmitigated bunk -- just like the myth that suicides skyrocket at the holidays. Either way, it's is no myth at all that most of us don't tap into more than a fraction of Excel's capabilities.

A big part of the reason why we don't get more out of Excel is that it's so difficult -- or at least time consuming -- to create a complex spreadsheet. That's okay, because someone has now done the hard work for you.

Vertex42 is a Web site chock full of free Excel templates you can start using today. Here you'll find a broad range of financial calculators for all sorts of business and personal financial applications. In fact, there are over three dozen here for the taking, in these broad categories:

  • Financial statements
  • Retirement calculators
  • Amortization calculators
  • Mortgage calculators
  • Loan calculators
  • Debt reduction calculators
The handful of calculators I tried are elaborate and attentive to detail, and come with enough built-in documentation to get you going quickly. In fact, some of the calculators even have their own video tutorials: