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PlanMaker is widely regarded as one of the best free alternatives to Excel due to its near-perfect compatibility and low system requirements. Softmaker FreeOffice - 2020 Review

PlanMaker is the professional spreadsheet application included in SoftMaker Office, a comprehensive office suite. It is designed as a high-performance, GDPR-compliant alternative to Microsoft Excel, providing users with all the tools needed for complex calculations, data analysis, and visualization.

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There are open-source software solutions that offer functionalities similar to PlanMaker, albeit with a different user experience.

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It lacks a few highly advanced features found in the paid version (like specific administrative features or advanced macro support), but it is more than powerful enough for everyday home, school, and small business use.