Debt Snowball & Avalanche Spreadsheet | Debt Payoff Planner

Which method gets you out of debt faster, and how much interest does each one cost? This spreadsheet answers both questions in seconds. Every minimum gets paid, extra money goes to the priority debt, and when a debt is gone its payment rolls to the next one automatically.

What's included

• Debts tab: up to 8 debts with balance, APR and minimum payment, plus your monthly budget
• Snowball schedule (smallest balance first), up to 360 months
• Avalanche schedule (highest interest first), up to 360 months
• Compare tab: months to debt-free, debt-free date, total paid, total interest, interest saved, balance chart
• Warning if your budget doesn't cover the minimums

Who it's for

• Anyone paying off credit cards or loans
• People deciding between snowball and avalanche
• Excel and Google Sheets users

Good to know

• Excel, Google Sheets and LibreOffice.
• The schedule was cross-checked against an independent calculation before release.
• Estimates only: lenders may calculate interest differently. Not financial advice.

Format

Instant digital download: one ZIP file with XLSX files. You also get the download link by email.

Personal-use licence. Instant download after checkout.