Debt Snowball Spreadsheet and Debt Payoff Calculator (Snowball vs Avalanche)
Up to 10 debts: your estimated debt-free month and what to pay each month, Snowball vs Avalanche. Excel and Google Sheets.
$5 on its own, or get it with 12 more home money spreadsheets in the Complete Household Money Bundle for $29.
Works in Google Sheets and Excel · Instant download · Nothing shipped
What you get
Real screenshots of the actual tabs, taken from the same .xlsx file you download. All numbers are example data.
Who this is for
- You have up to 10 debts and know each balance, minimum payment and APR.
- You want to compare Snowball and Avalanche side by side before you pick one.
- You want a month-by-month payment plan you can tick off.
Who it's not for
- Not for you if you want it to pull balances from your accounts. You type them in.
- Not for you if you need interest exact to the penny. It estimates monthly (APR ÷ 12).
- Not for you if you want personal advice on what to pay. It's a planning tool, not financial advice.
Need more than one?
This sheet is one of the 13 in the Complete Household Money Bundle. Get all 13 home money spreadsheets for $29 (about $69 if bought one by one).
Get the bundle on Payhip – $29 See what's in the bundle
Need the home and the business sets? The Everything Bundle (what's inside) has all 22 (21 spreadsheets + the website template) for $39, about $149 if bought one by one.
Instant download. Works in Google Sheets and Excel.
Instant digital download, sold through Gumroad. Good for: debt snowball, debt payoff, debt tracker, debt avalanche, google sheets, excel template, budget spreadsheet, debt free, personal finance, spreadsheet.
2 separate spreadsheets (.xlsx files) in one zip: Debt Snowball Planner v2, Debt Snowball Planner. Each works in Excel and Google Sheets (import the .xlsx) and opens on a Start Here tab with a short how-to.
How it works
- Download the zip after checkout and unzip it.
- Open each .xlsx in Excel, or upload it to Google Drive and open it with Google Sheets.
- Delete the example rows and type in your own numbers.
Previews and the files use example data only.
What's inside
- My Debts: up to 10 debts, with balance, minimum payment and APR, plus your monthly budget. It warns you if the budget is below your minimums.
- Dashboard: months to debt-free, debt-free date, estimated total interest and total paid for both methods, the interest the Avalanche method saves, the payoff order and a chart of your balance over time.
- Snowball and Avalanche schedules: month-by-month payments for up to 30 years. When a debt is paid off, its payment rolls over to the next one automatically. There's a "Done" column so you can tick off each month.
- A Start Here tab and a quick-start README.
Good to know
- Interest is estimated monthly (balance × APR ÷ 12). Real statements will vary slightly because of daily interest, fees and rate changes.
- This is a planning tool, not financial advice. It doesn't connect to your accounts.
- The previews show example debts. Replace them with your own.
- License: for personal use only.
Previews
Works in Google Sheets and Excel · Instant download · Nothing shipped
Try the free debt payoff calculator (snowball vs avalanche) →
Try the free credit card payoff calculator →
Try the free debt-to-income ratio calculator →
Try the free loan extra payment calculator →
Frequently asked questions
Which apps does it open in?
Excel 2016 or newer (including Microsoft 365 and Excel for the web) and Google Sheets: upload the .xlsx to Google Drive, then open it with Google Sheets.
What happens after checkout?
Gumroad emails you a receipt right after checkout; click View content in it to open your download page. You download a .zip with the .xlsx file(s) and a short how-to. It's an instant digital download; nothing physical ships.
Can I edit it?
Yes. Nothing is locked: rename categories, add rows, change colors and type over the example data.
Does it connect to my bank or send reminders?
No. It's a spreadsheet, not an app: you type in your own numbers and nothing is synced or sent.
Are the numbers in the previews real?
No. Previews and the file use example data only. Delete the example rows and add your own.
Can I get a refund?
It's a digital download, so if something doesn't open or work, reply to your Gumroad receipt and I'll help fix it. Refund requests are handled under Gumroad's refund policy. If you bought it on Payhip, message the shop there.
Is this financial advice?
No. It's an organizing and planning tool with example numbers, not financial, tax, legal or medical advice.
Works in Google Sheets and Excel · Instant download · Nothing shipped
Free guides that use this sheet
- Debt Snowball Worksheet: How to Fill One Out (Example)
- How to Pay Off Medical Debt (Example Numbers)
- How to Pay Off Multiple Credit Cards (Example Numbers)
- What to Do After You Pay Off a Debt (Checklist)
- How to Pay Off Debt on a Low Income (Example Numbers)
- How to Read a Credit Card Statement (Example Numbers)
- How to Make a Debt Payoff Plan in a Spreadsheet
- How to Pay Off a Car Loan Early (Example Numbers)
Pairs well with
Paycheck Budget Planner ($7)
Find the extra money to put toward debt each payday.
Not ready to buy? Start with the free Starter Budget Sheet.