Debt Payoff Tracker | Snowball and Avalanche Methods for Excel & Google Sheets

Debt has a way of feeling endless because you can’t see the finish line. This tracker draws it for you. Enter your balances, choose snowball or avalanche, set whatever extra you can spare, and it answers the one question that actually matters: when am I done? You get an exact debt-free date, the interest you’ll save, and the precise order to attack your debts.

Built for anyone paying down multiple cards or loans who wants a real month-by-month plan: not a rough guess and not another app with a subscription.

WHAT YOU GET

✓ Debt-Free Countdown dashboard — your debt-free date, months to go, interest saved, and your next target, all in one glance
✓ A true payoff engine — every freed-up minimum payment automatically rolls into the next debt, month by month, exactly like a real snowball works
✓ Snowball vs Avalanche vs minimums-only — all three compared side by side, with the debt-free date and total interest for each, so you can choose with your eyes open
✓ Order of attack — your debts auto-sorted by your chosen method, each with the month it clears
✓ Balance-over-time chart — watch your total balance fall on your plan versus paying minimums only
✓ Debts tab for up to 12 balances — cards, loans, medical, and more, with a warning if a minimum doesn’t cover that debt’s interest
✓ Payment Log — record every real payment as proof of progress you can see
✓ Numbers tab — set your plan start month once, and every date calculates automatically
✓ Start Here tab with a guided setup, plus a free Google Sheets copy link
WHY YOU’LL LOVE IT
✓ See the exact month your last debt falls — a date you can plan your life around
✓ Know the dollars you’re winning back — the interest your plan saves versus minimums only
✓ Settle snowball vs avalanche in seconds instead of second-guessing for months
✓ Everything calculates automatically — just type into the colored cells, no formulas to build, no macros
✓ A calm, premium layout in deep green and gold — a debt tool you’ll actually want to open

FORMATS & INSTANT DOWNLOAD

Works in Microsoft Excel (.xlsx) and Google Sheets (free copy link included). Instant download · No subscription · No sign-in required.

HOW IT WORKS

1. Buy and download instantly.
2. Open in Excel, or copy the Google Sheets version to your own Drive.
3. Set your start month, list your debts, pick a method and your extra payment — your debt-free date, chart, and payoff order are all pre-built.

MORE FROM PLAIN LEDGER

Paid every two weeks? Extra payments are easier to find when your budget thinks in paychecks. The Paycheck Budget Planner maps every bill to the check that covers it and finds the two extra-check months each year, the perfect fuel for your payoff plan. Find it in our shop.
Once your debts are clearing, the Net Worth & Wealth Planner is the natural next step. It turns your freed-up cash into a forecast for building wealth. Navigating a layoff or freelancing? Pair this with the Severance & Unemployment Budget Planner or the Self-Employed Finance Tracker.

PLEASE NOTE
This template is for planning and motivation. It is not financial, tax, or credit advice. Rates, fees, and terms vary by lender; use your real numbers and confirm details with your statements. As an instant digital download, all sales are final. Please message me first with any questions and I’ll gladly help.