Debt Snowball Spreadsheet Excel & Google Sheets, Debt Payoff Tracker with Avalanche Calculator, Payoff Schedule, Up to 10 Debts

Pay off your debts faster with a plan you can actually follow. Enter up to 10 debts, pick snowball or avalanche, add the extra amount you can pay each month, and the spreadsheet builds the month-by-month payoff schedule for you.

WHAT YOU GET
• 1 Excel file (.xlsx) in English with 4 sheets: Instructions, Settings, Debt Payoff, Payoff schedule
• Example rows to overwrite and step-by-step instructions inside the file

WHAT IT CALCULATES
✔ Up to 10 debts with balance, interest rate (APR) and minimum payment
✔ Snowball (smallest balance first) or avalanche (highest rate first), with the payoff order worked out for you
✔ Months until debt-free and total interest for your plan, compared with paying minimums only
✔ Both methods side by side, so you can see which one saves more
✔ A month-by-month payoff schedule for every debt: payment, balance left and the money passed on to the next debt, plus total interest per debt
✔ Your currency symbol: $, £, € or any other

HOW IT WORKS
1. Settings: check the year and the currency symbol
2. Debt Payoff: enter your debts, choose the method and your extra monthly payment
3. The payoff schedule updates automatically

LIMITS
• A simplified estimate: fixed interest rate, fixed payments, no new charges
• Entries are typed in; there is no bank connection
• Formulas tested by full recalculation in Excel for Microsoft 365; calculations also checked in Google Sheets. No macros.
• Want the full picture? This sheet is also part of our Budget Planner 2027 (budget, transactions, savings goals, debt payoff and bills in one file)

⚠ Digital download: nothing will be shipped. This template helps you organise your money; it is not financial advice.