Debt Payoff Planner Spreadsheet, Snowball and Avalanche for Excel & Google Sheets

Get a clear, month-by-month plan to pay off your debt, and see the date you'll be debt free.

List your debts once (balance, APR and minimum payment), add the extra amount you can pay each month and choose Snowball or Avalanche. The Debt Payoff Planner works out the whole plan: which debt to pay first, how much to pay on each one every month, when each debt is gone, and how much interest you'll pay in total.

WHAT'S INCLUDED
• Dashboard: debt-free date, months to go, total interest, interest saved vs. paying only the minimums, and a balance-over-time chart
• Snowball vs. Avalanche comparison side by side, plus the minimums-only baseline
• Payment schedule: up to 20 years month by month, with the debt getting your extra payment highlighted
• Paid-off minimums roll into the next debt automatically
• My Debts tab for up to 15 debts with payoff month, payoff date and interest for each
• Progress tracker: log payments and statement balances (300 rows), with progress bars for every debt
• Start Here guide
• Two files: a blank planner and a filled-in example

WORKS WITH
• Microsoft Excel (2010 or later, Windows and Mac, and Excel online)
• Google Sheets (free): upload the file to Google Drive and open it with Google Sheets

HOW IT WORKS
1. Purchase and download instantly from your Etsy Purchases page.
2. Open the file in Excel, or upload it to Google Drive and open it in Google Sheets.
3. Enter your debts on the My Debts tab, then follow your schedule and log payments as you go.

PLEASE NOTE
• This is a digital download. No physical item will be shipped.
• Amounts are in US dollars ($). Currency formatting can be changed in your spreadsheet app.
• The plan is an estimate: it assumes fixed minimum payments, monthly interest (balance x APR / 12) and no new charges.
• For personal use. Please don't resell or share the file.
• Not financial advice.

How we make it: Every Penny & Pencil template and worksheet is designed in-house with AI-assisted tools, then each page, formula and answer key is checked and tested before it is listed.

Questions? Send us a message. We usually reply within a day.