Debt snowball and avalanche planner
List your debts with their balances, rates and minimum payments. Choose a method and the extra amount you can put towards debt each month; the planner orders the debts, rolls each paid-off payment into the next one and shows when you will be debt-free.
Debt snowball and avalanche planner
Download template (10 KB)The file contains only formulas and example numbers — no macros, no links, nothing that connects to the internet.
What's inside
- Up to 10 debts with balance, rate and minimum payment
- Snowball (smallest balance first) or avalanche (highest rate first)
- Payoff order with month and date for each debt
- Debt-free date and interest compared with minimum payments only
Prefer to calculate online? Use the Credit card payoff calculator.
How to use it
- Download the file with the button above and open it in Excel, Google Sheets (File → Import), LibreOffice or Numbers.
- Fill in the yellow cells — they hold your own numbers. The example values show the expected format.
- Everything else is worked out by formulas. Save a copy whenever you want to keep a snapshot.
Common questions
Snowball or avalanche — which is better?
Avalanche saves the most interest. Snowball clears small debts first, which many people find more motivating. The planner lets you switch and compare.
What if a minimum payment is too small?
If a minimum doesn't cover the monthly interest, that debt never shrinks on its own; the planner flags it so you can raise the payment.
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