Snowball & avalanche, side by side.
Debt Payoff Planner
Get out of debt faster — and see your debt-free date before you make a single payment. The planner runs both proven strategies so you can choose with confidence.
On a budget? The free Debt Payoff Planner (lite) covers the basics for free. This Pro template adds a month-by-month payoff schedule, a balance-over-time chart, your projected debt-free date, the rollover effect, and support for up to 6 debts.
What's inside
- Side-by-side comparison: months to debt-free and total interest for snowball vs. avalanche, with how much each saves you
- Your debt-free date: pick a strategy and instantly see when you'll be free
- Month-by-month payoff schedule with a balance-over-time chart
- Automatic payoff order based on the strategy you choose
- The rollover effect built in: when one debt is paid off, its payment rolls onto the next
- Supports up to 6 debts; pre-filled with example data so you can see it work
Frequently asked questions
What is the difference between snowball and avalanche?
Snowball clears the smallest balance first for quick wins; avalanche targets the highest interest rate first to pay the least interest. The planner shows both.
Does it work in Google Sheets?
Yes, in both Microsoft Excel and Google Sheets.
Is it a one-time purchase?
Yes. One file, lifetime access, every formula built in.
Planning disclaimer
These templates are tools for personal planning and organization only. They do not provide personalized financial, investment, tax, legal, or accounting advice.
Other templates
- Annual Budget & Expense Tracker — Auto-updating dashboard for your whole year.
- Monthly Bill & Subscription Tracker — See what your subscriptions really cost.
- Savings Goals Tracker — Hit every goal on time.
- Personal Finance Starter Bundle — All four templates — save $15.