Can be used as Excel Sheet, Numbers on Mac or Google Sheets
The Snowball Debt Calculator Spreadsheet
Take the guessing out of the equation and let the Snowball Debt Calculator do the work for you.
The "snowball method," simply put, means paying off the smallest of all your loans as quickly as possible.
Step 1: List your debts from smallest to largest regardless of interest rate.
Step 2: Make minimum payments on all your debts except the smallest.
Step 3: Pay as much as possible on your smallest debt.
Step 4: Repeat until each debt is paid in full.
See WHEN you will become debt-free!
✔ Enter up to 16 different debts!
✔ Play around with HOW MUCH extra to pay off each month and see how this changes the time taken to become debt-free! Don’t want to stick to the same amount each month? No problem, make one-off extra payments, and see the affect month-by-month! Perfect for irregular income
✔ See how each debt is PAID OFF over time with our ‘Debt Payoff Tracker’
✔ See WHICH debts to pay off first – according to the debt snowball method (smallest debts paid off first) - add up to 15 debts
✔ See a summary of all of your DEBT STATS; interest rates, minimum payments, balances left to pay and the time you will pay each off using this plan
✔ Fully AUTOMATED! - All you need to do is fill in the light blue boxes once with details of your debts. It does all the work for you
✔ View your total debt BALANCES, as well as the balance of each debt on a monthly basis
✔ Space for up to 16 different loans and over 120 months of payment slots included!
✔ Change and PLAY AROUND with the numbers/variables to see the effect on your payoff date
***There are no refunds due to the nature of this content
Get out of debt by using the Snowball Method Spreadsheet.