Debt Snowball vs Avalanche Worksheet
Free downloadSee the snowball and avalanche answers for your exact debts, side by side, before you commit to a plan.
Features
- Up to 6 debts with balances, APRs and minimum payments — plus the extra amount you can pay each month
- Two full month-by-month payoff schedules (120 months): one snowball, one avalanche, updated from your numbers
- A head-to-head verdict: months to debt-free, total interest and total paid for each method, and the difference
- Automatic payoff orders for both methods, and a warning if a minimum payment doesn't cover a month's interest
- Sample debts included (the same set as the Debt Payoff Planner) so you can see it working first
How to use it
- List your debts on the Debts tab — name, balance, APR and minimum payment for each
- Enter the extra amount you can put toward debt each month, and your start date
- Compare the two schedules, then read the verdict on the Comparison tab
- Pick the method you will actually stick to — the maths favours avalanche, the motivation often favours snowball
Format: Excel (.xlsx — also opens in Google Sheets) + printable PDF
New to the two methods? Read debt snowball vs avalanche, run your own numbers in the free debt payoff calculator, or plan one method in depth with the Debt Payoff Planner in this library.