Debt Snowball & Avalanche Calculator – Debt Payoff Tracker, Sheets & Excel

See which payoff method gets you debt-free faster, then track every payment.

List your debts once. The dashboard runs both methods so you can see months to debt-free, total interest and the debt-free date for each.

What's included (debt-snowball-avalanche-tracker.zip: debt-snowball-avalanche-tracker.xlsx + start-here-debt-snowball-avalanche.pdf)

• Debt Payoff: up to 15 debts (balance, APR, minimum), your extra monthly payment, and a chosen-method dropdown. The debt to pay first turns green. Months to debt-free and total interest for your plan, with a chart.
• Dashboard: Snowball vs. Avalanche side by side, with months to debt-free, total interest, debt-free date, first debt to attack, and how much Avalanche saves. Also your chosen method, starting debt, total paid and payments logged, paid % per debt, and a "Snowball vs Avalanche" total balance line chart (60 months).
• Schedule, Snowball Schedule, Avalanche Schedule: month-by-month simulations for up to 360 months (30 years), where paid-off debts roll into the next one
• Payment Log (up to 999 rows): date, a debt dropdown from your list, amount paid, note
• Instructions tab + 1-page Start Here PDF. Estimates only, not financial advice. Fictional DEMO rows (yellow) show how it works. Delete them to start.

How it works

1. Open the .xlsx in Excel or save it as a Google Sheet.
2. List your debts and your extra monthly payment.
3. Compare the two methods on the Dashboard and pick one.
4. Log each payment and watch the paid % per debt.

Compatibility: Google Sheets and Microsoft Excel. In Google Sheets, upload the .xlsx to Drive, then choose File > Save as Google Sheets. No macros, scripts or add-ons. Your copy stays private to you.

Who it's for: anyone paying off credit cards, loans or medical debt who wants to choose a method and stay on track.

FAQ

• How is this different from the Monthly Budget & Debt Payoff Planner ($9)? That planner is a full budget (categories, transactions, monthly dashboard, savings goals) with a debt planner that runs one method at a time. This $5 tracker does debt only, but goes deeper: both methods side by side with the interest difference and debt-free dates, a comparison chart and a payment log. If you already own the planner, you only need this for the comparison and payment tracking.
• Is it financial advice? No. The results are estimates from the numbers you enter; real interest may differ.
• Is it a subscription? No. You pay once.
• Questions? hirelinetemplates@mail.grokbot.com

Cross-sell: Need a full budget too? See the Monthly Budget & Debt Payoff Planner ($9, https://payhip.com/b/Is04a) or the Personal Finance Bundle ($22, https://payhip.com/b/jhoZ7). Track the result with the Net Worth Tracker ($5, https://payhip.com/b/lFIib).