Budget & Debt Payoff Spreadsheet - Snowball or Avalanche (Sheets & Excel)

For anyone budgeting while paying off debt: see where your money goes each month and an estimate of when you'll be debt-free.

What you get

- Budget Plan: your own categories marked Income or Expense, each with a monthly budget (up to 39)

- Transactions (up to 1,999 rows): Date, Description, a Category dropdown linked to your plan, Amount; the Month fills in automatically

- Budget Dashboard: pick any month to see budget, actual, remaining and % used per category (overspent rows red), plus income, expenses, left over, savings rate and a chart

- Debt Payoff: up to 15 debts (balance, APR, minimum), an Avalanche/Snowball dropdown and an extra monthly payment. The debt to pay first turns green. Shows total debt, months to debt-free, total interest and a chart.

- Schedule: a month-by-month payoff simulation for up to 360 months, where paid-off debts roll their payment into the next one

- Savings Goals: target, saved so far, target date, needed per month, progress bars

- Instructions tab + 1-page Start Here PDF. Fictional DEMO rows (highlighted 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. Set your categories and monthly amounts on Budget Plan.

3. Log transactions as you spend; check the Dashboard for any month.

4. List your debts, choose Snowball or Avalanche, and add any extra payment.

Works in Excel and Google Sheets (upload the .xlsx to Google Drive, then File > Save as Google Sheets). No macros, scripts or add-ons. A file you keep: no subscription or app account.

Who it's for: anyone starting a budget, paying down credit cards or loans, or deciding between the debt snowball and avalanche methods.

FAQ

- Snowball or avalanche? Switch with one dropdown and compare months to debt-free and total interest.

- Is it financial advice? No. The figures are estimates.

- Is it a subscription? No. You pay once.

- Questions? hirelinetemplates@mail.grokbot.com

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