Debt Payoff System (excel)

Enter up to eight debts, their balances, interest rates, and minimum payments, then add whatever extra amount you want to model each month.

• Choose your method. Snowball starts with the smallest balance. Avalanche starts with the highest interest rate. 
• See the month-by-month plan. The workbook estimates payments by debt, interest, remaining balances, and a payoff month within its 120-month forecast.
• Track what you actually paid. A separate log records planned and actual payments alongside statement balances.

The forecast uses fixed rates and minimums and assumes no new charges or fees.