Free Excel & Google Sheets template

Free Debt Snowball Calculator

A debt snowball pays off your smallest balance first, then rolls that payment into the next one. In the sample, 9 debts are paid off in 71 months, saving $26,954 of interest against paying minimums only.

Download free (.xlsx)

No sign-up, no email. Works in Excel or Google Sheets, no macros.

Debt Snowball Calculator filled in with sample debts

How to use it

List each debt: what you owe today, the interest rate (APR) and the minimum payment.
Enter the total you can pay toward debts each month.
Read your debt-free date, the payoff order and the interest you save against paying minimums only.