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Debt Snowball & Avalanche Calculator
A debt elimination calculator comparing Debt Snowball (lowest balance first) vs. Debt Avalanche (highest interest first) with debt-free dates.
Download Free Spreadsheet (.xlsx)
Direct client-side generation. Compatible with Microsoft Excel 2016+, Office 365, Google Sheets, and LibreOffice Calc.
Interactive Spreadsheet Preview
Live view of the pre-formatted columns and automated cell formulas included in your download file.
| Creditor / Debt Name | Balance ($) | APR (%) | Snowball Order |
|---|---|---|---|
| Visa Credit Card | $3,400.00 | 22.9% | Order 1 (Smallest) |
Key Template Features
Pie Donut Chart: Debt balance distribution by creditor
Pre-Configured Excel Formulas
=INT(Balance / Payment) — Months to Complete Debt PayoffWho Uses This Template & Why
🎯 Target Users
Individuals paying off credit cards, student loans, and personal loans looking to become 100% debt-free.
🚀 Real Problem Solved
Not knowing which debt to pay off first. This sheet compares total interest saved between Snowball vs. Avalanche.
How to Use with Google Sheets
- Click Download Excel File to save the
.xlsxfile to your computer. - Open Google Drive in your web browser.
- Click + New → File Upload and choose the downloaded file.
- Double-click the uploaded file in Google Drive to open it directly as a native Google Sheets document with all formulas intact.
100% Free & Open Source Spreadsheet Generator • No Registration Required • Built with ExcelJS