Debt Payoff Planner
Snowball or avalanche method debt payoff planning.
Getting out of debt is easier with a plan you can see. This free Debt Payoff Planner lists all your debts — balance, rate and minimum payment — and helps you follow a snowball or avalanche strategy, tracking your progress so you can watch the balances fall and stay motivated to debt-free.
How to use it: list each debt with its balance, interest rate and minimum payment, then choose your strategy and apply any extra payment to the target debt. Update balances as you pay, and watch your payoff timeline shrink.
Key features
- List all debts in one place
- Snowball or avalanche strategy
- Track progress to debt-free
- Stay motivated with visible progress
- Works in Excel and Google Sheets
This template is designed for individuals managing loans, credit cards or repayment plans who want a clear view of their debt situation — without the need for expensive specialist software.
The Debt Payoff Planner is part of our Personal Finance & Budgeting collection — downloaded 16 times and counting. Built from real-world experience by the ExcelGurukul team and tested across multiple industries and roles.
Frequently asked questions
Is the debt payoff planner free?
Yes, free with no registration.
What's the difference between snowball and avalanche?
Snowball pays smallest balances first; avalanche pays highest interest first.
Can it track my progress?
Yes, update balances to see your payoff timeline.
Which currency does it use?
Any — enter amounts in your own currency.