Debt Freedom Planner — Snowball & Avalanche Payoff Tracker (Excel)

 Stop guessing which debt to attack first. Automatically ranks your debts using Snowball or Avalanche — see your real payoff date and total interest saved.

Stop guessing which debt to attack first.

This Excel planner does the math for you — automatically ranking your debts for both the Snowball method (smallest balance first, for fast wins) and the Avalanche method (highest interest first, to save the most money) — so you can see exactly which strategy gets you debt-free faster, and which one saves you more in interest. Built by an 18-year banking credit-risk professional.

WHAT'S INCLUDED

- Instructions tab — a simple, color-coded guide so you're never confused about what to edit

- Debt Input — enter up to 10 debts once; the sheet auto-ranks them for you

- Snowball Plan — smallest balance first, for quick psychological wins

- Avalanche Plan — highest interest rate first, to minimize total interest paid

- Monthly Progress Tracker — log your balance each month with an automatic progress bar

- Dashboard — a one-page summary comparing both strategies side by side, with a built-in chart

WHY THIS ONE'S DIFFERENT

Every number is a live formula, not a static template. Enter your balances, interest rates, and minimum payments once, add an extra monthly payment amount, and the workbook calculates your realistic payoff timeline and total interest for both strategies — built using real amortization math, not guesswork.

Format: Excel (.xlsx) — also works in Google Sheets. Instant download.

Whether you're a "quick wins" person or a "save every dollar" person, this planner shows you the real numbers behind both approaches — so you can choose with confidence instead of guessing.