Description
Debt Snowball Calculator – Google Sheets!
Take control of your debt with a proven method that works. Our Debt Snowball Calculator is designed to help you gain momentum, stay organized, and celebrate every win on your journey to financial freedom. It’s more then just a tool – it’s your personal roadmap to financial freedom. With clear organization, smart formulas, and real progress tracking, the debt snowball calculator helps you build confidence as your balances go down and that weight comes off your shoulders.
Whether you’re overwhelmed with credit cards, personal loans, student loans, or medical bill, this tracker gives you a step-by-step plan to tackle your debt in a way that feels motivating – not stressful.
What Is the Debt Snowball Method?
The debt snowball method is a debt repayment strategy that focuses on paying off your smallest debts first while minimum payments on the rest. As each balance is paid off, you roll the amount you were paying into the next smallest debt – like a snowball gaining size and speed.
This method works because it gives you early wins, which help you stay motivated and committed.
If you’re new to debt snowballing, check out our blog post “Beginner’s Guide to the Debt Snowball Method” for a full breakdown.
What’s Included In the Calculator?
- Google Sheets file – make a copy and save it to your personal google drive
- Separate Instructions tab to avoid confusion and frustration
- Input section for all your debts: Balances, minimum payments, interest rates
- Automatic calculations and payoff order using the snowball method
- Visual progress bar to track your total debt reduction
- Monthly payoff plan and debt-free goal projections
- Tab for tracker tab to keep track of your payments
- Clean and simple
Why Use This Debt Snowball Calculator?
Trying to keep track of multiple debts manually can get overwhelming. This calculator and tracker automates the process and makes it easy to stay focused. Just enter your numbers once, and the sheet will:
- Organize your payments focusing on the smallest balance first
- Show your estimated debt-free date
- Shows progress over time
- Encourages consistent payments by showing you what’s next
This template is perfect for individuals, couples, or families looking for a simple but effective way to ditch debt for good.
Bonus: Pay Off Debt Faster
The tracker includes a space for entering extra payments each month, which can shave months (or even years) off your repayment schedule. You’ll be amazed how small, consistent extra payments can lead to big savings in interest,
Want to learn how to find extra money in your monthly budget to pay off debt faster? Don’t miss this helpful article from NerdWallet: How to Pay Off Debt Using the Snowball Method
Format & Delivery:
- Digital Download
- Compatible on any device with Google Sheets app
- Fully customizable + reusable every month
Who is This Tracker For:
- Anyone juggling multiple debts and unsure where to start
- People who feel overwhelmed or stuck in a debt cycle
- Couples combining finances or working towards shared goals
- Budgeters already using a zero-based monthly budget system
- Fans of the Dave Ramsay debt snowball strategy
Pro Tip:
Pair this with our other templates in the shop to create a complete money management system.
Start Your Debt-Free Journey Today!
You don’t have to feel stuck anymore. With this debt snowball calculator, you’ll finally have a clear plan – and the tools to follow it. Watching your balances shrink and your confidence grow is one of the most empowering parts of taking control of your finances.
Download the tracker now and start your journey toward debt freedom – one small win at a time.
If you have any questions, please feel free to contact me at [email protected]
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