Debt Snowball Calculator: Excel Spreadsheet

How I Crunched My $40,000 debt Thanks To The Debt SnowBall

Discovering and avoiding the #1 financial mistake for a secure financial future.

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You see,

often when you talk about paying your debt off, folks will get you into thinking

“it’s better to get started investing instead of paying off debt.”

On paper they are right., making a 7% return on an investment is better than paying off a debt with a 4% interest rate. leveraging your investments with low interest loans is a great way to build wealth.

But life does not work this way…

Imagine you're going about your day, minding your own business, and suddenly your car breaks down, and it needs some costly repairs, Or maybe your trusty old laptop decides to call it quits

Without any debt payments, it’s much easier to find the money to pay these expenses without digging yourself into a hole. With Debts, you're left scrambling to find a replacement, money and all.

Clear Your Debts In Few Months - Fast & Simple

Having no loan payments, and being indebted to no one was like a weight was lifted off our shoulders.

"I gained control in my finances,

my confidence grew, and my relationship with money changed for good"

I knew we could never take on bad debt again.

You see,

The debt snowball reducing strategy that works by paying off one loan at a time, starting with the smallest.

I was making an average wage doing freelance web design.

I didn’t have a ton of money to spare, and also wanted to buy a home eventually.

I rented a small apartment and started trying to figure out how I am going to save up the $30k or so we would need to purchase a home

With no savings and a huge debt of $40,000 

Which included $5k in credit card debt, my student loan (20k), and 2 car loans (15k). A total of $40,000.

The debt snowball is simply a debt reducing strategy where you 

In my case , that meant paying off our credit card debt, starting with the smallest amount.

 I had a couple of cards with a few thousand dollars each on them. I put as much as we could towards the first card until it was paid off. 

To make the math easy,

Let’s say I had a minimum payment of $50 and we added another $450/mo towards that card until it was paid off.

The first card was paid off in a few months at a rate of $500/mo. One loan down!

Next I took the $500/mo we were putting towards that first credit card, and put it towards the next highest debt.

 In this case it’s another credit card.

 I took the $500 from before, plus the minimum payment I was  already paying on this new card (another $50), 

It was more like $550/mo I could pay down.

The reason I love this method is because paying off the small loans first keeps you motivated.

To help others do lift a heavy weight off their shoulders,

I have packed all you’ll need to effectively use this method in an All In One Debt Snowball Spreadsheet

1.  Organized : No more struggling to handle multiple debts at once. This debt snowball spreadsheet provides a clear and concise platform to input all your debts, from credit cards to loans.
2. Effective Snowball: Embrace the power of the debt snowball strategy! Prioritize your debts from smallest to largest, and you’ll make great progress paying off small balances first.
3. Instant Results: Instantly see the impact of your payments on your debt balances! This debt snowball worksheet calculates your remaining balance, interest accrued, and projected payoff date, ensuring you're always informed.

Life is much easier when your debt is clear

Click ‘I Want This’ & Get This Spreadsheet Financial Freedom  Awaits You!