Rich Brother Finances
Rich Brother Finances
Feeling overwhelmed by multiple debts? You’re not alone — and there’s a simple way to take back control. Our free Debt Snowball Spreadsheet is the perfect tool to help you organize your payments, track your progress, and finally become debt-free — one step at a time.
Built on the powerful Debt Snowball Method, this user-friendly spreadsheet works in both Excel and Google Sheets. It helps you:
List and prioritize all your debts (credit cards, personal loans, student loans, and more)
Automatically calculate interest and monthly payments
Stay motivated with a visual progress tracker
Create a realistic, step-by-step debt repayment plan
No more guesswork. Just a clear, simple roadmap toward financial freedom.
Whether you’re starting your debt-free journey or need help getting organized, this spreadsheet makes it easier to stick to your plan and see real progress.
The Debt Snowball Method is a powerful strategy where you pay off your smallest debt first, regardless of interest rate. Once that debt is gone, you roll the amount you were paying into the next smallest debt — creating a “snowball” of growing payments. This method builds momentum, motivation, and confidence as you see debts disappear one by one.
From personal experience, the snowball method is a game-changer — especially if you’re juggling multiple debts with interest piling up. By focusing on quick wins, you stay motivated. And the best part? As you roll payments forward, you can dramatically shorten your repayment timeline. A debt that originally looked like 36 months to pay off can shrink to just 18 or 20 months using this approach.
It’s simple, effective, and incredibly satisfying.
✅ Add unlimited debts: name, balance, interest, and due date, its best if you add a name, do not leave it like (debt 1 or card1) because on the statement given, it will be easier for you.
✅ Track total interest paid and remaining balance, so you have clearer vision on your progress.
✅ Apply extra monthly payments to smallest debt first, this is how it works usually, but make sure to double check and make the smallest payment first.
✅ Visual charts and timeline to track progress, you can save them, they are actually very motivating.
✅ Add your goal, it help you pushing yourself harder towards your goal.
This tool is perfect for:
Individuals managing multiple credit cards or loans
People following the Dave Ramsey debt snowball plan
Budgeters using printable and digital financial planners
Anyone wanting a simple, visual debt payoff plan
Unlike generic budget spreadsheets, this template is designed specifically for debt payoff motivation. You’ll see exactly how your balances shrink, your interest reduces, and your snowball grows every month.
