Debt Payoff Calculator

Description

Take Control of Your Debt — Starting Today

Most people with debt know they need a plan. What they don’t have is the right tool to actually see it. This spreadsheet calculator gives you a clear, actionable picture of your debt payoff path — both the avalanche and snowball strategies — so you can pick the one that fits your situation and start moving.

📋 What’s Included

• Debt Input Sheet — enter up to 20 debts with balance, interest rate, and minimum payment
• Avalanche Payoff Schedule — highest interest rate first, lowest total interest paid
• Snowball Payoff Schedule — smallest balance first, fastest psychological wins
• Side-by-Side Strategy Comparison — see which method gets you debt-free sooner and the interest cost of each
• Extra Payment Modeler — model what adding $50, $100, or $200/month does to your payoff timeline
• Monthly Payoff Schedule — a month-by-month breakdown of what to pay on each debt
• Interest Savings Summary — see the real total cost of your debt under each strategy
• Estimated Debt-Free Date — know exactly when you could be done

🔧 How It Works

1. Download instantly after purchase. Works in Microsoft Excel and free Google Sheets.
2. Enter your debts — balance, interest rate, and minimum payment for each one.
3. See both plans — the calculator instantly builds both avalanche and snowball schedules, showing your estimated debt-free date and total interest for each.

No formulas to build. No setup required. Open it, fill in your numbers, get your plan.

💰 Who This Is For

• Credit card carriers juggling multiple balances and rates
• Student loan borrowers trying to find the fastest path out
• Anyone who just consolidated debt and needs a plan to stay on track
• Wealth beginners who know debt payoff comes before wealth building
• People who want full visibility without an app subscription

💬 From Bobby

When I was digging out of debt, I couldn’t find a simple tool that showed me what I actually needed: when will I be done, and which strategy saves me the most money? Every app wanted a subscription. Every free calculator was too basic. So I built my own. This is that spreadsheet — cleaned up and ready for you. I paid off my debt using a plan exactly like this. I hope it gets you there too.

— Bobby Cowart, Hunter of Money

Disclaimer: This tool is for educational purposes only and does not provide personalized financial, legal, or tax advice. Estimated payoff dates and interest figures are based on the information you enter and assume consistent payments with no new charges. Actual results will vary. Consider speaking with a qualified financial professional for guidance specific to your situation.