Debt Snowball Calculator

Debt Snowball CalculatorGet debt free quick with the debt snowball calculator.  The excel debt snowball spreadsheet has you enter all of your debt.  The excel spreadsheet then creates a debt reduction plan to pay off your debt as quickly as possible. Some additional features of the debt snowball worksheet is it allows you to add extra monthly payments to see the impact on your payoff dates. This is where you can see the impact of paying your highest interest rate debt first.

Most individual who are looking to become debt-free need a debt reduction plan that outlines how to pay off their debt.  The Dave Ramsey snowball spreadsheet uses the methodology that you pay off the debt with the highest balance first.  This is not the most efficient way to payoff debt.  This is why you should use the debt snowball spreadsheet, if you want to pay the least amount of .

How does the credit card payoff calculator work?credit card payoff calculator

The debt payoff spreadsheet was created by financial experts.  The debt snowball calculator will tell you how to eliminate your debt as quickly as possible, while paying the least amount of interest.  A debt snowball spreadsheet allows you to enter up to 8 different debt accounts.  These accounts include credit cards, auto loans, student loans and much more.  The It determines which debts to pay off first!  This takes allows you the comfort of knowing you are saving as much money as possible.

Debt Snowball Spreadsheet ExcelAre you ready to get started using the debt snowball calculator?

You’ll need to first get a list of all of your debt accounts.  This can include student loans, credit cards, auto loans, hospital bills and much more.  For each debt account you’ll need to include the balance, current APR, and the minimum payment.  After this information has been entered into the debt payoff planner you’ll be able to see a summarized view of your debts and the payoff dates.  The debt snowball calculator will create a customized debt reduction plan that has a custom pay off schedule.  The debt snowball spreadsheet will also graph all of your account balances.