Snowball vs. avalanche, which is this for?

This worksheet is set up for the snowball method (smallest balance first); use the Debt Payoff Tracker if you're comparing by interest rate instead.

How many debts fit on one sheet?

8 rows, enough for most people's full debt list.

Free Debt Snowball Worksheet Printable

The debt snowball method pays off the smallest balance first for quick wins, then rolls that payment into the next one. This worksheet lays out the payoff order clearly.

Debt Snowball Worksheet
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Debt	Current Balance	Payoff Order	Target Payoff Date

How to Use This Printable

List every debt with its current balance.
Order them smallest balance to largest in the Payoff Order column.
Set a target payoff date for each based on your available extra payment.
Cross off debts as they're paid in full, and roll that payment into the next one.

Ideas for Using This Printable

Pair with the Debt Payment Log for detailed tracking of whichever debt is currently being targeted.
Recalculate target dates whenever your extra payment amount changes.
Celebrate each payoff, that's the whole point of the snowball method.

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FAQ

Snowball vs. avalanche, which is this for?: This worksheet is set up for the snowball method (smallest balance first); use the Debt Payoff Tracker if you're comparing by interest rate instead.
How many debts fit on one sheet?: 8 rows, enough for most people's full debt list.