Debt Payoff Planner Excel Template

Enter your credit cards and loans a single time and find out the month you'll be debt-free, the interest you'll pay along the way and what you save next to paying just the minimums. This debt payoff planner works through every month, with interest, each payment and each balance, and redraws the plan as soon as you change your budget or strategy.

Can't choose between snowball and avalanche? The compare tab runs both, and minimums only, on your own numbers, then sums it up in one plain sentence. You can also set your own order. Freed-up minimums roll onto the next debt automatically, and up to 12 one-time extras, like a tax refund or a bonus, show how far each one moves your debt-free date.

Up to 15 debts and a plan of up to 120 months fit in one file, with a grid of 100 squares that fills as you pay. You get a blank workbook, a sample with seven fictional debts and a quick-start guide, for Microsoft Excel 2010 or newer on Windows and Mac.