Debt Payoff Tracker – Google Sheets

You know you have debt. You know you should be paying it off faster. What you don't have is a clear picture of what it's actually costing you, which account to attack first, and exactly when you'll be done.

That's what this debt payoff tracker is for. Enter your balances, rates, and minimum payments. It does the rest.

How It Works

Add each debt to the tracker — creditor name, current balance, interest rate, and minimum payment. The debt payoff tracker automatically calculates your monthly interest cost, total interest over the life of each debt, and your payoff date under both the avalanche method (highest rate first) and snowball method (smallest balance first).

Set your extra monthly payment and watch the payoff dates shift. See exactly how much interest you save by throwing an extra $100, $200, or $500 at your debt each month. Log actual payments as you make them and track your real progress against the plan.

1. Enter your debts — balance, rate, minimum payment
2. Choose your method: avalanche or snowball
3. Set your extra monthly payment amount
4. Log payments monthly and watch your debt-free date get closer

Who It's For

This debt payoff tracker is built for anyone who's tired of making minimum payments and watching balances barely move. It's the right tool if you:

• Have multiple debts and aren't sure which to pay off first
• Want to see exactly how much interest you're paying each month
• Are choosing between the avalanche and snowball methods and want to compare them
• Need a simple, no-subscription way to track debt payoff progress
• Want to see how extra payments change your debt-free date in real time

It's not a budgeting app or a full financial dashboard. It's a focused debt payoff tracker that does one thing exceptionally well.

What's Included

• Debt Input Sheet — enter all your debts with balance, APR, and minimum payment
• Avalanche & Snowball Calculator — automatic payoff order and timeline for both methods
• Interest Cost Tracker — see monthly and total interest for each debt
• Extra Payment Modeler — adjust your extra payment and see the impact on payoff date and interest saved
• Progress Charts — visual balance reduction over time for each debt
• Payment Log — record actual payments and track real progress vs. the plan

Instant digital download. After purchase, you'll receive a link to copy the Google Sheet directly to your Google Drive. No software to install, works on any device.

Frequently Asked Questions

What's the difference between the avalanche and snowball methods?
Avalanche = highest rate first (less interest). Snowball = smallest balance first (faster wins). This tracker calculates both so you can compare and choose.

How many debts can I track?
As many as you have. Add rows for credit cards, loans, medical bills — no hard limit.

Do I need Google Sheets experience?
No. All formulas are pre-built. Enter your numbers in the labeled cells and the tracker does the rest.

Can I model extra payments?
Yes. Enter any extra monthly amount and the tracker instantly recalculates your payoff date and total interest saved.

Is this a subscription?
One-time purchase. Copy it to your Google Drive and own it forever. No fees, no account, no renewal.