Getting out of debt is not easy, especially If you don’t have a financial background, creating a plan for paying off debt is difficult. But a debt payoff spreadsheet can help you and simplify the task, making it easy for you to create a plan to pay off your debt. There’s a method called “debt snowball” aka “debt payoff spreadsheet” it’s the most used strategy when it comes to dealing with debt.
Using a debt payoff spreadsheet will definitely benefit you, it will help you to create a payment schedule that shows how you can most effectively pay off your debts.
With a debt payoff spreadsheet template, you get a spreadsheet with all the right formulas to do all of the calculations for you. All you need to do is download the template and have your number. You can use it for dealing with your loans, payoff credit card, etc…
The debt snowball calculator is a simple spreadsheet available for Microsoft Excel® and Google Sheets.