Debt Avalanche vs Debt Snowball Real Life Example | Debt Payoff Calculator in Excel or Google Sheets

Which debt payoff calculator will get you out of debt faster? The debt snowball method or the debt avalanche method? In this video I use a real life example and compare the debt snowball vs debt avalanche spreadsheets to see which one helps this family get out of debt faster.

Choosing the right debt payoff calculator in excel or google sheets depends on how much debt you have, your debt interest rates, and your minimum payments. You can use this video comparing the debt avalanche and debt snowball, and other tutorials mentioned to see which debt calculator helps you get out of debt the fastest.

Mentioned in this Video:

Video Chapters - jump to what you want to watch:
0:00 Debt Avalanche vs Debt Snowball
0:23 Debt Avalanche Method in Excel or Google Sheets
4:33 Debt Snowball Method in Excel or Google Sheets
6:12 Results: Debt Snowball vs Debt Avalanche
6:26 Make Your Own Debt Snowball and Debt Avalanche

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Debt Snowball Spreadsheet (free download) -

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[loveshope]

I was looking to put my payments and how much I need to pay to get certain things paid in full by a certain timeframe. From this video I found out I’ve definitely been using the snowball method already. Thank you for your information it’s very helpful and gives me clear goals for keeping track of paying off my debt.

[makaylahensley-gh]

I clicked on the link to get the debt snowball template, entered in my information and still have not received an email. How do I go about getting this?

[swtgurlde]

What if you want the monthly payment different each month?