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Printable Debt Payoff Chart – [Color It In As You Go!!]

I’ve heard the request repeatedly. “Derek, I love your debt snowball, but it would be really awesome if you had a chart so we could actually SEE our progress as we go!” Let me just tell you – I heard you my friends. Now, the free debt snowball calculator is fully equipped with a printable debt payoff chart on tab #2!

Related: How the Debt Snowball Really Works

Free Printable Debt Payoff ChartPrintable Debt Payoff Chart – How It All Works

With the free debt snowball calculator, you can:

  • enter all your debts (up to 16 of them)
  • enter your extra payments, and then
  • you can discover how quickly you can get out of debt!

And now, with the new chart feature, you can SEE it happening. Heck, you can even color it in as you go along if that’s what you want to do!

Here’s how the whole operation works.

1) Open the File and Enable It

Download the Debt Snowball Calculator with the Printable Debt Payoff Chart HERE!

Once you click the link, you should see the download in the lower left-hand corner of your computer. Once you see it, simply click it, choose to open the file, and be sure to click “Enable Editing” and then “Enable Content” at the top of the file. Then, start inputting your numbers so you can see your results!

Getting excited?? You should be! This printable debt payoff chart is the beginning of your potential debt freedom!

Don’t have Excel? Try this instead:

  • Click the link above and save the file on your computer
  • Then, open Google Drive
  • Click “New” in the upper left
  • Then click “File Upload” 

google sheets free debt snowball calculator

  • Find the debt snowball calculator file you just uploaded and saved. Select it, then click “Open”
  • It will show up on the bottom-right of your screen, click it
  • And then once it opens, at the top of the file select “Open with Google Sheets”

2) Enter Your Initial Numbers

Time to enter in some numbers! There are two main sets of numbers to update…

First, Your Debt

First off, you’ve got to enter in all your debts. Be sure you’re on the “Debt Snowball Calculator” tab (you’ll see the tab titles at the bottom of the sheet).Then, enter your smallest debt first, and then the next biggest, then the next, and the next…and the largest debt should go on the far right. There is room on this debt snowball calculator for 16 total debts.

  • Instead of “Debt 1”, “Debt 2” etc., be sure to update the names with your personal debts (like, “American Express Credit Card” or “BMW Car Loan”). It will be much easier for you to track that way.
  • Then, in the orange cells beneath each debt, enter the current balance, the minimum payments, and the interest percent.

Your Debt Snowball Calculator should look something like this:

Debt Snowball Calculator Filled In

Next, Your Payments

Now it’s time for the fun part. See the boxes at the top? They’re labeled:

  • “Extra Monthly Payment”, and
  • “One-Time Start-up Payment”

In the “Extra Monthly Payment”, you want to enter the amount that you can pay each month beyond your minimum debt payments. Maybe it’s just $50. Maybe it’s $200. Whatever extra you think you can pay toward your debt snowball, enter that amount there.

If you have a pile of money coming that you could put toward your debts right now, enter that amount in the “One-Time Start-up Payment” cell. Perhaps you got a big tax refund or you had a beefy emergency fund that you should really put toward the debt – whatever the case is, that one-time payment can really be HUGE to get that snowball rolling!

Debt Snowball Calculator - Payments

3) Tweak Your Numbers for a True Goal

You entered in your numbers. How do they look?

Will you pay off your debts in….12 months? 2 years? Longer?

If you’re not satisfied with your payoff time frame, there’s still more that you can do!

My site has TONS of side hustle posts that teach you how to make more money (I bullet-pointed a few below for you).

Read a few of the posts, decide on a side hustle that’s right for you, and then start earning an extra $500 a month. Do you realize how HUGE it would be if you could pay off an extra $500 per month??!

With my example numbers above, the sample debt load will be paid off in 44 months. That’s 3 years and 8 months. If I bump up the monthly payments from $300 to $800 (a $500 increase thanks to side hustles), the payment term drops from 44 months down to….23 months! That’s less than 2 years!! You basically cut your debt payoff time in half!!

Be sure to play around with your numbers and set a goal for when you’ll pay off your debt. Then, it’s time to put a stake in the ground and get to work!

4) Click Into Tab #2 and Refresh the Printable Debt Payoff Chart

Alright. Now for the REALLY fun part!

Not only can you identify the number of months it will take you to pay off your debts with the debt snowball calculator, but now I’ve created a brand new tab that will SHOW YOU your debt free journey! In the excel sheet, it’s the tab named, “Debt Payoff Chart”.

That’s right! It’s a printable debt payoff chart! 

Enter in all your debts, figure out your goals of how much you want to pay off each month, then click the Debt Payoff Chart tab, click “Refresh”, and then print out both of the sheets!

Here’s what our new 23 month payoff looks like with the chart:

Printable Debt Payoff Chart

And, once you print it out and start your debt payoff chart, you can even color in your progress month by month! Cool, right??

Your Very Own FREE Personalized Printable Debt Payoff Chart

I’m so excited to launch this. The debt snowball tool helped so many people get out of debt already. I just know this colorable free debt payoff chart addition will prompt so many more to use this tool, share it, and hopefully inspire them to get out of debt even sooner!

Are you pumped about this new debt payoff chart? Be sure to comment below and tell us your debt payoff goals. Then, share this tool with your friends and family too!

How quickly will you be debt free? Dream big. Think big. And win big!

Get Out of Debt Money


My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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