If you are working hard to become debt free - OR if you would like to start on your journey but are not sure where to start, this Debt Snowball Google Spreadsheet is a dream come true!
Simply input your financial information (Debts, Balance, Monthly Payment, and Interest Rate). Include the date you'd like to begin making your snowball payments, as well as the additional snowball payment amount you are able to afford.
*It even has an option to include a "One Time" kickstart amount that you can include*
The spreadsheet will in real time calculate the date you will become debt free.
it also breaks down, the date that each individual debt will be paid in full.
In addition, it also shows you:
What your monthly payment will be each month, and for which debts.
It allows you the ability to "play around" with your snowball amount to see how much sooner you can become debt free, depending on how much extra you can afford to put towards paying off your debts each month. This is will show you what an extra $50, $10, or $500 a month can do for you!