Debt Snowball Worksheet Template Page 2
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2DEBT SNOWBALL WORKSHEET
MonThS Till paid
deBT
Min payMenT
ToTal owed
new MonThly payMenT
450
(1)__________
$____
$____
50
50 + 200 = 250
Amoco
____
650
$____
30
(2)__________
Menards
$____
30 +2 50 = 280
____
1600
(3)__________
$____
$____
200
200 + 280 = 480
Parents
____
1800
$____
30
(4)__________
Visa
$____
30 + 480 = 510
____
7000
(5)__________
$____
400
Car
$____
400 + 510 = 910
____
9000
$____
200
(6)__________
$____
200 + 910 = 1100
Loan
____
INSTRUCTIONS
Result= $____________
List debts in order from the smallest to the largest. The
new payment amount is achieved by adding all of the
• Paying off debts with minimum payments = _______ months
payments of the debts you have paid off and applying
• Debt snowball payoff = ________ months
them to the next debt line.
• Result per month invested at 12% for 99 months = $_______
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