Sample Debt Snowball Worksheet Template
ADVERTISEMENT
1
2Sample Debt Snowball
Sheet 10
List your debts in order from smallest to largest with the smallest
payoff or balance first. Do not be concerned with interest rates or
terms unless two debts have similar payoffs, then list the higher
interest rate debt first. Paying the little debts off first shows you quick
feedback, and you are more likely to stay with the plan.
Redo this sheet each time you pay off a debt so you can see how
close you are getting to freedom. Keep the old sheets to wallpaper the
bathroom in your new debt-free house. The “New Payment” is found
by adding all the payments on the debts listed above that item to the
payment you are working on, so you have compounding payments
which will get you out of debt very quickly. “Payments Remaining” is
the number of payments remaining on that debt when you get down
the snowball to that item. Cumulative Payments is the total payments
needed, including the snowball, to pay off that item. In other words,
this is your running total for “Payments Remaining.”
CoUNT doWN To FREEdoM!!
Date:_______________
Total
Minimum
New
Payments
Cumulative
Item
Payoff
Payment
Payment
Remaining
Payments
0
Penny's
$150
$15
$0
________
________
________
________
________
________
Garage Sale
11
Sears
$250
$10
$25
11
________
________
________
________
________
________
PD
Visa
$500
$75
$100
11
________
________
________
________
________
________
$90
5
M.C.
$1500
16
$190
________
________
________
________
________
________
4
20
Car
$4000
$210
$400
________
________
________
________
________
________
$65
$465
6
26
$4000
Stu. Loans
________
________
________
________
________
________
ToTALLY Debt Free except the house!
Finish Emergency Fund
Fund Retirement/College
Then Do House
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Education