FREE Debt Snowball and Avalanche Plans Worksheet Download

Research shows that the average American has $10,700 worth of personal credit card debt. If you’ve got debt, be it credit cards, car loans, or anything else, having a plan is the only way you will get out. As Dave Ramsey says “You can stumble into debt, but you can’t stumble out of it.” The first step in creating your plan is to know how much debt you have. We just found this awesome FREE debt calculator last night – you put in all of the debts you have, and it will help you figure out how to pay them off the quickest. You can do a debt snowball (pay off lowest balances first, debt avalanche (highest APR first), or you can customize it and pick what you want to pay off first. It even lets you add extra payments (snowflakes) along the way.

For us, seeing it all written down made it a lot more clear.  We’ve been working out plan, but hadn’t sat down to re-evaluate for a while. It also helped our perspective – we will be out of debt a lot sooner than we thought, even with the medical bills from Mr Frugal’s recent surgery.

If you’re working your way out of debt, how are you tackling it?  If you’re on the otherside and find yourself DEBT FREE!!!! please share a tip or two about the journey, maybe something you gave up or took on to see your goals come to life?

Wanting to try Dave Ramsey’s Financial Peace University? Right now they’re giving away 150 membership kits!


  1. Jeanette says

    Have you guys happened to come across a debt calculator that factors in interest rate changes? I have intro rates of 0% right now on a few cards but I know I won’t be abme to pay them off by the end of the intro rate so I am tuying to figure out which card would be best to attempt to pay off first.

    Thank you for your help!!

    • says

      I haven’t seen anything like that. Sounds like you want to pay off starting with your highest APRs, so I would suggest doing just that, based on your current APRs. You can always change later on if you need to.

      • Joanne says

        Here is a calculator if you want to factor in promotional APRs and their expiration date. It’s not the best calculator but it is the only one i’m familiar with that has promotional rates and their expiration date. I def agree with Mr.Frugal that I would just make payments based on the highest APRs and if one gets reset to a higher rate then put that one to the top of the list for repayment. Good luck!

  2. Joanne says

    i just read this to my husband and he said “woah! $10,700 in credit card debt! that’s more than my credit limit!”. we are both 27 and consumer debt free as of this month. we both left school with over 25k in student loans each. we paid off both our cars. paid off our student loans. we still live like broke college students. our secret is that we live within our means. we “use it up, wear it out, make it do, or do without”. we work overtime when available. have separate savings accounts for “new home” “vacations” “emergencies” “investments” that we direct deposit money into every paycheck. we have a set amount direct deposited into our respective checking accounts for bills. we say “no” to things we can’t afford. we use coupons. we don’t eat out. we live within our means. i can’t say that enough. so many of our friends have houses they can’t afford, kids they can’t afford, new gagets and $150/month cable. we live within our means. we go to the library. we have friends with the same values as us. and we have friends who think we are “cheap” but we aren’t offended. because we have paid off 50k in student loans and own our own cars outright. financial freedom allows you to see that the things that are important in life don’t cost money.

    • says

      That’s wonderful Joanne – it is impressive to hear that you and your husband not only paid off your debt, but that you took responsibility for it. However two of your statements caught my attention “kids they can’t afford” and “the things that are important in life don’t cost money”. That may pertain to you, but not to everyone. My husband and I have four children and aside from our relationship to God and each other – our children are the MOST important things in our lives. (not that we consider children “things”.) ~ To put this in perspective – we paid for our college educations ourselves, we bought/paid for our wedding, our own home and our cars – nothing was handed to us except by the grace of God.

      • Joanne says

        With the kids comment i meant that i have friends and relatives who impulsively had kids without thought to how they will pay for the added cost and are on welfare just having more kids and not working and living off the system and my husband and i have made a conscious choice to wait to have kids so we could afford them ourselves. i know that things in life cost money, but i just meant that in having to make tough choices about our finances we discovered things that we really enjoy in life: spending time with our families, reading, hiking, running… relationships with people we love are more important than spending money on STUFF. i hope that clarifies.

        • Matthew says

          A co-worker and good friend told me, “if you wait until you can afford kids, you wont have any”. Our 21 month old boy is GOD’s greatest gift to us. Yes it’s cost us extra medical bills on top of a mortgage, vehicle loan, and credit cards: plus the added expenses of diapers/wipes, milk, and etc., but we are starting the New Year 2014 with this debt snowball worksheet.

  3. says

    Hey! Just thought I’d let you know that I think these downloads are my favorite thing you’ve posted! I can’t wait to get in there and figure them out! We’ve done the cash system a couple of times in the past, but get lazy when times are easier. Things got dangerously BAD for us this year. We sold a HUGE business item TODAY and everything is back “in order” for the moment, but not a lot is left over. I’m ready to get disciplined again….especially since my husband is still out of work since his business failed this year. This time last week, I thought we were going to lose the house and everything. The Lord has blessed us beyond what we deserve. I’ve often wondered how you and other bloggers can devote so much time to your sites. Now I see that you are probably blessing a whole lot of people in ways you never even know about….and storing up your rewards in Heaven!! Merry Christmas! God Bless!

    • Nancy says

      Tammy, your post caught my eye. After sinking more than $20K from my retirement into saving a home we lost anyway when my husband was out of work, I had a realization. It is only a bricks, wood, steel and plastic. My FAMILY would still be with me, the memories we made would still be with me.

      I prayed and renewed my relationship with God and one year later we have triple the home for 1/3 of what we were paying. He led me here after offers and negotiations on 6 homes (I think, I lost count).

      Your relationship with your family and your God is the most important. And I agree that Mr. and Mrs. Frugal bless many, they blessed us in many ways and I could never thank them enough.

      • says

        Thank you for sharing your story! No thanks needed on our part, we are truly blessed to be able to do what we do here at TFF. Thank YOU for reading!

  4. Cheryl Carrasco Elix via Facebook says

    I completed Dave’s program this past summer at CrossWinds Church. Great tools…I highly recommend it!

  5. Kristen Schlesser says

    When I married my husband I was completely out of debt and cash flowing my masters degree. He had been saddled with $40,000 of divorce debt and had another $20,000 in debt. We started immediately paying off debt as quickly as possible – paid off a car, the divorce debt, and continued to cash flow my masters degree, had a baby that was in the NICU for a while, some huge car repairs, and moved. We took financial peace and got “gazelle intense”. As of June – 3 years into our marriage – we have no consumer debt – just a small loan left to his mom – but without the extra payments, I’m able to stay home with our 1 1/2 year old. It is amazing. We’ve certainly cut lifestyle to almost nothing. Red box is our luxury date night, and we go to parks and hike a lot for fun. We also make sure that if we do buy something that we really NEED it, not just want it. It’s so worth it. It is possible!

  6. Carol Jackson via Facebook says

    Downloaded, but don’t see how this can be done on computer, only a hard copy. Was hoping to be able to use on ‘puter.

  7. Carol Jackson via Facebook says

    Downloaded, but don’t see how this can be done on computer, only a hard copy. Was hoping to be able to use on ‘puter.

  8. Nancy says

    We have $200 in consumer debt and an affordable mortgage (less than we would pay in rent) including insurance and taxes. We drive 10 year old vehicles that we maintain well and purchased used. I coupon avidly, and that is my 4th job after being a Mom of 3 wonderful children and 4 dogs, an Accountant part-time, and running my ebay business.

    Being consumer debt free is not easy and there are times you just have to say, “I do not need it, although I want it.” It has changed our lives in a way that also enriched them.

  9. Lauren says

    Thank you for this! I’m a little confused though it doesn’t seem to be working for me. I entered in all my info but its not calculating anything and I read the instructions and it said to chose from the drop down box but not seeing a drop box.

  10. Holly Meikle DeVito via Facebook says

    I’ve been using this since I read The Total Money Makeover about 6 months ago. We’ve paid off $10,000 on our car (we only have our cars and house as debt) in 4 months, when before I thought we had NO extra money!

  11. Cindy says

    I love this spreadsheet. My husband and I used it 2 years ago to pay off almost $30,000 in debt! It really helps keep you on track and seeing the balances right in front of you every month start to drop is so exciting!


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