Pay Off High-Interest Debt Faster with a Smart Spreadsheet
Welcome to another spreadsheet tutorial!
Today I’m introducing a Debt Avalanche Calculator I built in Google Sheets to help prioritize debt repayment based on interest rates—not just balances. This method is ideal for minimizing total interest paid over time and accelerating your path to financial freedom.
Whether you're managing personal finances or guiding others through debt recovery, this tool offers a clear, editable way to track progress and make informed decisions.
Top Benefits of the Avalanche Method
- Minimize Interest Paid
By targeting high-interest debts first, you reduce the total cost of repayment. - Faster Payoff Timeline
More of your money goes toward principal, not interest—accelerating your progress. - Data-Driven Strategy
Ideal for users who want the most efficient path to debt freedom. - Flexible and Adaptable
You can adjust your monthly budget or reorder priorities as needed. - Clear Visuals and Milestones
Track your progress and stay motivated with built-in summaries.
How to Use It
Note: You’ll find cells highlighted in yellow—these are the only cells you should edit. All gray cells contain formulas and should not be edited.
How to Access the Spreadsheet from Etsy
If you purchased this calculator from my Etsy shop, here’s how to access it:
- After checkout, download the PDF file provided by Etsy.
- Open the PDF and click the Google Sheets link inside.
- Go to File > Make a Copy to save your own editable version.
- Start entering your debt details in the yellow-highlighted cells!
Please do not request access to edit the original file—just make your own copy.
Disclaimer
This calculator is for informational and educational purposes only. It does not constitute financial advice, and results may vary based on actual loan terms and individual circumstances. Please consult a qualified financial advisor before making any debt-related decisions.
Here is the link: https://digitalsheetcode.etsy.com/listing/1737955901/debt-avalanche-calculator-google-sheets
Here are a few promotional images I use for advertising. If you click on any of them, you'll be directed to my Etsy shop.
Thanks for visiting—I hope you find this tool helpful and easy to use!