Debt Payoff Schedule Sheet (Snowball vs Avalanche)

RowType,Strategy,Month,Date,Visa card Payment,Visa card Interest,Visa card Balance,Car loan Payment,Car loan Interest,Car loan Balance,Store card Payment,Store card Interest,Store card Balance,Student loan Payment,Student loan Interest,Student loan Balance,Total Payment,Total Interest This Month,Total Balance,Cumulative Interest,Note
NOTE,,,,,,,,,,,,,,,,,,,,"Math scenario only, not financial advice. Figures are estimates based on the numbers you entered and a simplified monthly-interest model; your lender's statements are the source of truth. Consider speaking with a qualified financial professional or nonprofit credit counselor for personal guidance."
NOTE,,,,,,,,,,,,,,,,,,,,"Currency: USD. All number cells are plain amounts in US dollars with 2 decimals."
NOTE,,,,,,,,,,,,,,,,,,,,"Snowball: pay minimums on all debts and send every extra dollar to the debt with the smallest starting balance first, then the next smallest."
NOTE,,,,,,,,,,,,,,,,,,,,"Avalanche: pay minimums on all debts and send every extra dollar to the debt with the highest APR first, then the next highest."
NOTE,,,,,,,,,,,,,,,,,,,,"For your four debts, both methods produce the same target order (Store card, Visa card, Car loan, Student loan), so the two schedules below are identical. Interest difference between methods: 0.00. Month difference: 0."
ASSUMPTION,,,,,,,,,,,,,,,,,,,,"Interest model: each month's interest = starting balance x APR / 12, rounded to the nearest cent (half a cent rounds up). This is a simple approximation; real lenders may compute interest daily, use average daily balances, or add fees, so actual figures will differ."
ASSUMPTION,,,,,,,,,,,,,,,,,,,,"Fixed budget with rollover: 900.00 is paid toward debts every month. Total minimums are 600.00, leaving 300.00 extra at the start. When a debt is paid off, its freed minimum rolls to the next target debt (snowball rollover). The final month pays only what is owed (793.41)."
ASSUMPTION,,,,,,,,,,,,,,,,,,,,"Start month: Month 1 = Jul 2025, with one payment per month."
ASSUMPTION,,,,,,,,,,,,,,,,,,,,"One-time extra: the 1500.00 tax refund is applied in Month 10 (Apr 2026) and sent to the current target debt. Any leftover rolls to the next target in the same month."
ASSUMPTION,,,,,,,,,,,,,,,,,,,,"APRs and minimum payments stay exactly as entered for the whole period. The model assumes no new charges, fees, promotional rates, or lender changes to minimums as balances fall."
ASSUMPTION,,,,,,,,,,,,,,,,,,,,"Target order is fixed at the start using starting balances and APRs: Store card (650.00 at 29.9%), Visa card (4200.00 at 24.99%), Car loan (9800.00 at 6.5%), Student loan (14500.00 at 5.0%)."
ASSUMPTION,,,,,,,,,,,,,,,,,,,,"Extra payments on the car loan and student loan are assumed to go to principal without penalty. Check your loan terms to confirm."
SUMMARY,Snowball,34,Apr 2028,4839.43,639.43,0.00,10472.77,672.77,0.00,674.56,24.56,0.00,16006.65,1506.65,0.00,31993.41,,0.00,2843.41,"Payoff order: Store card, Visa card, Car loan, Student loan. Store card M3 (Sep 2025); Visa card M10 (Apr 2026); Car loan M20 (Feb 2027); Student loan M34 (Apr 2028). Debt-free in 34 months. Per-debt cells show lifetime totals paid and interest. Check: 29150.00 starting balances + 2843.41 interest = 31993.41 paid."
SUMMARY,Avalanche,34,Apr 2028,4839.43,639.43,0.00,10472.77,672.77,0.00,674.56,24.56,0.00,16006.65,1506.65,0.00,31993.41,,0.00,2843.41,"Payoff order: Store card, Visa card, Car loan, Student loan. Store card M3 (Sep 2025); Visa card M10 (Apr 2026); Car loan M20 (Feb 2027); Student loan M34 (Apr 2028). Debt-free in 34 months. Identical to Snowball for these debts. Check: 29150.00 starting balances + 2843.41 interest = 31993.41 paid."
SCHEDULE,Snowball,1,Jul 2025,120.00,87.47,4167.47,285.00,53.08,9568.08,335.00,16.20,331.20,160.00,60.42,14400.42,900.00,217.17,28467.17,217.17,"Extra 300.00 goes to Store card"
SCHEDULE,Snowball,2,Aug 2025,120.00,86.79,4134.26,285.00,51.83,9334.91,335.00,8.25,4.45,160.00,60.00,14300.42,900.00,206.87,27774.04,424.04,
SCHEDULE,Snowball,3,Sep 2025,450.44,86.10,3769.92,285.00,50.56,9100.47,4.56,0.11,0.00,160.00,59.59,14200.01,900.00,196.36,27070.40,620.40,"Store card paid off; leftover 330.44 rolled to Visa card"
SCHEDULE,Snowball,4,Oct 2025,455.00,78.51,3393.43,285.00,49.29,8864.76,0.00,0.00,0.00,160.00,59.17,14099.18,900.00,186.97,26357.37,807.37,
SCHEDULE,Snowball,5,Nov 2025,455.00,70.67,3009.10,285.00,48.02,8627.78,0.00,0.00,0.00,160.00,58.75,13997.93,900.00,177.44,25634.81,984.81,
SCHEDULE,Snowball,6,Dec 2025,455.00,62.66,2616.76,285.00,46.73,8389.51,0.00,0.00,0.00,160.00,58.32,13896.25,900.00,167.71,24902.52,1152.52,
SCHEDULE,Snowball,7,Jan 2026,455.00,54.49,2216.25,285.00,45.44,8149.95,0.00,0.00,0.00,160.00,57.90,13794.15,900.00,157.83,24160.35,1310.35,
SCHEDULE,Snowball,8,Feb 2026,455.00,46.15,1807.40,285.00,44.15,7909.10,0.00,0.00,0.00,160.00,57.48,13691.63,900.00,147.78,23408.13,1458.13,
SCHEDULE,Snowball,9,Mar 2026,455.00,37.64,1390.04,285.00,42.84,7666.94,0.00,0.00,0.00,160.00,57.05,13588.68,900.00,137.53,22645.66,1595.66,
SCHEDULE,Snowball,10,Apr 2026,1418.99,28.95,0.00,821.01,41.53,6887.46,0.00,0.00,0.00,160.00,56.62,13485.30,2400.00,127.10,20372.76,1722.76,"Includes 1500.00 tax refund; Visa card paid off; leftover 536.01 rolled to Car loan"
SCHEDULE,Snowball,11,May 2026,0.00,0.00,0.00,740.00,37.31,6184.77,0.00,0.00,0.00,160.00,56.19,13381.49,900.00,93.50,19566.26,1816.26,
SCHEDULE,Snowball,12,Jun 2026,0.00,0.00,0.00,740.00,33.50,5478.27,0.00,0.00,0.00,160.00,55.76,13277.25,900.00,89.26,18755.52,1905.52,
SCHEDULE,Snowball,13,Jul 2026,0.00,0.00,0.00,740.00,29.67,4767.94,0.00,0.00,0.00,160.00,55.32,13172.57,900.00,84.99,17940.51,1990.51,
SCHEDULE,Snowball,14,Aug 2026,0.00,0.00,0.00,740.00,25.83,4053.77,0.00,0.00,0.00,160.00,54.89,13067.46,900.00,80.72,17121.23,2071.23,
SCHEDULE,Snowball,15,Sep 2026,0.00,0.00,0.00,740.00,21.96,3335.73,0.00,0.00,0.00,160.00,54.45,12961.91,900.00,76.41,16297.64,2147.64,
SCHEDULE,Snowball,16,Oct 2026,