Debt Snowball Templates

Guidelines for Utilizing Debt Snowball Spreadsheet Templates

• 1. Accurately Prioritize Debts: List your debts in the spreadsheet from the smallest to the largest balance, ignoring interest rates. Focus on one debt at a time to maintain clarity and motivation.
• 2. Maintain Regular Updates: Consistently update your payments and balances. Accurate records are essential for tracking progress and keeping your debt reduction efforts on track.
• 3. Customize Your Plan: Tailor the categories to fit your financial situation. Include columns for due dates, minimum payments, and additional payments to create a plan that suits your needs.