The Debt Snowball allows you to make a simple change to your behavior and systematically pay off debt at an accelerated rate. Get the free printables.

The snowball method is the best way to pay down your debt. If you’re skeptical and want to see how it will work, this spreadsheet will calculate exactly how long it will take to be debt free.

This free, downloadable spreadsheet will give you a head-start on your debt snowball.

The calculator comes in in the form of a downloadable Microsoft Excel template that you can add to Excel 2003 or later. Once you've opened it up, enter each of your credit cards, loans, or other ...

The following month, take the minimum payment from the repaid balance, add this to your snowball and repeat the process of paying it all against your next smallest debt.

The spreadsheet will automatically calculate how many months it will take you to become debt-free if you concentrate on paying off one account at a time. Story continues ...

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