Payoff projections
Estimate your payoff date, projected interest, total amount paid, and monthly debt budget.
Free Excel debt planner
Turn your debt into a clear payoff plan.
Organize your balances, compare debt avalanche and debt snowball strategies, estimate your payoff date, and see how extra payments can reduce interest.
Microsoft Excel-compatible .xlsx file • Canadian dollars • Editable and reusable
✓No account needed
✓Works offline
✓Your data stays with you
Up to 10 debts
Inside the workbook
Everything you need to build a practical repayment plan.
Enter your own balances and payments once. The workbook automatically calculates and compares two popular payoff approaches.
Strategy comparison
Compare the debt avalanche and debt snowball methods using the same balances and payment budget.
Up to 10 debts
Track credit cards, lines of credit, auto loans, student loans, personal loans, CRA debt, and more.
Canadian payment frequencies
Enter weekly, biweekly, semi-monthly, or monthly minimum payments and see their monthly equivalent.
Extra-payment modelling
See how adding a consistent extra monthly payment changes your repayment timeline and interest cost.
Visual dashboard
Review key figures and projected balances from one clean dashboard, with detailed schedules available when needed.
How it works
From scattered balances to one organized plan.
1
Enter your debts
Add each balance, APR, minimum payment, and payment frequency in the yellow input cells.
2
Set your payment budget
Choose how much extra you can add each month above the required minimum payments.
3
Choose your approach
Review both plans and use the strategy that best matches your financial priorities and motivation.
Two payoff methods
Save on interest or build momentum.
The tool calculates both approaches so you can compare them before committing.
Debt Avalanche
Directs extra payments to the debt with the highest APR first.
- ✓Often minimizes total interest
- ✓Prioritizes expensive debt
- ✓Useful for cost-conscious repayment
Debt Snowball
Directs extra payments to the debt with the smallest balance first.
- ✓Can create quicker early wins
- ✓Reduces the number of open debts sooner
- ✓Useful for motivation and simplicity
Build your payoff plan today.
Download the workbook, replace the sample data with your own numbers, and review your projected repayment options.
Frequently asked questions
Before you download.
Do I need to provide an email address?
No. The download button links directly to the Excel workbook.
Can I use the tool more than once?
Yes. Save a separate copy for each scenario or update the same workbook as your balances change.
Does it support biweekly payments?
Yes. The workbook accepts weekly, biweekly, semi-monthly, and monthly payment frequencies and converts them into a monthly planning amount.
Is this financial or insolvency advice?
No. It is an educational planning tool. Actual interest calculations, fees, minimum payments, and lender practices can differ. Consider professional help when your situation requires personalized advice.