The Drowning Pool of Debt

After college, I found myself not once, not twice, but THRICE in $30,000 worth of debt. The first two times, I was young and dumb. My parents sympathized and THANKFULLY they were able financially to cut me a break and bail me out!

This is now incident number three. At 26, with a full time job, a mortgage, and fur baby responsibility, I am NOT going to ask my parents to bail me out of this one. Even if they had the money to do it for a whopping third time, I don’t think I could pull myself to ask. My pride would just curl up in a ball and hide for a good while.

Anyway, I am a really organized person when it comes to anything. I’ll spend hours retyping something that probably only needed one or two revisions just because I like retyping it. I like meticulously going over the things just to make sure I haven’t missed anything at all! Ridiculous I know. Therefore I have created this mastermind spreadsheet to help pay down debt in large sums.

You can get the FREE version here. It only has the Monthly Budget Sheet.

Keep reading if you want to see how the Snowball addition works!

Getting Serious About Your Debt

Debt can seem like a never ending hole. You pay a fifty here and a few hundred there, and it feels like it never ends. However, I can help! I designed this sheet that helped me to get organized! People spend TONS money for debt advisors and counselors, but I believe in taking pride and doing it yourself! Why spend all that money for something that can be done quite simply at home for a FRACTION of the cost?

Anyway, I created this sheet that takes on the Snowball Effect. It basically takes a look at all the debt that you have, organizes it by the highest interest creditor and the amount of interest you would be paying. It helps to pay off chunks at a time to help save money in the long run.

Check it out here! This template calculates things for you. You just need to fill in and follow my step by step instructions that I provide IN the template.

Digging Out of Debt

It takes you through a monthly budget and calculates how much you have left to allot to credit debt. This helps with chunking payments. The monthly budget sheet can also help you see what percentage of your money is going where. I like to follow the 50/30/20 rule! 50% on necessities, 30% on savings, 20% on misc. If you would ONLY like this portion, it’s available for FREE. Subscribe and Download here.

Digging Out of Debt

Next, it’s on to the Snowball Organizer. You will fill out all of your creditors and creditor information like amount owed, interest, etc.

Digging Out of Debt

After you’ve organized, it’s time to fill in the blanks and watch month by month how much you can pay down!

Sold? Buy my template here! Not to mention I’m available through emails to help with anything at all!

Click To Buy It Here

**Click “Return To Merchant” after Checkout to Access Your File**

Not Ready to Take the Leap out of Debt?

I know, I know. Some of you might be saying, well how will it not happen again? Well paying for it all myself this time is definitely hurting. Watching how much money is ACTUALLY going out the window instead of saving is ridiculous! When you’re allotting money more purposefully with this method, you see how much is going to creditors and how much you could be using that money on other things.

There are so many people in this country that are in debt! I say why not help each other out instead of spending the money on the debt counselors.

Credit consolidation by personal loans help, but it sucks when your credit score is low and can’t get one large enough to consolidate to the point where it HELPS.

Credit settlement hurts as your score trickles down since the settlement companies negotiate lower amounts of money by basically holding your monthly payments ransom from credit card companies! Your credit card suffers since you technically aren’t making “on time” payments.

Take the leap, I’m here to help. TRUST me when I say that when I designed this, it really put things into perspective and helped me to get organized! It takes time, but it makes a lot of progress especially when the snowball gets going. Seeing my goals was a lot easier and debt is no more in about a year for me! That’s $30,000 I’m paying off! 🙂

Benefits of Debt Payoff Snowball Template

  • Cheap $2 for a huge template you can use over and over. After debt, you can still use the monthly spreadsheet to calculate how much to save
  • Calculations for you
  • I’m available to assist with any tech stuff or Google Sheet error
  • Instant download

Try it out! Tell me what you think! I’m here to help! If not, you can definitely utilize the Free Monthly Budget Sheet!


**Click “Return To Merchant” after Checkout to Access Your File**


Author: stephanie

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23 thoughts on “Digging Out of Debt

  1. Thanks, great article.

    Posted on July 16, 2017 at 8:12 am
  2. This is a really interesting and definitely useful post for anyone in debt. Plus it’s great that it comes feom your own experiences instead some company just trying to make money off of people.

    Posted on July 17, 2017 at 6:17 pm
    1. Thank you! Yeah this spreadsheet has definitely helped me out! 🙂

      Posted on July 17, 2017 at 9:55 pm
  3. My husband and I are passionate about staying out of debt but it is a lot of work. House, cars, kids in college. It is a struggle. Glad there are resources here that make it easier!

    Posted on July 18, 2017 at 10:17 am
    1. Yes! Balancing life is such a struggle sometimes 🙁

      Posted on July 28, 2017 at 9:04 am
  4. I am in debt but I try my best to save a bit of money each month so that eventually I will be in a good place fnancially. Thanks for the template x

    Posted on July 18, 2017 at 3:32 pm
    1. Of course! I hope it helps!

      Posted on July 28, 2017 at 9:04 am
  5. What a wonderful spreadshet. I remember when I was freshly out of college, with two toddlers in tow and 10K in student loan debt. At the time it felt like such a huge hill to climb. I remember writing my budget out on a piece of notebook paper, because it was 1994 and we didn’t have a computer. It’s crazy to think how much times have changed. x

    Posted on July 18, 2017 at 8:21 pm
    1. Thank you! There’s so many useful tools now to help! I still think paper and pen is the way to go sometimes though! 🙂

      Posted on July 19, 2017 at 9:51 pm
  6. I’m a big fan of the snowball method too! I agree it definitely hurts to see how much money is going to pay off debt each month, but it’s totally worth it to be debt free.

    Posted on July 18, 2017 at 9:16 pm
  7. I love it! Debt is such a struggle for so many of us and it definitely helps to see it all organized in this way!

    Posted on July 18, 2017 at 10:51 pm
  8. I found this is very useful for getting Out Of Debt.

    Posted on July 19, 2017 at 12:11 am
  9. Luckily I am very paranoid about debts and I never make a new purchase until my debts are cleared so I save and calculate very cautiously on how and where can I spend

    Posted on July 19, 2017 at 6:31 am
    1. Omg that is definitely something I am starting to do! I do NOT want to be in this same hole again lol All the money going out the window is no fun for me to pay off credit.

      Posted on July 19, 2017 at 9:50 pm
  10. This such a great post! It’s so handy to have all of the information in one place and you’ve pretty much covered everything! Good for you for sorting it out yourself too 🙂

    Posted on July 19, 2017 at 7:06 am
    1. Thank you thank you!

      Posted on July 19, 2017 at 9:49 pm
  11. $30,000 debt, i dont think i can pay it easily. a person earning 300$ to 1000$ , need 30 month minimum to pay.. and i am surprized you paid it off

    Posted on July 19, 2017 at 9:29 am
    1. Omgsh but 30 months is still helping! I’m so gracious that I do have a teaching job secured so that helps a LOT with paying it down, but think of all the money I could be saving 🙁 I still see 30 months as a bonus though because at least you are doing it on your own AND don’t need to pull out a loan or anything to worsen the credit score!

      Posted on July 19, 2017 at 9:49 pm
  12. I am so bad with finances so I find it difficult to make ends meet. Sometimes I live paycheck from paycheck.

    Posted on July 19, 2017 at 1:50 pm
    1. Me too! I hate to admit it! I never was taught, so now I’m trying to teach myself!

      Posted on July 19, 2017 at 9:47 pm
  13. Sounds like a great template! Good luck to you on your debt journey 🙂

    Posted on July 20, 2017 at 4:29 pm
  14. Debt can be a scary thing, but having a plan is so important. And working towards chipping that debt week by week.

    Posted on July 21, 2017 at 2:54 am
  15. I so needed this! I am terrible at managing money, no matter how hard I work!

    Posted on July 28, 2017 at 4:48 am