Introducing the Tiller Debt Payoff Planner Spreadsheet 

Tiller’s new Debt Payoff Planner for Google Sheets and Excel automatically tracks your credit card balances and loans in one dashboard, with tools for making a custom payoff strategy.

Debt can provide leverage for achieving your goals, like buying a house, car, or education.

But debt can quickly become a burden. A recent survey found 54% of U.S. adults often feel stressed because of debt.

And debt is expensive. Monthly interest payments reduce your ability to save and invest. (No wonder 36% of Americans have more credit card debt than emergency savings.)

You asked, we listened

Over 100,000 people have trusted Tiller to navigate their financial journey. Managing debt is a key part of that journey.

So, with feedback from the Tiller Community, we developed a new Debt Payoff Planner you can customize to manage all your debt in one place.

Introducing the new Debt Payoff Planner for Google Sheets and Excel

Tiller Debt Payoff and Snowball Planner

The new Debt Payoff Planner makes tracking debt simple. It shows:

  • Current balances on all credit cards and loans 
  • Interest rates for each liability based on your input
  • Minimum monthly payments based on your input
  • Progress toward your debt payoff goals
  • Estimated monthly interest totals  
  • Projected debt payoff date (based on your inputs)
  • Total interest paid over the lifetime of the debt
  • Recommended payments to reach your desired payoff date

Customize Your Debt Payoff Strategy

The Debt Payoff Planner can model debt snowball, avalanche, or a custom ranking payoff strategy for up to 25 accounts for up to 30 years. 

See how different payoff amounts and other variables impact your debt freedom date. Experiment with variables including monthly payment amounts and time to debt payoff.

Then make a custom debt payoff plan based on your actual balances and real-world numbers.

About the Debt Snowball and Avalanche Methods

The debt snowball and avalanche methods are two popular strategies for paying off debt. The debt snowball method prioritizes small quick wins to stay motivated, while the debt avalanche method focuses on minimizing total interest payments over time.

Debt Snowball

The debt snowball method prioritizes paying off your smallest debt balances first, regardless of interest rate.

For example, using the snowball method you would pay off a credit card with a $1,000 balance and 10% interest rate before paying off a card with a 15% interest rate and $2,000 balance. 

The advantage of this method is psychological – successfully paying off small debts quickly can give motivation to keep tackling larger ones.

Debt Avalanche 

The debt avalanche method focuses on paying off debts with the highest interest rates first, regardless of balance size. 

For instance, you would pay off a high-interest credit card before paying off your student loans, even if the card has a lower balance. 

The debt avalanche will likely save you more in the long run by reducing interest payments. However, it can be less motivating without the quick wins of eliminating your small debts first. 

Custom Payoff Ranking Option

The Debt Payoff planner also provides a custom ranking model. Use this to target debts you simply want to eliminate first, regardless of any other factor. 

Budgeting for Debt Payoff

It’s recommended to make a quick budget before making a debt payoff plan. A budget shows how much money you have to put toward debt after covering your living and other expenses.

A budget can also help you find expenses to cut, giving you more to put towards debt. 

The Tiller Foundation Template includes a yearly and monthly budget. Several budgets are available at the Tiller Community Template gallery. 

Foundation Template
Tiller Foundation Template

Combining the Debt Payoff Planner with the budgeting tools in the Tiller Foundation Template will give you a master plan for transforming your financial life. 

However, while it’s recommended, a budget isn’t required to use the Debt Planner template. In fact, because it’s solely based on your account balances, you don’t even need to categorize transactions to use the Debt Planner spreadsheet.

Requirements and Installation 

The Debt Payoff Planner is included with your Tiller subscription. It’s available now for Google and Excel spreadsheets powered by Tiller Money Feeds. And, of course, it’s 100% compatible with the Foundation Template.

If you don’t have a Tiller subscription, you can try the Debt Planner completely free for 30 days.

If you cancel your trial, you keep the template along with any other templates and data you’ve installed.


Install the Debt Payoff Planner using the Templates feature in the Tiller Money Feeds add-on for Google Sheets, or Tiller Money Feeds add-in for Excel.

Google Sheets
Click the “Templates” option in the main sidebar and click “Install”

Microsoft Excel
Click Tools at the top of the Tiller Money Feeds sidebar then Manage Templates and click “Install”

Click here to learn more about how to install and use the Debt Payoff Planner

Sign Up for a Free “Get Out of Debt With Tiller” Webinar 

Learn more about the Debt Payoff Planner and how it can help you plan your debt payoff strategy with a free webinar, covering:

  • How to install the Debt Payoff Planner in your Tiller-powered spreadsheet
  • How to configure the Debt Payoff Planner for Snowball, Avalanche, or a custom ranking method
  • Suggested weekly Tiller workflows to help you stay on track with your debt payoff goals 

The webinar will be February 27 at 3:00 PM ET. Sign up even if you can’t attend and we’ll send a recording! 

Questions and Feedback

Share your questions and feedback about the Debt Payoff Planner here in the Tiller Community.

Edward Shepard

Edward Shepard

Marketing Lead at Tiller. Writer. Spreadsheet nerd. Get in touch with partnership ideas at edward @ tillerhq.com.

Notable Replies

  1. I am thrilled! I am new, and have just finished labeling about 6 months of transactions. Something like this needed to be the next step, and I was just about to search for it— thinking that I would need to learn google sheets and get something from the community.

    So thank you especially, for making this in Excel. I am getting my money’s worth here…


  2. Very excited for this - I started using the planner in google sheets. Unfortunately I ran into an issue. The Paid Off Month, Est Total Interest, and Recommended Payment columns are calculating incorrectly for whatever Account is ordered first. Looks like a formula issue. Happy to share more info if needed!

  3. Wow, I am totally impressed! Thank you guys for developing this powerful tool!

  4. This is great! Thank you.
    Is there a how to set it up file? The paid off month, set total interest, recommended payments and data visualization are not populating for me.

  5. That’s great news @claratells so happy you’re finding it valueable and using the Excel version!

    @jgallo07 A few things you can check:

    • make sure that you have the checkbox checked to “activate” the account. I kept messing that up :woman_facepalming:
    • double check the start month and if there isn’t a balance in the Balance History for the start month for that account that could be throwing things off
    • is there another account that has the exact same name? If so you’d want to nickname the accounts to be able to tell them apart

    If none of those help, we’d want to dig into this via support vs here in the community as we may need some screenshots so reach out to us using the chat tool on the Tiller Console at https://my.tillerhq.com (recommend reaching out M-F 8AM - 6PM ET so you’ll reach our team rather than just the outside office hours AI bot).

    @jonesntn you’re welcome! We’re excited about this release.

    @lewesandclarkbeachho you can find the instructions for setting it up on our help center:

Continue the discussion at community.tillerhq.com

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