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Free Printable Debt Snowball Worksheet

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This free printable debt snowball worksheet set will make paying down your debt simple and easy to understand. The debt snowball is one of the best ways to make a big dent in your outstanding debts.

Free Printable Debt Snowball Worksheets for payments and a tracker on a red, white and orange background


I first learned about the debt snowball method from reading a Dave Ramsey book and from his Financial Peace University course.

The premise is very simple yet extremely effective.

There are simple steps involved in eliminating debt in a systematic way.

  1.  Write all your debts down in a list from smallest to largest. This list is based on the amount of money you owe and has nothing to do with the interest rate you are paying on the debts.
  2. You will make the minimum payment on every debt EXCEPT for the smallest debt.
  3. The smallest debt will become your big focus and you will pay as much as possible on that debt every month until it is paid off.
  4. When you get the smallest debt paid off it will be marked off the list and you will move on to the next smallest debt. Keep repeating this process until all the debts are paid off!

One reason this process works so well is that people are very encouraged by paying a bill off completely. It feels SO GOOD and you will want to do it again and again.

By starting with the smallest you are able to see success quickly and seeing results will keep you motivated to continue on the path to becoming debt-free.


The first free printable debt snowball worksheet is a tracking sheet.

Write each one of your debts down on this form in order from smallest to largest. List the balance, interest rate, and minimum payment.

The smallest debt will be the one that will be getting the snowball payment. Write down the amount you plan to pay on that debt each month.

Remember it is okay to pay even more if it is possible.

Once you get a debt paid off you can happily check the paid off circle! I love checking things off a list, don’t you?

Free Printable Debt Snowball Worksheet


I love spreadsheets and numbers. You can totally be successful with the debt snowball by just using the first worksheet.

I like to keep close track of where we are financially so I have 2 more trackers to share!

The debt snowball payments tracker lets you watch the debt amounts go down, down, down each month. Write down the new balances as you make payments each month.

Free Printable Debt Snowball Payments Worksheet


I really love the payoff tracker worksheet. This lets you get into the nitty-gritty of each debt you owe.

I like to print this off for the debt I am currently snowballing. It gives me a big picture vision of how long it will take me to reach my goal.

The feeling of knowing how much money I will save in interest payments always makes me smile!

Free Printable Debt Payoff Tracker Worksheet


You can download and print off this free printable debt snowball worksheet set for your own personal use. Save it to your computer so you can reprint as often as you need to.

Just fill in the form below to download the Free Printable Debt Snowball Worksheet. You’ll also get access to my entire library of free printables.


How do I access the printable?

Fill in the form above. After you submit the form, you’ll receive an email from “Wondermom Wannabe” with a direct link to the printable library where you’ll find the link to the printable above as well as all of my other free printables. If you do not see the email in your inbox within a few minutes, check your spam folder.

Where can I find my file after I download it?

The most likely place will be in your computer’s Downloads folder. You can also select “Downloads” in your browser menu to see a list of your downloads, then simply select “Show in folder” below the file name to see where it is stored on your computer.

How do I print a PDF?

You’ll need a program that supports PDFS, like Adobe Acrobat (which is free). Open the program, click File > Print. Select your printer and set the number of copies you want to print. Double check your print preview, then click print.

Free Printable Debt Snowball Worksheets for payments and a tracker on a red, white and orange background

As you are working on paying off your bills be sure to check out these ways to save money and make extra money:

Don’t forget to PIN this for later!

a collage of Free Printable Debt Snowball Worksheets for payments and a tracker on a red, white and orange background with title text reading Printable Debt Snowball Worksheets

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