4_Debt_Payoff_Planner.xlsx

	A	B	C	D	E	F	G
1	Debt Payoff Planner
2	Moneykar.com — Avalanche (highest rate first) vs Snowball (lowest balance first)
3
4	📋 ENTER YOUR DEBTS BELOW
5	Debt Name	Outstanding Balance	Interest Rate (% p.a.)	Minimum Monthly Payment	Monthly Interest	Months to Payoff (Min.)	Total Interest Paid

6	Credit Card — HDFC	45,000	36.00%	2,000	1,350	39	33,000
7	Personal Loan — Axis	180,000	16.00%	4,500	2,400	58	81,000
8	Car Loan — SBI	350,000	9.50%	8,000	2,771	54	82,000
9	Education Loan	120,000	8.00%	3,000	800	47	21,000
10	Home Loan (excess)	2,500,000	8.50%	0	17,708	Pay more!	#VALUE!
11	Other Debt 1	0	0.00%	0	0	0	0
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13	TOTALS	3,195,000		17,500			#VALUE!
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15
16	⚡ STRATEGY COMPARISON
17	Strategy	Description	Priority Order	Advantage	Best For
18	🏔️ AVALANCHE	Pay highest interest rate debt first, minimums on all others	1st: Credit Card (36%), 2nd: Personal Loan (16%), 3rd: Car Loan (9.5%)	Saves the MOST money in total interest paid	People motivated by numbers and saving money
19	⛄ SNOWBALL	Pay lowest balance debt first, minimums on all others	1st: smallest balance debt, work up to largest	Fastest psychological wins — debts disappear faster	People who need motivation milestones
20
21	💡 POWER TIP: Any extra money beyond minimums should go entirely to your #1 priority debt. Once cleared, redirect its EMI to the next debt.
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