Debt Payoff Tracker Template in Excel & Google Sheets, Debt Snowball, Debt Avalanche, Custom Debt Order
This template is fully customizable! You can change everything in it – colors in tables, pie charts, etc.
Accelerate your path to financial freedom with the Comprehensive Debt Management Spreadsheet. This all-in-one tool streamlines your debt repayment strategy, providing calculated insights into when youll achieve debt-free status. Customize your payment plan, and witness the dynamic adjustments in your monthly payments and payoff deadlines as you make extra contributions.
Debt Snowball
The Debt Snowball is a debt repayment strategy that focuses on tackling debts one at a time, starting with the smallest balance and working your way up. This method is psychologically effective because it provides quick wins, motivating you to pay off more debts as you progress. By rolling over the payments from one debt to the next, you build momentum and eventually eliminate all your debts.
Debt Avalanche
The Debt Avalanche is a methodical approach to debt elimination that prioritizes paying off debts with the highest interest rates first. By focusing on high-interest debts, you minimize the total interest you pay and potentially clear your debts faster, saving money in the long run. While it may not offer the quick psychological wins of the Debt Snowball, it can be more cost-effective.
Custom Debt Order
The Custom Debt Order is a personalized approach to debt repayment that allows you to prioritize your debts based on your specific financial situation and goals. Instead of following a predetermined method like the Debt Snowball or Debt Avalanche, the Custom Debt Order puts you in control of the repayment strategy.
Step by step instructions in YouTube – https://www.youtube.com/watch?v=mObM0RtIVZM
WHAT’S INCLUDED ?
Detailed video tutorial on how to use this spreadsheet
Step by step instructions
4 Templates of Spreadsheets
1 Sample Excel Spreadsheet with Mock Data
1 Excel Spreadsheet with Empty Data
1 Sample Google Sheets Spreadsheet with Mock Data
1 Google Sheets Spreadsheet with Empty Data
Editable in Google Sheets and Microsoft Excel
Compatible with MAC, PC, Phones, or Tablets
FEATURES:
Add Up to 15 Debts and Track Up to 30 Years
Pick Between the Debt Snowball, Custom Debt Order, and Debt Avalanche Method
Use with Any Currency
Automatic Calculations
Includes a Journal Tab and a Monthly Overview
Track Your Interest Payments and Debt-Free Dates for Each Strategy
Methods Included in DEBT DASHBOARD:
Snowball
Avalanche
Custom Debt Order
Easy to Set Up:
Know how to clear your debt in 5 steps
Choose the most efficient strategy for your debt
Intuitive and easy-to-understand dashboard
Global Dashboard:
See your overall progress as you progress
Dynamic dashboard over the debt clearance period
Track your monthly target for each debt
Payments Schedule:
Understand how each debt is cleared
Add or subtract extra payments
Intuitive and easy-to-understand dashboard
Payments Tracker:
Track your debt payments against the target
Categorization in sources and products/services
Tax accountability for annual tax reporting
!! IMPORTANT !!
YOU WILL NEED:
A device to access Google Sheets or Microsoft Excel
A Google Account (if editing through Google Sheets)
Microsoft Excel (if editing through Excel)
Basic computer knowledge
HOW IT WORKS:
Purchase (instant download)
Upload the PDF file (access to Google Sheet)
Download the Excel template
Open the spreadsheet (start planning!)
SOME POINTS TO CONSIDER:
This is a digital download. No physical items will be shipped after the purchase.
Due to the digital nature of the product, all sales are final, and refunds are not issued.
DISCLAIMER REGARDING COLORS:
The actual color of the spreadsheet may vary due to differences in how our screens display color. Your phone, tablet, or computer may show colors differently, just as we also perceive colors differently. Please keep this in mind when purchasing the template.
With our extensive collection of elements, creating and customizing layouts becomes
second nature. Forget about coding and enjoy our themes.
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