MoneyPlainly
Debt Payoff Tracker
Track every debt, pick your strategy, and watch the balances drop
Start Date
Total Debt at Start
Target Debt-Free Date
Debt Inventory
| # | Debt Name | Balance | Interest Rate | Min Payment | Extra Payment | Payoff Date |
|---|---|---|---|---|---|---|
| 1 | $ | % | $ | $ | ||
| 2 | $ | % | $ | $ | ||
| 3 | $ | % | $ | $ | ||
| 4 | $ | % | $ | $ | ||
| 5 | $ | % | $ | $ | ||
| 6 | $ | % | $ | $ | ||
| 7 | $ | % | $ | $ | ||
| 8 | $ | % | $ | $ | ||
| TOTALS | $ | $ | $ | |||
Pick Your Strategy
Snowball Method
Pay off the smallest balance first while making minimum payments on everything else.
Best for: Motivation. Quick wins build momentum.
Downside: May cost more in total interest.
Avalanche Method
Pay off the highest interest rate first while making minimum payments on everything else.
Best for: Saving the most money on interest overall.
Downside: First payoff may take longer. Requires patience.
12-Month Progress Tracker
Write your total remaining debt balance at the end of each month.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ |
Milestones to Celebrate
First Debt Paid Off
Date: __________ Debt name: __________
25% of Total Debt Eliminated
Date: __________
Halfway There
Date: __________
75% of Total Debt Eliminated
Date: __________
DEBT FREE!
Date: __________
Remember: every dollar you pay is a dollar you never owe interest on again.
You did not get into debt overnight. Getting out takes time too. Track your progress and celebrate the wins.
moneyplainly.com
This tracker is for educational purposes. Consult a financial advisor for personalized debt management strategies.