Debt Payoff Tracker Dashboard Template in Excel & Google Sheets
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Debt Payoff Tracker Template in Excel & Google Sheets, Debt Snowball, Debt Avalanche, Custom Debt Order
How to Use Debt Payoff Tracker | Step-by-Step Video Tutorial
Accelerate your path to financial freedom with Debt Dashboard Spreadsheet. This all-in-one tool streamlines your debt repayment strategy, providing calculated insights into when you'll 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.
FEATURES:
- Add Up to 50 Debts and Track Up to 50 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 Payoff Tracker:
- 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
WHAT’S INCLUDED?
- Step-by-step instructions
- 4 Templates of Spreadsheets
- Sample Google Sheet with Mock Data
- Blank Google Sheet
- Sample Excel with Mock Data
- Blank Excel
- Editable in Google Sheets and Microsoft Excel
- Compatible with MAC, PC, Phones, or Tablets
FEATURES & LIMITATIONS
- Automated Calculations: All totals, charts, and summaries update automatically when data is entered. No manual math required.
- Currency Customization: For all budget and finance-related templates, you can easily change the currency symbol (USD, EUR, GBP, etc.) in just a few clicks.
- Protected Formulas: Certain cells and tabs are locked to prevent accidental deletion of complex formulas, ensuring your template works perfectly. However, no passwords are required—you can easily unlock the sheets if you wish to customize the structure.
- Language: This template is provided in English
- No Macros: We use advanced formulas instead of VBA macros, making the files safer and more compatible across different devices.
HOW IT WORKS & REQUIREMENTS
SYSTEM REQUIREMENTS:
To ensure all features and automated functions work correctly, you will need:
- Microsoft Excel: A subscription to Microsoft 365 (formerly Office 365) is strictly required. Older versions (Excel 2019 or earlier) may not support all formulas.
- Google Sheets: A free Google Account if you prefer using the web-based version.
- Device: A desktop or laptop is highly recommended for the best experience. Mobile devices may have limited editing capabilities.
HOW IT WORKS:
- Purchase and download your files instantly.
- Open the PDF file to access your unique Google Sheets link.
- Open the Excel file directly if using Microsoft 365.
- Follow the setup instructions inside and start planning!
IMPORTANT TO KNOW:
- Compatibility: This template is exclusively designed for Microsoft 365 and Google Sheets. It is not compatible with Numbers (Apple), LibreOffice, or OpenOffice.
- Refund Policy: Due to the instant nature of digital downloads, no refunds or exchanges can be given once the files are downloaded. Please verify your software compatibility before purchase.
- Personal Use Only: Your purchase grants you a single-user license. Re-selling, sharing, or distributing this template in any form is strictly prohibited and protected by copyright law.
DISPLAY & COLOR DISCLAIMER: The visual appearance of the spreadsheet may vary slightly depending on your screen resolution, color settings, and device hardware. For the best experience, we recommend using a desktop or laptop.
NEED HELP? If you have any questions, feel free to reach out to us at spreadsheetshub.office@gmail.com or info@spreadsheetshub.com. You can also contact us on WhatsApp for assistance.
