Debt Payoff Tracker Dashboard Template in Excel & Google Sheets

Debt Payoff Tracker Template in Excel & Google Sheets, Debt Snowball, Debt Avalanche, Custom Debt Order

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.

WHAT’S INCLUDED ?

- Step by step instructions
- 4 Templates of Spreadsheets
- One sample Excel spreadsheet with mock data
- An Excel spreadsheet with empty data
- A sample Google Sheets spreadsheet containing mock data
- A Google Sheets spreadsheet with empty data
- Editable in Google Sheets and Microsoft Excel
- Compatible with MAC, PC, Phones, or Tablets

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