Paying off debt is extremely difficult. Even if it is a small amount it is hard finding extra money towards accumulated debt. If you are looking for a simple template to use to track your debt you can print a copy of this debt payoff planner.
You can print a separate sheet for each creditor. For example, you can print a copy of this debt payoff planner for your car loan and then another copy for a credit card that you have. This will help you to keep track of your debt and help you to stay organized while paying it off. You can track the interest rate, balances and all payments that you make.
This printable is really nice to use for when you have loans that give you those payment booklets. We had a booklet for my car payment and I hated not knowing how much was left on our loan since they did not send a monthly bill. Also, I was so afraid of forgetting to pay it without the constant reminder being mailed each month, so I used this debt pay off planner to help keep me on track.
How to Use the Debt Payoff Planner:
- Fill in the Interest rate for that specific loan/debt
- Write in the minimum payment amount that is due each month along with the due date
- As you make payments you can write in any extra amount that you send and then the total payment amount
- For the last category you can keep a running balance after your payment for that month