💸 The Debt Payoff Tracker
Free Worksheet — UpFromZeroHQ.com
Every dollar above the minimum is a win.
How to use this tracker: List every debt you owe below. Fill in the balance, interest rate, and minimum payment. Then decide how much extra you can throw at one debt at a time using either the Avalanche or Snowball method.
| Debt Name | Lender | Balance ($) | Interest Rate (%) | Min Payment ($) | Extra Payment ($) | Target Payoff Date | Status |
|---|---|---|---|---|---|---|---|
| 1. | Active | ||||||
| 2. | Active | ||||||
| 3. | Active | ||||||
| 4. | Active | ||||||
| 5. | Active | ||||||
| 6. | Active | ||||||
| 7. | Active | ||||||
| 8. | Active | ||||||
| TOTAL DEBT | $_______ | — | $_______ | $_______ | — | — | |
🎯 Avalanche vs. Snowball — Which Should You Use?
Both methods work. Pick the one you will actually stick with.
Debt Avalanche
Pay minimums on everything, then throw all extra money at the highest interest rate debt first. Saves the most money overall.
Debt Snowball
Pay minimums on everything, then attack the smallest balance first. Faster wins keep you motivated. Great if you need early momentum.
“Every dollar above the minimum is a win. Keep going.”