The best debt tracker spreadsheet Start tackling your debt in a matter of minutes. Meet the Easy Money Spreadsheet. What you'll receive: 1. Debt Tracker Template 2. Bill Pay Checklist 3. Budgeting Spreadsheet. The Accelerated Debt Payoff Spreadsheet is going to be based on one of the most successful and recognizable debt payoff strategies. It is called the debt snowball strategy. It has gone by other names depending upon who has been teaching the strategy at the time but in general, they all share the same common principles.
Are you buried in credit card debt?
Do you want to create an easy to follow get out of debt plan that actually works?
After digging myself into credit card debt of over $10,000 I was struggling to get out. I would be motivated for a month or two and then lose interest. The reason for this was simple: I just didn’t feel like the payments I was making were having any impact on my debt.
Apr 29, 2017 - Choose from these free debt reduction planning spreadsheets to determine which debt to pay down first using the debt snowball method. The snowball method is the best way to pay down your debt. If you’re skeptical and want to see how it will work, this spreadsheet will calculate exactly how long it will take to be debt free.
I needed a solution.
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So I created one. After doing some research, I learned the best plan to get out of debt was the snowball method. With this plan, you pay off the smallest debt first and this motivates you to keep going.
I created an excel spreadsheet that included all of my debts. Over the weeks and months, I tweaked it so that it became a complete get out of debt plan.
Why Download My Debt Snowball Spreadsheet?
The reason you want this free spreadsheet is because it will help to keep you motivated to finally get out of debt for good.
You will have a plan and see the impact of every dollar you put towards your debt. You will see your progress and build momentum in paying off your debt.
Here are the features of my free debt snowball spreadsheet.
- Enter the details of up to 15 of your debts to track.Enter the details of up to 15 of your debts to track.
- Have them automatically sorted so you know how much to pay each month.Have them automatically sorted so you know how much to pay each month.
- Enter in the additional amount of money you can afford to put towards your debt. You can choose a lump sum or decide each month how much extra to pay.Enter in the additional amount of money you can afford to put towards your debt. You can choose a lump sum or decide each month how much extra to pay.
- See how quickly you will be pay off each of your debts.See how quickly you will be pay off each of your debts.
- Stay motivated to help you pay off your debt once and for all.Stay motivated to help you pay off your debt once and for all.
The Power Of The Debt Snowball
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As I mentioned, I felt like I wasn’t making any progress towards paying off my debt. But the debt snowball plan changed all of that. By paying off the smallest balance debt first, I was motivated.
Instead of having 4 debt payments to make each month, now I only had 3. And by putting the money that was going to that now paid off debt towards my remaining debt, I was paying off my next debt even faster.
The result was a snowball going downhill. My payments were larger each month because I had fewer debts and I was excited to get out of debt.
The debt snowball spreadsheet helped me to pay off my $10,000 of credit card debt in a little over 1 year!
Get Your Copy Of My Snowball Debt Spreadsheet
If you want a plan to get out of debt, this is the spreadsheet to use.
You can get it for free by simply entering your email address below.
Once you click on the ' Give Me My Free Spreadsheet' button, you will get an email from me confirming you want the spreadsheet. Be sure to keep an eye open for an email from ‘Jon @ MoneySmartGuides’ just in case it gets tossed into your spam folder by accident.
After you open that email and click on the link to confirm, you will immediately be directed to the download page where you can get the spreadsheet. I’ll also send you a follow up email with the download link as well.
Focused on providing information for anyone in need of debt relief, Jackson Maven writes a blog on debt settlement, debt consolidation, tax debt relief and student loan debt which helps to find the debt solution that fits their unique needs no matter the amount of debt they are in.
Debt is something that you might not be proud of. This is why clearing debts is very important. Many debtors prefer taking guidance from the professionals for settling their debts. Depending on the financial situation of the borrower, credit counseling agencies often suggest the debtor undergo a debt management program. These programs generally last for 3-5 years.
The agencies help the borrower in clearing off their debt by either negotiating with creditors over reducing the original debt amount or decreasing interest rates, waving off of late payment charges, etc.
Credit counseling agencies
A good credit counseling company not only helps the debtor in clearing off the debt but also help them in controlling expenses and managing their finances. In exchange for the services provided by them, most of these agencies charge a monthly fee (around $50) to their clients.
Managing debts can be a very stressful job, especially for those who do not have a financial background. The debts can be of medical bills, unsecured loans, and most common credit card bills. If you are a person who believes in overcoming hurdles all by yourself, then you may opt for a DIY. In other words, you can create your very own debt management plan.
The most common thing that scares an individual as far as managing finances or paying off debt is concerned is the ‘calculations.’ Examples are: calculating the interest levied, the ratio of income to expenditures, total savings needed on a monthly basis for settling debt, etc. can be quite tiresome. There is no need to be disheartened, however. Technology has debt management much easier. Several spreadsheets are available on the internet that can help you in creating your own debt-settling plan and also in planning your credit repair strategy.
Best Debt Reduction Spreadsheet
Use a debt reduction spreadsheet
Besides being easy to use, these debt reduction spreadsheets are available for free. They can be used with Google Sheets, Microsoft Excel, or Open Office Calc. They come with built-in formulas. This means the user doesn’t have to do any calculations; the spreadsheets take care of it. But before you start your journey of creating and executing your debt management plan, you will need two essential things.
Free Spreadsheet For Mac
Firstly, you need to be determined to get rid of your debt. The duration of a debt management program can last over 3-5 years. During that period having control over expenses and a motivation to save more money is very crucial. Until and unless you are determined to clear off your debt, overcoming the temptation of purchasing could be quite difficult.
Best Free Spreadsheets For Mac
Secondly, before you start planning, you need to have a clear understanding of the total bills or loan installments pending on your behalf. For this, you need to ask all the creditors to provide the bills and statements. Once you have all the required financial details, you can start by filling those details in your spreadsheet.