Create a budget and set a game plan with these Debt Payment Tips. Using a debt payment calculator and debt payoff tracker printable template, pay down debt so you can declare you are debt-free!
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Debt Payment Tips with Debt Payoff Tracker
We have a Christmas Gift for you. Everyone wants to spring into the new year (especially after 2020), with a fresh start! Can I get a nod? We pulled our Debt Payment Tracker from our Busy Mom Binder to bring you this New Year’s Organizational Printable gift.
I wanted to share with you a few Dave Ramsey quotes. These money inspirational quotes about money might be empowering enough to kick your but the start of this new year.
“We buy things we don’t need with money we don’t have to impress people we don’t like.” (The Total Money Makeover)
“If you will live like no one else, later you can live like no one else.”
“A budget is telling your money where to go instead of wondering where it went.”
“Live like no else today, so you can live like no else tomorrow.”
How Do I Track My Debt Payoff
Let’s get started. How do I track my debt payoff? The quick and easy answer is a debt tracker PDF. However, it will be futile to began a debt payment tracker without knowing how to get started.
To track you debt payoff you need to set a budget, know helpful tips, and calculate your debt. With a debt calculator, you will then have a debt payment plan to began your journey of being debt free.
Debt Payoff Tips
There are a few debt pay off tips to consider when beginning this process.
- Create a budget
- Maintain a Debt Progress Tracker
- Pay more than the minimum balance
- Put a halt on your credit cards
- Spend cash only (where you can) Start with a Cash Envelope Wallet.
- Take a no spend challenge while you payoff debt
- Have a friend hold you accountable
- Set small goals
- Have a reward at the end goal
When you feel you are going to cheat, have a mantra. A mantra is a a statement or slogan repeated frequently. For example, when I am watching what I am eating, before I pick up that OREO, I tell myself “beach body.” It reminds me for the look I am going for.
The same can be true with spending habits. Before you spend, have a mantra. Before you swipe the credit card or pull out that wallet, say “act your wage” (another Dave Ramsey quote.) Make the quote your own. You could say “family vacation” (a small reminder of your reward at your end goal!)
What will your debt payoff mantra reminder be?
Debt Payoff Calculator
Want to find out how quickly you could be debt-free? Dave Ramsey is an excellent resource. Use this Dave Ramsey Debt Calculator. Answer five questions about your different debts. Based on your answers and national research data, find the estimated amount of time it will take you to pay off your total debt.
Debt questions include…
- What is the balance on your credit card(s)?
- What is the balance on your car loan(s)? What are you monthly payments?
- What is the balance on your student loan(s)? What are you monthly payments?
- What is the total of any other non-mortgage debts you have not listed?
- What is your total household income?
After answering these Debt Calculator questions, see your total debt as well as the plan to help you pay it off fast. In many cases your debt payment plan will not be a race, it will be a marathon. Remember, slow and steady wins the race. Pace yourself and discipline yourself to stay within your budget and on your debt payment tracker plan.
Debt Payment Tracker
Once you know your total debt and have a payment plan, having a debt tracker template will help you see your progress and results. Download our debt payoff chart PDF. For this debt payoff visual printable, use the results of your debt payment calculator to began your progress.
Can’t wait to hear you shout “We are debt free!”
Debt Payoff Tracker Printable
Download our Free Printable Debt Payoff Worksheet PDF . Subscribe and look for a link and password in our inbox. The password allows you to access and download all of our free printables.
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How to Print at Staples
If you want to print all of these printables from a copy service center, I have a video to show you how I print my PDF documents at Staples. First, sign in or create a Staples account. Next, return to the Staples Printing Service Page. and go to Documents Printing. Follow the steps from there.
Our Pinterest community and I would love to see how this worked out for you. Share your Debt Payoff Tracker Progress. Leave a comment and/or add a photo here on Pinterest!
Money Savings Challenge Printables
We have more money savings challenge printables to accompany the new year challenge. Take a look at our No Spend Month Tracker, Savings Goal Tracker for Kids, and 52 Week Savings Plan Challenge.
30-Day No Spend Challenge
Take a look at our 30-Day No Spend Challenge with creative ideas to not spend over the weekend! Turn spending habits into savings habits with this month long No Spend Challenge. Download your no spend tracker and get an bonus checklist of No-Spend Weekend Ideas printable.
Kids Savings Tracker
We also want to share our Kids Savings Tracker. This two page free Savings Tracker Printable for Kids includes a coloring page. Download this coloring sheet and color as you progress. You child will save $5 a week for a total of $175 by the time they finish the savings challenge.
52 Week Savings Challenge
If your kids are saving, you take the challenge too. Print our 52 Week Savings Challenge. This 52 Week Savings challenge is a printable PDF you can download and start following in the new year. n one year’s time you could save $2620.
The Busy Mom Binder
This Busy Mom Binder has been been our families life saver. Our family command center on our kitchen island. The binder includes Password Keeper, Weekly Meal Plan (with grocery list), Babysitter Notes, Daily & Weekly Chores Checklist, Kids How to Clean My Room Checklist and (of course) our Debt Payment Tracker Printable just to name a few.
More Home Organizational & Money Savings Printables
Its’ a new year. Take a these twenty (plus) Home Printables to Get Organized for The Year Year.
WHAT’S TRENDING? Looking for a few engaging activities? Grab Minute to Win it Games – Traditional, Holiday, Group, and more! Use these fun activities in the office, classroom, or at your next birthday party.
Last Updated on December 26, 2020 by Ashley at Frugal Coupon Living