Snowball or avalanche, which should I use?

Avalanche (highest interest rate first) saves more money overall; snowball (smallest balance first) tends to keep people motivated longer. This tracker works for either.

How many debts fit on one page?

Ten rows are included, enough for most people's full debt list on a single sheet.

Free Debt Payoff Tracker Printable

See every debt in one place, side by side. This tracker helps you compare balances and interest rates so you can decide whether to snowball or avalanche, and log payments as you make them.

Debt Payoff Tracker
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Debt Name	Starting Balance	Interest Rate	Min. Payment	Current Balance

How to Use This Printable

List every debt: credit cards, loans, and balances owed to family.
Fill in the starting balance and interest rate for each.
After each payment, update the Current Balance column.
Order the rows by interest rate (avalanche) or balance size (snowball), whichever method you're using.

Ideas for Using This Printable

Use one sheet per quarter so you can see your progress trend over time.
Combine with the Monthly Budget Planner's Debt Payments row.
Highlight the smallest balance if you're using the snowball method, for quick early wins.

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FAQ

Snowball or avalanche, which should I use?: Avalanche (highest interest rate first) saves more money overall; snowball (smallest balance first) tends to keep people motivated longer. This tracker works for either.
How many debts fit on one page?: Ten rows are included, enough for most people's full debt list on a single sheet.