Debt payoff worksheet.
List every debt. See the smartest payoff order. Watch what one extra payment a month does.
Updated October 3, 2026
ClearMoneySchool
Free money worksheet
Debt Payoff Worksheet
List every debt, prioritize, and track payoff month by month.
Plain-English finance education, clearmoneyschool.com · Education only. ClearMoneySchool does not provide individualized investment, tax, or legal advice.
1. List every debt
Pull up every account: credit cards, student loans, car loans, medical, family loans. Don't skip the small ones, they quietly drain motivation.
| Lender / account | Balance | APR | Min. payment |
|---|---|---|---|
2. Pick a method
Two ways to attack debt. Both work. Pick the one your brain actually responds to.
Avalanche method
Pay minimums on all, then attack the HIGHEST APR first. Saves the most money in interest.
Snowball method
Pay minimums on all, then attack the SMALLEST BALANCE first. Builds momentum from quick wins.
3. What if you paid a little extra?
Even $50 or $100 extra each month, applied to the priority debt, can shave years off the total.
Use this space to track your thoughts, calculations, or follow-up actions. Saved privately on this device.
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Educational only. Not financial advice. Payoff months are estimates based on the formulas above. Your actual lender statement is the source of truth.