Worksheet

Debt payoff worksheet

Use this worksheet to compare balances, interest rates, minimum payments, and your realistic monthly payoff capacity.

1. List every balance

Write the balance, interest rate, minimum payment, and any teaser-rate deadlines.

2. Choose your strategy

Decide whether avalanche, snowball, or a hybrid approach fits your situation best.

3. Check your buffer

Don’t ignore whether a zero cash buffer will force you back into debt.

4. Set one next milestone

Choose the next useful target, not a fantasy payoff plan you won’t sustain.