One of the first steps to paying off debt is organizing your debt. There are some important pieces of information, like interest rates and minimum payments, that you need to keep a close eye on. Having your debt organized in a debt payoff table will give you a visual and help you track your progress.
You can click the table below to print it out.
Or, click below to download it and use it in Excel. (The debt payoff table in Excel already has the formulas you will need!)
Once your information is organized in the debt payoff table, you can take the next important step in your debt repayment: Calculating your debt-to-income ratio.