Free Debt Avalanche Payment Sheet Template
Debt Avalanche Payment Sheet
Prepared by:
[YOUR NAME]
[YOUR COMPANY NAME]
Step 1: List All Debts
Debt Type | Creditor | Total Balance | Interest Rate | Minimum Payment |
|---|---|---|---|---|
Credit Card | ||||
Business Loan | ||||
Equipment Financing | ||||
Supplier Debt |
Step 2: Prioritize Debts (Debt Avalanche Method)
Rank the business debts by interest rate, from highest to lowest.
Allocate any extra payments to the debt with the highest interest rate.
Rank | Debt Type | Creditor | Interest Rate | Total Payment |
|---|---|---|---|---|
1 | ||||
2 | ||||
3 | ||||
4 | ||||
5 |
Step 3: Debt Repayment Schedule
Month | Debt Type | Total Payment | Amount Paid | Remaining Balance |
|---|---|---|---|---|
Step 4: Progress Tracker
Month | Amount Paid | Total Remaining Debt | Debt Paid Off | Remaining Debts |
|---|---|---|---|---|
Tips for Success
Pay More Than the Minimum: Whenever possible, make extra payments on the debt with the highest interest rate to reduce it faster.
Stay Consistent: Maintain the payment schedule each month and adjust only when necessary.
Reassess Regularly: Evaluate your repayment progress every 3 to 6 months and make adjustments to your strategy as needed.
