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.

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