Debt Payoff & Savings Tracker
Colour in your progress and watch the balance fall — the visual version of paying off debt, plus the 100 envelope savings challenge.
Buy for $5 Instant download · secure checkout via Gumroad
What's inside
- Debt payoff tracker you fill in as you go
- Debt snowball worksheet
- 100 envelope savings challenge sheet
- Savings goal tracker
Details
- Instant digital download
- A4 and US Letter both included
- Undated and reusable
Who it's for
For the person paying down debt who has stopped being able to feel progress. Balances move slowly, and a bank app showing £8,412 instead of £8,530 does not register as an achievement. Colouring in a tracker does, which is the entire reason this format persists. Pairing it with the 100 envelope challenge is deliberate too: paying off debt while saving nothing means the first unexpected bill puts you straight back on the card, so the sheets sit side by side rather than competing.
How to use it
- Write every debt down with its balance and interest rate, smallest balance first. Seeing them in one place is unpleasant and necessary.
- Choose the snowball order on the worksheet: clear the smallest first for momentum, regardless of what the maths prefers.
- Colour in one segment of the tracker each time you pay. Do it the same day the payment leaves.
- Run the envelope sheet alongside at whatever pace you can — even a small buffer stops the next surprise becoming new debt.
- When a debt clears, roll its payment into the next one and mark the date. That rolled figure is the snowball.
Questions
Snowball or avalanche — which should I use?
The avalanche (highest interest first) costs less; the snowball (smallest balance first) is finished more often, because clearing a whole debt is motivating in a way that saving interest is not. These sheets are built for the snowball. If you want the exact cost difference for your own numbers, the Debt Payoff Calculator computes both.
Should I really save while I still have debt?
A small buffer, yes. Without one, the next car repair goes on the card and undoes months of work. The usual advice is a modest starter fund first, then debt, then serious saving — which is why both sheets are in the same download.
What is the 100 envelope challenge?
You number a hundred envelopes and fill a randomly chosen one each time you save, putting in whatever number is on it. It turns saving into a game with a visible end, and the sheet lets you run it without owning a hundred physical envelopes.
This is a digital product — nothing is shipped. Files are available to download immediately after checkout.