Debt Snowball Tracker

How the Debt Snowball Works

• Step 1: List all debts from smallest balance to largest
• Step 2: Make minimum payments on every debt except the smallest
• Step 3: Throw every extra dollar at the smallest debt
• Step 4: When the smallest debt is paid off, roll that payment into the next smallest
• Step 5: Repeat until every debt reads $0
• Tip: "This method is not about math — it is about momentum. Quick wins keep you going."

Debt Inventory

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Monthly Payment Tracker

• Month 1
• Month 2
• Month 3
• Month 4
• Month 5
• Month 6
• Month 7
• Month 8
• Month 9
• Month 10
• Month 11
• Month 12
• Month 13
• Month 14
• Month 15
• Month 16
• Month 17
• Month 18
• Month 19
• Month 20
• Month 21
• Month 22
• Month 23
• Month 24

Debt Payoff Thermometer

Visual thermometer graphic divided into 10% increments (0% to 100%).

• 10% paid off — $
• 25% paid off — $
• 50% paid off — $
• 75% paid off — $
• 90% paid off — $
• 100% DEBT FREE — $

Filled-In Example

Name: Jordan | Start Date: January 2026 | Target: December 2027

Debt Inventory

• 1 — Store Card — Credit card — $800 — $650 — 24.99% — $25 — 1
• 2 — Visa — Credit card — $3,200 — $2,900 — 19.99% — $65 — 2
• 3 — Car Loan — Auto — $12,000 — $8,400 — 5.9% — $240 — 3
• 4 — Student Loan — Federal — $28,000 — $22,000 — 4.5% — $180 — 4

Totals: Current debt $33,950 | Minimum payments $510/mo | Extra available $200/mo

Month 1 Entry

• Jan 2026 — Store Card — $225 ($25 min + $200 extra) — $425 — $33,725 — Sold old textbooks for $40 extra