![]() You can get your Free Debt Snowball Printable Kit by clicking the button below. Once it’s paid, you move onto the next debt. Here you will list each debt from smallest to largest and add in information like your minimum monthly payment and how much extra you pay each month. The third and final page is the Debt Snowball Worksheet. This allows you to see your progress on each debt until you reach that 100% debt payoff section. ![]() Here you can list goals and information pertaining to each debt. The second page in the kit is the Debt Payoff Tracker. You will cross off each month as that bill is paid. You will also include your monthly payment and the amounts you have paid on it each month. Here you will list all of your debts from smallest to largest. The first page in the kit is the Debt Snowball Payments page. How to Use The Debt Snowball WorksheetsĪll you need to do is download and print the Debt Snowball Tracker Worksheets. This is based on the principles of Dave Ramsey’s Total Money Makeover Book and Financial Peace University. Since you are paying off your debt smallest to largest, you are able to see progress much faster allowing you to stay motivated to paying the next debt until you are debt free! You keep doing this creating a “snowball effect” until your debt is paid. Once the smallest debt is paid, you take that minimum payment + any extra money you have and you attack the next debt. With that one, you throw everything extra at it until it’s paid off. You then make minimum payments on all your debts except for the smallest debt. Things get out of whack quickly for both low-income and high-income individuals and families. ![]() ![]() This approach is best for younger, average-income earners who have paid off their high-interest debt. You begin by listing your debts from smallest to largest in terms of the balance. The 50/30/20 budget divides your after-tax income into three separate categories: 50 for needs, 30 for wants and 20 for savings/financial goals. How to Use The Snowball Method to Pay Off Debtĭave Ramsey’s Debt Snowball Method is a way to quickly pay off your debt. These worksheets make it easy to pay off debt quickly and visibly see your progress using the Dave Ramsey debt snowball method. Track your monthly payments and debt payoff progress with these Free Debt Snowball Printable Worksheets. ![]()
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