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Debt

Debt Payoff Tracker For Google Sheets

See every debt, pick a payoff method, and watch the debt-free date move closer each month.

Who it’s for
Anyone paying off credit cards, loans, or other debt who wants a clear plan and a real payoff date instead of guesswork.
Problem it solves
Most debt trackers are either a single total that never updates or a tangle of tabs you abandon by month two. This one lists every debt, compares snowball vs avalanche, and projects a payoff date — then stays current so the plan keeps working.

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Key benefits

  • One place for every balance, interest rate, and minimum payment
  • Side-by-side snowball vs avalanche comparison
  • A projected debt-free date that updates as you pay
  • Progress tracking with paid-off and remaining totals
  • Works on desktop and the Google Sheets mobile app
  • Optional Avery bank sync so balances stay current automatically

The Debt Payoff Tracker is Avery's plan-and-progress sheet for getting out of debt in Google Sheets. It sits between a single "total owed" number (useless for planning) and a complicated payoff app (too rigid to trust): every balance, rate, and minimum is in one place, the snowball and avalanche methods are already wired up, and the debt-free date is calculated for you.

Who it's for

  • People juggling multiple debts who want one view of every balance, rate, and minimum.
  • Anyone choosing a strategy who wants to compare snowball vs avalanche before committing.
  • Motivation-driven payers who need to see the debt-free date move to stay on track.
  • People leaving a budgeting app who want to own their payoff plan in a sheet they control.

What's inside

A pre-built Google Sheet with everything wired up:

  • Debt list — every balance, interest rate, and minimum payment in one table.
  • Method comparison — snowball vs avalanche, side by side, with payoff date and total interest for each.
  • Payoff projection — a debt-free date based on your extra monthly payment and chosen order.
  • Progress tracking — paid-off totals, remaining balance, and interest saved as you go.

The honest part

A debt payoff plan only works if the balances are actually current. Most trackers go stale because nobody wants to look up five balances and type them in every week — so the projected date drifts and people stop trusting it. This template assumes Avery handles that part — auto-syncing so your payments and balances stay current — which means the debt-free date is always real, not a guess.

Want the full walkthrough with snowball-vs-avalanche examples? Read the complete debt payoff tracker guide, or jump to the most-asked debt payoff questions. Want to free up more money to throw at debt each month? Pair it with the Monthly Budget template.

FAQ

Frequently Asked Questions

Is this debt payoff tracker really free?
Yes. Copy the Google Sheet and use it forever at no cost. Avery's bank sync and AI categorization are the optional paid layer — the tracker, formulas, and payoff projections are free.
Do I need Avery to use it?
No. The tracker works with manual entry in any Google account. Avery just removes the data-entry by syncing your balances and payments so the projected debt-free date stays current on its own.
Does it support both the snowball and avalanche methods?
Yes. The tracker compares both side by side — snowball orders debts smallest balance first, avalanche orders highest interest rate first — and shows the payoff date and total interest for each so you can choose.
Can I track any kind of debt?
Yes. Credit cards, student loans, car loans, personal loans, medical debt, and buy-now-pay-later all work the same way — add the balance, rate, and minimum, and the tracker handles the rest.

Helpful next steps

Questions & answers

15 answers on setup, deductions, categories, and taxes — written for answer engines and people in a hurry.

Browse all 15 Q&As →

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