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TemplatesSpending & habits · Loan payoff plan

Loan and installment payoff plan

When you gather everything you owe in one place, decide the order and watch it shrink month by month until it's all paid off

What's inside · Table 2 · Checklist 3

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Loan and installment payoff plan

Start date
Not set
Monthly payment budget
Not set
Target payoff date
Not set

Delete the example line in the debts list, then enter the remaining balance and monthly payment.

Debts to pay off

One line per item. Use a nickname instead of account numbers or lender names. Delete the example line before you use it.

Debts to pay off

ItemTypeRemaining balanceMonthly paymentInterest rate (%)StatusNotes
(Example) Laptop installmentsInstallmentsNot setNot setNot setNot setThis is an example line. Delete it and write your own.
(Example) Laptop installments
Type
Installments
Remaining balance
Not set
Monthly payment
Not set
Interest rate (%)
Not set
Status
Not set
Notes
This is an example line. Delete it and write your own.

This is sensitive financial information. Check who it's shared with before you write it down.

Payoff order

1.

Pay off the highest interest rate first.

2.

Clear small balances first to cut down the number of debts.

3.

When you have extra money, put it all toward one debt.

Monthly log

PeriodAmount paidNumberTotal remainingNumberCheckCheckbox
Month 1EmptyEmptyUnchecked
Month 2EmptyEmptyUnchecked
Month 3EmptyEmptyUnchecked
Row 1
Period
Month 1
Amount paid
Empty
Total remaining
Empty
Check
Unchecked
Row 2
Period
Month 2
Amount paid
Empty
Total remaining
Empty
Check
Unchecked
Row 3
Period
Month 3
Amount paid
Empty
Total remaining
Empty
Check
Unchecked
☐

Listed every debt.

☐

Decided the payoff order.

☐

Wrote the total remaining each month.