Focused Debt Payoff (with Happy Planner Printable)

Focused Debt PayoffThe new year is a great time to make a goal to pay off debt faster.  If you are like me, you like to visually see the results of your efforts.  We came up with the idea of a Focused Debt Payoff sheet to accomplish this.  As a Happy Planner fanatic, the sheet, when cut on the guidelines, will fit the Classic size Happy Planner.  This is what I am currently using and I am loving it!   (This post may contain affiliate links.  This means that if you purchase a product through a link we have here in the post, we may be compensated at no cost to you.) 

The Big Picture

The big picture is the total list of your debts that you plan to pay off faster.  One of the most successful ways is to use the Debt Snowball method, which is the process of applying all the extra money you can find to one debt at a time.  Once that debt is paid off, then the payment from the first debt is added onto the second debt along with its normal payment (and any other extra money you can find pay on it).  Some choose the order of paying the debts by starting with the one with the highest interest rates or by the one with the lowest amount first.  Whichever order you choose to pay off the debts, sometimes looking at the big picture can be a little overwhelming.

Focus One Debt at a Time

Take the overwhelming big picture and break it out one at a time using the Focused Debt Payoff sheet (see below).

Focused Debt Payoff Sheet

Using fictional data we wanted to show you how we use it below.  Not only can you track your regular payment showing how much of the principal was paid, but also extra payments made directly to the principal.  What I like about this is I have a visual record of my accomplishments.  This keeps me motivated to make even more payments to see more progress!

Focused Debt Payoff 2

I keep my personal sheet in my Classic Happy Planner under the Financial section.  So each time I go by and make a payment or an extra payment, I record it immediately!

Free Printable!

Would you like your own Focused Debt Payoff sheet?  You are in luck!  You can go here and print it off.  We would love it if you would subscribe to our email list as well.  That way you can be updated on our posts regularly!  We would love to have you!

Also, use the guides to cut it out for the Classic Happy Planner and use the punch to make holes to put into your planner.

We would like to know if this helps you keep motivated to paying off your debt faster!

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