Description

Debt off and payment tracker excel tool

Suppose you are a businessman, an individual, or an entrepreneur planning to evaluate your Debt and payment. In that case, you need a solid and effective financial model to visualize your Debt and a payment tracker excel tool to achieve your goals and control Debt and payment standing in the future. 

You’ve come to the right place. Let Oak Business Consultant introduce you to your new favorite tool, Debt off and payment tracker excel tool. (The fastest way to get out of Debt): the debt snowball method and the debt Avalanche method. The debt snowball method is a strategy that we use for debt reduction, in which you start paying off your Debt from smallest to largest and gain momentum as you knock out each remaining balance. We first use the Debt Avalanche method to pay off debts with the highest interest rates and work down from there.

Our Debt Payoff and Payment Tracker Excel Tool is crafted as one of the most effective debt reduction spreadsheets available, specifically designed to help manage and reduce credit card debt and other financial obligations.Utilize our tracker to set a clear path towards becoming debt-free, with visual progress indicators and customizable payment strategies to accelerate your debt payoff.This tool features detailed tracking of minimum payments and balances due, ensuring you can strategically manage payments to minimize interest and reduce balances faster.

Key inputs

1: Input sheet for the Debt snowball

This financial model excel template tool is one of the tools which contains inputs. So, when we change data, it impacts the calculations, and therefore, the changes are applied to all relevant sheets. As a result, this financial model always has built-in flexibility to display different outcomes or final calculations based on this sheet’s changes.

 

2: Input sheet for Debt Avalanche

The input sheet for Debt Avalanche needs to insert your critical assumptions in highlighted cells, which will evaluate your data using the Debt Avalanche method. It includes credit cards, Student loans, medical, car, and adult debt and allows you to add more Debt according to your model.

 

Cash flow Statement

The Cash flow Statement plays a critical part in financial planning and forecasting, as it shows how much money goes in and out of business. You can analyze the following three essential company activities through our template.

1. Operating Activities: cashflows related to basic company operations
2. Investing Activities: cashflows related to any investment going in or out of the business
3. Financing Activities: cash flow related to the financing utilized by the company to maintain its operations.

Charts

Users and readers respond and process visual graphs better than data. Furthermore, this dashboard provides you with a graphical management tool. For example, they enable you to track all your relevant debts.

 

Benefits of Debt off and payment tracker excel tool

Uniform Methodology:

The primary benefit of a Debt off and payment tracker excel tool is that it promotes a uniform methodology. By which the user can compare changes in personal finance operations over time.

Achieving Best Returns:

Through meticulous financial planning, the user can maximize the control of their budget and opportunities to set their personal financial goals.

Mitigate Risk:

The Debt off and payment tracker excel tool can mitigate financial risk and increase your Debt off, and payment tracker excels tool.

Provide Financial Assistance:

No composing equations and formulas, no designing and programming, and no need to hire a costly external consultant required.

Well-Formatted & Presented:

All statements are accurately presented and connected with the input and formatted in a well-structured way. Also, it follows a particular color theme, which is consistent in all sheets.

Why you Should Buy this Debt off and payment tracker excel tool

1. Save Time — This allows you to spend less time preparing sheets and more time on your personal development and control.
2. Tested — This Debt tracker is custom-made and has been used by various individuals with positive feedback. Hence, it’s a proven solution for all your personal finance and operating reporting needs.
3. Visually Engaging — This Debt tracker provides a dynamic and interactive dashboard and data visualization tools that are handy and give a clear depiction of your financial health and performance.
4. Support Strategic Decisions — This Debt tracker also represents a critical tool that enables you to see the larger picture and make strategic decisions based on up-to-date financial insights. 
5. Bottom-Up Approach — This Debt tracker uses a sophisticated bottom-up approach to financial evaluation and planning, allowing users to determine a deep and comprehensive understanding.