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debt payoff tracker printable

Free Debt Payoff Tracker Printable

In this article you can download an awesome, free debt payoff tracker printable. I will also share ways that you can make easy spending cuts in order to have more money available in your budget to pay off your debt! 

**Important note: Be sure to download your free debt payoff tracker printable at the end of this article!**

And also make sure to check out the special offer on the Debt Freedom Binder below! It is the best tool out there to help you get control of your money and pay off your debt fast so that you can have financial peace and reach your financial goals!


Tip: Pin the image above so that you will be able to refer to this article about the debt payoff tracker printable easily later!


How to Use the Free Debt Payoff Tracker

The Debt Payoff Tracker is fun and easy to use! All you have to do is write down your debt payoff goal and your debt payoff milestones along the way, and you are all set!.

One thing you can do to help you stay motivated to keep on paying off debt and to reach your debt payoff goals is to celebrate when you reach certain milestones. So, for example, you might go out for ice cream as a family when you reach certain milestones. Or if they are bigger milestones or you have more room in your budget, you might go out to dinner or a movie. Or you might buy yourself a video game or book or purse or  favorite treat from the grocery store.

Knowing that you are going to get a reward is a great way to help keep yourself motivated to pay off and reach your financial goals! Sign up to receive the free Debt Payoff Tracker printable below!

Simple Ways to Save Money to Pay Off Debt

In this section I am going to list some of the ways that you can find the biggest savings in order to reach your goal to pay off debt. And then you can use the Debt Payoff Tracker (you will love this free debt payoff printable!) to track all of the money you are able to put toward your goal from slashing these various budget categories!


Save money on entertainment.

There are many, many ways that you can save money on your monthly or yearly entertainment and related costs. This is the first place that I recommend that people look to if they want to save more money or need to reduce their expenses. Here are some of the biggest areas to cut costs:

  • Ditch your dish (satellite) or cable service. Find cheap or free alternatives instead.
  • Save money on your cell phones or smartphones.
  • Save money on your internet service.
  • Go to the movies less.
  • Buy fewer books and movies (go to the library instead :)).
  • Go to fewer and less expensive music concerts.
  • Go to fewer and less expensive sports games.
  • Spend less on personal hobbies. (Where could you make cuts? Any expensive hobbies you might give up, at least temporarily?)
  • Spend less on video and computer games.
  • Spend less on electronic devices.
  • Spend less money on toys for your sweet kiddos. (They probably have too many already; am I right? Or maybe I am just projecting my own family situation here. :)) Buy fewer toys, and buy them at thrift stores, garage sales, and the like. Consider doing toy swaps with family members and friends or members of your church.
  • Cancel your subscriptions to magazines and paid TV services (Netflix, Sling, and so on—again, videos from the library are free!).
  • Consider canceling your memberships to the gym, rec center, museums, aquariums, zoos, and the like.
  • Spend less money on recreational activities like skiing, bowling, miniature golf, playing arcades, and so on.
  • Spend less on your pets. (I know they are like members of the family for many people; but I don’t spoil our kids, and you can bet that I don’t spoil our pets, either!) See if you can trim spending on pet food, grooming, toys, accessories, and other pet expenses. 
  • Spend less on Christmas shopping.
  • Spend less on gift giving (see if you can make a gift, or give a heartfelt card or baked item instead).
  • Spend less on family vacations.
  • Reduce the amount allocated to your personal monthly spending money (your fun money or blow money).


Save money eating out.

The average family in America spends about $3,000 a year eating out. That means there is a lot of money that can be saved here! I know it probably sounds crazy, but we spend less than $300 a year eating out. And I don’t feel deprived! Want to know why? The reason is that that frugality has helped us to be able to reach other financial goals that we have—and to do it on one average income.

The best thing you can do to save money eating out is to simply do less of it. 🙂

But there are lots of other ways that you can save money eating out, as well! For example, you can share an entree. You can eat an appetizer for your meal.

You can buy ice cream on the way home instead of having dessert at the restaurant (you can buy a whole gallon of ice cream for the cost of an average dessert!) You can use coupons (check out Groupon, Living Social, and similar sites). And be sure to use the gift cards you receive to restuarants, as well!

Read this article to learn many more ways to save money eating out.


Save money on groceries.

There are so many—so many!—things that you can do to reduce your grocery spending. I discuss more than 70 ways that you can save money on groceries in this article.

But here are some of the things you can do to save the most money:


Check out these related articles:
31 Budget-Friendly Easy and Cheap Dinner Recipes for under $5
42 Cheap and Easy Budget-Friendly Meals for under $5
19 Ways to Save Big When Eating Out!
75 Easy Ways to Save Money on Groceries without Coupons!
65 Must-Know Tips to Slash Your Grocery Bill in Half!
151 Easy Ways to Save Money: Your Ultimate Guide to Saving Money!

Save money on transportation.

Another way you can reduce expenses in order to have more money toward reaching your financial goals is with your spending on transportation. The average car payment in America is close to $500 a month! Is is any wonder that nearly 80 percent of Americans are living paycheck to paycheck? Our savings accounts and emergency funds and retirement funds are sitting in our garages!

So here is what you can do to turn things around and save money on transportation costs:

Find more than 30 tips for how to save money on transportation costs here.


Save money on housing.

For many families, housing is their single largest expense. But there are also many things that you can do to save money on housing. Here are some of my best tips for saving money on your housing:

  • Shop around to see if you can lower your homeowners insurance premiums.
  • Look into refinancing your home if interest rates have dropped. (But don’t lengthen the term of your loan! If anything, shorten it!)
  • If you are renting, find a cheaper place.
  • If you bought too much house, look at downsizing.
  • If you really want to save money on housing, consider renting out a spare bedroom (or bedrooms) either long term or on sites like Airbnb and
  • Save money on alarm monitoring with inexpensive services like SimpliSafe. (I love SimpliSafe!)

Check out this article for more than 30 ways to save money on housing.


Save money on utilities.

You can pretty drastically reduce your utility bill if you want to. Years ago I heard about a professor of economics who just couldn’t bear to see the money spent on utility costs go down the drain because he knew what that money could grow to if it were invested, and so he kept his AC up and his furnace down, and his family wore sweaters and bundled up during the winter and found ways to stay cool during the summer.

We haven’t gotten that extreme in my family (not yet, anyway; ha! :)), but it’s a little tempting! Because I hate spending money on things that have no lasting value, too! Sigh. In any case, here are some free and easy ways that you can save money on your utility bill:

  • Turn down (to 62 degrees or lower, if you can) and turn up your AC (to 78 degrees or higher, if you can).
  • Wash all of your clothes in cold water. Washing machines are so powerful these days they will still get your clothes clean even with cold water.
  • Hang your clothes out to dry.
  • Use your dishwasher less. Wait till it is full to run it, and consider using your dish drain and washing the dishes by hand.
  • Turn off lights, TVs, computers, radios, nightlights, and so on when they are not in use.
  • Unplug appliances and electronics when they are not in use.
  • Open your curtains during the day to let in the sun to warm up your house during the winter or keep them closed to keep out the sun to help keep it from heating up too much during the summer.

Also, read this article for more ideas on how to save money on utilities during the summer and this article for more ideas on how to save money on utilities during the winter.


Save money on clothing and shoes.

Some people just love to buy designer clothes and shoes. And they look really nice! But so does a paid-for beach house in retirement. 🙂 So we buy most of our clothes, for us and the kids, either on sale or from thrift stores or the classifieds. For now our kiddos are young, so they don’t know the difference (and I hope that even when they are older, they won’t care—and I hope they never do :)).

My sisters and I also swap clothes back and forth for our kiddos that are the same ages, which is awesome! I love to see the clothes that my kiddos wore on my nieces and nephews; it brings back such fun memories! If you have family or friends with kiddos the same age as yours, see if you can set up a kids clothing co-op!

Read this article to learn easy ways to save money on clothes.



As you use your free debt payoff tracker printable to track your progress toward getting out of debt, you will be able to move yourself and your family steadily toward financial freedom. Best wishes as you use this debt payoff printable to work toward reaching that ultimate financial goal!

And if you love the idea of the debt payoff tracker printable and how it can motivate you to get out of debt faster and stay motivated to become debt free, then be sure to check out the Debt Freedom Binder below! The Debt Freedom Binder is the best tool out there to help you get out of debt fast so that you can find financial peace and start to save your money and reach your other financial goals and dreams!


What debts will you work to pay off with the debt payoff tracker printable? What are your financial goals after you get out of debt? I would love to hear what your financial goals are! Leave a comment below and let me know!

Pay Off Your Debt Faster with the Debt Freedom Binder!


Debt Freedom Binder

Are you tired of feeling:

  • Crushed by a mountain of debt you don’t know how to get out from under?
  • Like you’ll never be able to pay off all the money you owe?
  • That you are building the bank’s wealth and never your own?
  • The pain of having late bills or not being able to pay all of your bills?
  • Stressed out about money?
  • Like your spending is out of control?
  • Trapped in a cycle of living paycheck to paycheck?
  • The embarrassment of being financially strapped?
  • Unable to save money for the future and work toward important financial goals?
  • Like you can never get ahead financially?
    If you answered YES to any of these questions, then the Debt Freedom Binder was made for you! Learn more about the Debt Freedom Binder here!

Invitation to Share

Was there something in this article that inspired you to change something about your money? Are there ideas or tips that you feel could help others? Would you please take a minute to share this article via email or social media? I would love your help to share these principles of financial well-being. Thank you!

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