Take charge of your financial future with the Debt Reduction Tracker Excel Template from Besttemplates.com. This powerful tool simplifies debt management, providing a structured way to track payments, monitor balances, and reduce your debts systematically. Designed for anyone looking to take control of their finances, this user-friendly template ensures every payment is logged and every balance is calculated automatically.
Key Features
- Debt Reduction Tracker Sheet: Log debt details and view an overview of the total number of debts, total debt amount, amount paid, and remaining balance. Track individual debts by selecting a Debt ID, which automatically displays the debt name, total debt, and payment history.
- Debt Management Sheet: Debt details added in the tracker are automatically transferred to this sheet. Key metrics like Debt ID, interest added, total payments, remaining balance, and the last paid date are calculated and displayed automatically.
- Payment Log Sheet: Select a Debt ID from the dropdown to display the debt name. Log payment date and amount, then click “Pay” to add the data to the table. Payments update the tracker and management sheets seamlessly.
The Debt Reduction Tracker Excel Template from Besttemplates.com is your ultimate partner for debt management, providing an organized and efficient way to track payments and reduce debt over time. Take control of your finances and achieve your goals with confidence.
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