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D E B T P A Y O F F
W O R K B O O K MARG IN MAK ING
MOM
DETERMINE YOUR WHY
What are the negative effects of debt on your life?
Why do you want to pay off debt? How will your life look different when you've
reached your goal?
Copyright Margin Making Mom
FIND SUPPORT & INSPIRATION
Do you know anyone who is debt free or who is farther along on the debt free journey than you? Who could you talk to for encouragement?
Jot down a few ideas here.
If you don't personally know anyone who fits the above criteria, stop right now and go find an online support community for getting out of debt. There are countless Facebook groups for this! Write down
your group(s) here.
Copyright Margin Making Mom
GET ORGANIZED YOUR CHECKLIST
CREATE A BUDGET To pay off debt as quickly as possible, you need to be creating a monthly budget. This helps you determine how much you can realistically apply toward debt each month. To learn how to budget and get a FREE monthly budget printable, click here.
HAVE AN EMERGENCY FUND IN PLACE Save up at least $1000 in an emergency fund. This will help prevent you from using debt to handle small emergencies that may arise while you're working on paying off debt!
ORGANIZE YOUR BILLS Follow the steps here to organize all ofyour bills. It's important to know exactly what yourmonthly obligations are!
Copyright Margin Making Mom
GET ORGANIZED YOUR CHECKLIST
LIST ALL DEBTS On the Debt Payoff List, write down all of your debts. List them from smallest to largest. Print additional copies if you need more space for your list.
CREATE PAYOFF TRACKING SHEETS Once you have all debts listed on the Debt Payoff List, create a Payoff Tracker Sheet for each individual debt. This will help you keep track of payments, balances, and PROGRESS! Print additional copies if necessary so that you have one for each debt.
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DEBT PAYOFF LIST List All Debts from Smallest
To Largest
Company Balance Min. Pmt.
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PAYOFF TRACKER
Company Account # Website
Login Info Minimum Payment Due Date
Interest Rate Credit Limit Starting Balance
Balance Amt Paid Date Notes
Complete One Tracker Sheet For Each Debt
Copyright Margin Making Mom
PAYOFF TRACKER
Company Account # Website
Login Info Minimum Payment Due Date
Interest Rate Credit Limit Starting Balance
Balance Amt Paid Date Notes
Complete One Tracker Sheet For Each Debt
Copyright Margin Making Mom
PAYOFF TRACKER
Company Account # Website
Login Info Minimum Payment Due Date
Interest Rate Credit Limit Starting Balance
Balance Amt Paid Date Notes
Complete One Tracker Sheet For Each Debt
Copyright Margin Making Mom
PAYOFF TRACKER
Company Account # Website
Login Info Minimum Payment Due Date
Interest Rate Credit Limit Starting Balance
Balance Amt Paid Date Notes
Complete One Tracker Sheet For Each Debt
Copyright Margin Making Mom
PAYOFF TRACKER
Company Account # Website
Login Info Minimum Payment Due Date
Interest Rate Credit Limit Starting Balance
Balance Amt Paid Date Notes
Complete One Tracker Sheet For Each Debt
Copyright Margin Making Mom
SET GOALS
Copyright Margin Making Mom
Set BIG goals and break them down into smaller, manageable
goals and tasks.
BIG GOAL #1:
BREAK YOUR BIG GOAL INTO 3 SMALLER GOALS:
WHAT TASKS DO YOU NEED TO COMPLETE IN ORDER TO MEET THOSE
GOALS?
SET GOALS
Copyright Margin Making Mom
Set BIG goals and break them down into smaller, manageable
goals and tasks.
BIG GOAL #2:
BREAK YOUR BIG GOAL INTO 3 SMALLER GOALS:
WHAT TASKS DO YOU NEED TO COMPLETE IN ORDER TO MEET THOSE
GOALS?
SET GOALS
Copyright Margin Making Mom
Set BIG goals and break them down into smaller, manageable
goals and tasks.
BIG GOAL #3:
BREAK YOUR BIG GOAL INTO 3 SMALLER GOALS:
WHAT TASKS DO YOU NEED TO COMPLETE IN ORDER TO MEET THOSE
GOALS?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
MONTHLY REFLECTION
Copyright Margin Making Mom
What obstacles did you encounter this month? How did you overcome them?
What victories (no matter how small!) did you experience this month? What progress did you
make toward your goals? How did you celebrate this progress?
GOOD LUCK DON'T GIVE UP
you CAN do this!!
THE END 1964
Copyright Margin Making Mom
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