Debt Thermometer Tracker. Free Planner Printables

Managing debt can feel tough, but a free printable debt thermometer is a great tool to help you on your journey. This visual motivational aid makes it easy and fun to see your progress as you pay off debt. It’s a great way to stay focused, set clear goals, and celebrate your milestones along the way. Download this free printable thermometer today and start making positive steps towards a debt free life!

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WHY DO YOU NEED THIS FREE PRINTABLE DEBT THERMOMETER

Managing debt can be tough, but a debt payment tracker can make it a lot easier. It helps you see your progress, set realistic goals, and stay focused. Plus, it encourages good financial habits and gives you small wins to celebrate along the way, making your journey to becoming debt-free more manageable and rewarding.

Here’s why you should get one:

1. Visual Motivation: Seeing your progress on a chart is super motivating. As you pay off your debt, you can color in sections of the thermometer, making it clear how far you’ve come.
2. Set Goals: A debt thermometer helps you set clear, realistic goals. By breaking your debt into smaller parts, you can track each payment and see how it brings you closer to being debt-free.
3. Stay Focused: It’s easy to get distracted by everyday expenses. Having a debt thermometer in a visible place, like on your fridge or in your planner, keeps your goal in sight.
4. Encourage Good Habits: Tracking your debt reduction encourages better financial habits like budgeting, saving, and smart spending.
5. Celebrate Milestones: Every time you fill in a part of the thermometer, it’s a reason to celebrate. These small wins keep you motivated to continue paying off your debt.

A free printable debt thermometer template is a simple and effective way to manage your debt, stay motivated, and achieve financial freedom. Download yours today and start your journey to being debt-free!

Check out our other debt payoff tracker printables.

HOW TO USE FREE DEBT TRACKER

Choose The Right Debt Payoff Method

The first step is to understand which method is better to follow in your specific situation. There are two popular debt payoff strategies to pay off debts, each with its pros and cons:

1. Debt avalanche method: Prioritizing the highest interest rate debt and paying off this debt first.
2. Debt snowball method: Prioritizing the debt with the lowest balance and focusing on paying off this debt first. Then repeat with the next smallest debt.

The debt avalanche debt payoff approach is mathematically superior, as you will pay less interest overall. However, the debt snowball approach is more psychologically appealing, as you can see a quick win in paying off your debts.

Watch the video explaining the difference between these two debt payoff methods.
To make the weighted decision on which method is better for you, use these powerful tools: Debt Snowball Calculator and Debt Avalanche Calculator.

Step-by-Step Guide for Using a Debt Thermometer Tracker

Using a free debt thermometer tracker is a great way to stay on top of your debt repayment journey. Here’s a simple step-by-step guide to help you get started:

1. Name Your Debt: At the top of the page, write down the specific debt you are tracking (e.g., “Student Loan Debt”, “Credit Card Debt”, or “Car Loan”). This helps you stay focused on a particular debt.
2. Fill in Your Total Debt: At the top of the thermometer, write down your total debt amount. This is the debt payoff goal you’re working towards.
3. Break Down Your Debt: Divide your total debt into smaller, manageable sections. For example, if your total debt is $10,000, you might divide it into increments of $1,000. Label these incremental amounts on the side of the thermometer.
4. Track Your Payments: Each time you make a payment towards your debt, color in the corresponding section of the thermometer. This visual representation makes it easy to keep track of the progress and stay motivated.
5. Celebrate Milestones: Set mini-goals along the way. Every time you fill in a section, take a moment to celebrate your progress. This could be a small treat or just acknowledging the hard work you’ve put in.
6. Review Regularly: Keep your debt thermometer in a visible place, like on your fridge or in your planner. Regularly review your progress to stay motivated and on track.

By using a free debt thermometer tracker, you can visually see your debt progress, stay motivated, and make your debt repayment journey more manageable and rewarding.

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WHERE TO USE THIS FREE DEBT PAYOFF THERMOMETER TRACKER

No matter how you like to organize your life—whether it’s with The Happy Planner, a finance binder, a bullet journal, a digital planner, or a simple 1-inch binder—this free debt payoff planner is perfect for any planning system. Add it to your planner and easily track your progress as you pay off your debts. Whether you prefer paper or digital, this tracker will help you stay on top of your journey to becoming debt-free!

Add this debt planner pages to your favorite planner:

• Erin Condren Live Planner
• The Happy Planner (MAMBI planner)
• Carpe Diem Planner
• Bullet Journal
• Passion Planner
• Goodnotes App
• Any other paper planner
• Any other digital planner
• Any planner binder

All printable template pages are rectangle. That’s why it’s really easy to cut them out without any special tool, like Gyro-Cut or electronic cutting machine (Silhouette machine or Cricut). All you have to do is to print and cut even with your scissor, paper knife or paper trimmer. As simple as that!

Follow the Print and Cut instructions for the best result.

Need more tutorials?

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HOW TO DOWNLOAD PRINTABLE TEMPLATE

This printable planner template is totally free! You don’t have to join any community, secret club or give any other commitments to download them.

Follow these simple steps to get the files:

• Click the download button DOWNLOAD FREE DEBT THERMOMETER below
• Add the free item to your cart
• Complete your order
• Check your inbox and download the file

For your convenience all the files will be sent to your email. Please, double check the email you are entering during checkout.

There are no download limits or expiry dates. You will have lifetime access to the file. But, please, be sure you follow the TERMS OF USE.

WHAT IS INSIDE YOUR DIGITAL DOWNLOAD

Once your order is placed, you will receive an email with the attached ZIP file. You will need software to open this file.

ZIP file contains:

• 1 PDF file for US Letter size paper
• 1 PDF file for A4 size paper

TERMS OF USE

This free printable planner template is for personal use only. You can print as many copies as you need for your personal use.
✔ Print as many copies as you need for your personal use
✔ Perfect to use for your planner, journal or notebook
✘ NO reselling digital or printed copies
✘ NO sharing or distributing for free

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