From here you can further customize the Debt Progress sheet to create a plan that meets your financial needs and dreams. Review the scenario comparisons to model different debt payoff options. 

Modify the Monthly Payment Goal

Overwrite the suggested monthly payment goal to see how it affects your Debt Progress Plan. You might find that it accelerates your debt freedom date and lowers your total cost of interest. 

If you're hoping to have your debts paid off by a certain date play around with this number until you've got a Monthly Payment Goal that reflects that date in the Debt Freedom Date summary box. 

Try a Different Payoff Method

Change the payoff method to see how it affects your Debt Freedom Date, total interest paid, and monthly payments for each debt. Read more about how each payoff method works here

Read what's next: Budgeting for Debt Freedom

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