Terms of Use
Mapping Your Debt: Individual and Joint Obligations
The first step in gaining financial freedom is a clear, honest assessment of everything you owe. Whether you manage finances separately or as a couple, listing every liability ensures there are no "financial surprises."
How to use this worksheet: Gather your most recent statements. If you are in a partnership, have each person fill out their own list, then identify which debts are "Ours" (jointly held) to determine your total household liability.
| Debt Description |
Monthly Payment |
Total Balance Due |
| Priority/Secured Debt |
| Mortgage or Monthly Rent |
|
|
| Auto Loan 1 |
|
|
| Auto Loan 2 |
|
|
| Education & Personal Loans |
| Student Loan(s) |
|
|
| Personal/Consolidation Loan |
|
|
| Credit Cards & Lines of Credit |
| Visa / Mastercard |
|
|
| American Express / Discover |
|
|
| Department Store Card |
|
|
| Gas / Retail Card |
|
|
| Other Obligations |
| Medical Bills |
|
|
| Back Taxes (IRS/State) |
|
|
| TOTALS |
$ |
$ |
Compare and Coordinate
Once the worksheet is complete, discuss the results. If you are managing debt as a couple, decide on a repayment strategy—such as the Debt Avalanche (paying the highest interest rate first) or the Debt Snowball (paying the smallest balance first) to build momentum.
Did this answer your question?
All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.