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If you have a lot of debt — or any debt at all — it can be hard to stay motivated to keep cutting costs 5 Genius Money-Saving Tricks You Probably Didn't Know 5 Genius Money-Saving Tricks You Probably Didn't Know Sometimes it seems that no matter how much money we earn, we never have enough. How does this happen? And how do you fix it? Read More , putting savings away, and making payments. What can you do to make it mentally easier and keep your momentum? One way is to visualize your debt and actually look at the progress you’ve made.

Here are some ideas for turning your invisible, imperceptible debt into something concrete.

Note: Some of these tools will show you how much debt you have left, some will show you your progress, and others will show you how much you can save. Use the option that’s most motivating for you, or find a way to combine a few of them into a custom debt-payoff motivator!

Debt Manager (iOS, $0.99)

This app is all about getting your debt paid off, and it provides you with the tools you need to set up a solid payment plan, including a great visualizer.

debt-manager-cost

Once you get your debts loaded into the app (it doesn’t pull them from banks automatically like some other apps do), you can view the balance of your loans over time, compare the snowball method with a standard payoff plan, and look at the amount of interest that you’ll pay over the life of your loans.

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(If you don’t know about the snowball method, check out “How to Get Rich: The Fastest Way Out of Debt How to Get Rich: The Fastest Way to Get Out of Debt How to Get Rich: The Fastest Way to Get Out of Debt Imagine being debt free. No overdrawn balances or unpaid bills. There is a foolproof way of getting yourself out of debt. It starts with a plan and some discipline. Let's visit the other ingredients. Read More .” Even if you do know what it is, read it anyway. It’s a really great article.)

debt-manager-interest

It requires some work to get it set up, especially if you have a lot of different accounts, but it’s one of the best ways to actually see your debt.

ReadyForZero (Free)

We’ve mentioned ReadyForZero before Get Ready For Zero Debt With ReadyForZero Get Ready For Zero Debt With ReadyForZero What do you do if you find yourself chest deep in debt? Wouldn't it be nice to have a tool that does the debt management for you? There is such a tool called ReadyForZero. Read More , as it’s a great way to look at the progress you’ve made on your debts as well as see how the snowball method can help you move toward being debt-free. The mobile app isn’t great for visualizing your debt, but the desktop and Web apps show you a handy chart of where you are in the payoff process.

rfz-progress

The progress graph is useful for seeing when each of your debts will be paid off. ReadyForZero also automatically tracks your balances and payments, so you always have an up-to-date view of your debt.

Debt Graph (Free)

A lot of the debt-graphing solutions out there are focused on the snowball method, and this one is no exception. It’s a simple online tool where you enter each of your debts, including the amount, monthly payment, and APR.

debt-payoff

The tool then spits out a graph that shows you how much time and money you can save by using the snowball method (the avalanche method is also available on the site). It’s simple, easy, and if you print it out, will make a great motivator!

Excel Graph

This is probably the simplest and most obvious method: keep a financial spreadsheet 10 Helpful Spreadsheet Templates To Help Manage Your Finances 10 Helpful Spreadsheet Templates To Help Manage Your Finances Wouldn't it be great if you knew where your money was, at all times? Read More going, and use Excel to make a graph out of your remaining debt.

In the image below, I created a spreadsheet specifically for this purpose, but there are plenty of Excel budget templates 7 Useful Excel Sheets to Instantly Improve Your Family's Budget 7 Useful Excel Sheets to Instantly Improve Your Family's Budget It's not always easy to set up a family budget, but these seven templates will give you the structure you need to get started. Read More you can use that could include debt.

excel-debt-graph

I found that this graph was best when I adjusted the scale on the vertical axis (it starts at $150,000 and goes up to $250,000, and I used around $200,000 of debt in the data). Having the scale too large makes it really hard to see your progress, which defeats the purpose of this whole exercise!

You can also use Excel to create a debt thermometer chart, which you can update regularly or print out and fill in with a marker. I’ve made a very simple one here:

excel-debt-thermometer

Just make sure that you calculate a percentage of debt paid off and use that for your bar, and adjust the vertical scale so it goes from 0 to 100. Delete the horizontal lines, add a circle to the bottom of your graph, and you have your own personal debt thermometer!

(We have a more detailed tutorial on how to create a thermometer chart How to Create Your Custom Excel Fundraising Thermometer Template How to Create Your Custom Excel Fundraising Thermometer Template Use an Excel thermometer chart to visually keep track of your financial goals. Whether you're saving for a new gadget or fundraising for a good cause, here's a step by step tutorial. Read More  as well.)

Mine isn’t the prettiest, but it should give you an idea of where to start, and you can check out the video above to see how someone else made a thermometer graph with Excel. If you have any tips on making a better one, share them in the comments below.

Mint (Free)

We’ve talked a lot about Mint before, but we usually focus on budgeting and expense tracking. It also has a built-in tool to visualize your debt. In the Trends tab, just hit Debt in the left sidebar and make sure Over Time is selected. You’ll see a simple bar graph of your debts, and you can use the drop-down menu at the top to adjust the timescale.

mint-debts-over-time

While this graph isn’t particularly exciting or revealing, it’s easy to access and will show you the progress you’ve made. And the best part is that you won’t have to do anything at all if you’re already using Mint; your accounts have already been added!

Other Creative Ideas

The above ideas are some of the easiest ways to get a visual representation of your debt, but a number of people have used some other fun methods to make the payoff process feel more manageable.

For example, Amy Jones at MapYourProgress.com used a large coloring page to track her debt — the page included a number of swirls, and each swirl represented $100. Every time Jones paid $100 toward her $26,000 in debt, she’d color in one swirl.

debt-swirl-vortex

If you like this idea, you can download some coloring pages from www.coloring-pages-adults.com or order some prints of the swirls above from MapYourProgress so you can use the same strategy as Jones. (If you want more options for coloring pages, check out our list of the best places for adult coloring pages Coloring for Adults: The Best Websites for Free Printables Coloring for Adults: The Best Websites for Free Printables The Internet is lauding coloring as the latest way to de-stress after a hectic day. Head to these free printable websites if the idea just lit a fire. Read More .)

Other people have come up with similarly creative ideas, like creating a paper chain and removing a loop each time they pay off a certain amount, making a thermometer graph on a chalkboard, working through a rubber band ball, and keeping track of debt amounts on a wall in the house.

You could get even more creative and find a way to rig up this Arduino liquid life bar to track your debt progress:

The possibilities are only limited by your imagination!

How Do You Visualize Your Debt?

The visualization methods listed above are just a small subset of what’s possible, and everyone will have their own preferences — we’re not all motivated by the same thing. So spend some time thinking about what motivates you 7 Quick Things You Can Do To be More Motivated 7 Quick Things You Can Do To be More Motivated Read More , pick a strategy, and go with it!

How do you visualize your debt? What else do you do to stay motivated when you’re paying down credit cards, mortgages, or student loans? Share your best tips below!

  1. Phil Danley
    May 20, 2016 at 4:12 pm

    We went old school...a spreadsheet in Pages. We saw the balances decreasing each month, especially the one debt that we were focused on. When we hit a $0 balance that number got blown up into large green font.

  2. PhilDanley
    May 20, 2016 at 4:08 pm

    In our old school (1990s) days we visualized on a white board. Took the balances from our statements each month and updated the debts. That was when Windows 3.1 was high tech!

    In 2010-2012 we just used a spreadsheet in Numbers. Same concept as the white board but on an iPad instead. Once a debt hit $0 it was marked in large, bold, green font. But for me, seeing the credit card statements come in with $0 current balance was more exciting!

  3. Howard A Pearce @HAPLibertarian
    March 28, 2016 at 11:40 pm

    The best way to treat your credit card as real money is to pay off your entire balance every month. If you don't, the minimums will quickly lead you into larger balances fairly easily.

    • Dann Albright
      March 29, 2016 at 6:29 pm

      That's good advice, but not a whole lot of help with visualization. And it's not just credit card debt that benefits from visualization; student debt, mortgages, car loans . . . all of that contributes to debt, and it can be overwhelming to think about it all at the same time, especially if it's very abstract.

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