Debt Reduction Plan

Debt Reduction Plan
Item Amount Owed Yearly Interest Rate Minimum Monthly Payment* Additional Payment Payment Plan and Pay-off Dates
150 3 months 7 months 17 months 26 months 38 months
Credit Card 1 372 18.0% 7 157 Paid!
Credit Card 2 550 0.0% 11 11 168 Paid!
Credit Card 3 1,980 19.0% 40 40 40 208 Paid!
Credit Card 4 2,369 16.9% 47 47 47 47 255 Paid!
Credit Card 5 7,200 6.9% 144 144 144 144 144 399 Paid!
Total 12,471 249 399 399 399 399 399 0 0 0
DIRECTIONS: * Calculated based on 2% NOTE:
Enter values into yellow boxes. of amount owed. Type in Because payments do not evenly pay off balance, there is a portion of the
Once all values are entered, real value if it is different standard payment leftover from the last payment.  This partial payment can
pay-off dates will be correct. than what is shown. either be rolled into the next debt’s payment or used to celebrate a paid-off debt!
FYI:
Total Owed 12,471
Total Paid 15,178