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Reducing Your Debt (Instructions and examples to complete your analysis)

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REDUCING  YOUR  DEBT

Instructions & Example to complete your debt analysis blank form

Record your Debt

1. Prioritize debts from highest to lowest -- payoff highest debt first

2. Add all debts owed and enter total

3. Add all interest and enter total

4. Enter all payments from your most recent statements

5. This would be your current monthly payment for all debts owed                                                Example:

6. This example is on the assumption that after collecting all my bills for analysis, what I owe is  this:

NOTES:           

YOU WILL NEED A MORTGAGE CALCULATOR TO COMPLETE YOUR INTEREST RATES WITH THIS EXAMPLE                            

OR

REFER TO THE TABLE OF CONTENTS FOR AN ONLINE MORTGAGE CALCULATOR THAT WILL COMPLETE YOUR INTEREST RATES AND AMORTIZATION Schedule.

Click here to see an Example.        Back to Top

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