Paying Off Debt

Paying Off Debt

Use the slides above while watching the video below.

The Money Management Bible Checklist

Paying Off Debt

􀀀 Look at all of your loans and calculate how much interest you paid: This year & Over the whole period of the loan

􀀀 Calculate your debt payoff timetable

􀀀 Determine the maximum amount of money you can contribute to your loans (debt payoff budget)

􀀀 Write down your debt payoff budget (follow the priority list in “What Debt Should I Pay Off First” slide)

􀀀 Monthly

􀀀 Annually

􀀀 Update your zero-based budgets

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Budgeting: Lesson 4

Financial Apps For Budgeting