DEBT REDUCTION PLANNER
- Find out how long it will take to become debt free and how much you'll pay in interest by making the minimum monthly payments.
- You can also crunch the numbers using any fixed payment of your choice.
1. Use a home equity loan to pay off credit-card debt
2. Borrow from your 401(k)
3. Stretch to buy a house
FREE BUDGET WORKSHEETSThese free budgeting worksheets are in high quality PDF format so that you can easily print them. Because these budget worksheets are high quality the file sizes are large, so it may take a few minutes to download. Please be patient.
You will need the free Adobe Acrobat Reader to view these files.If you do not have Adobe you can get it below.
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Download Worksheets:
Before you can start to eliminate your debt, you need to first understand what your debt load is. This worksheet will help you create a list of your debt obligations.
The debt roll-down principle helps you quickly payoff your debts. This is done by applying a small debt accelerator payment to the first debt you can pay off. Once that debt is paid off you take the amount you had been paying on the first debt and roll it down to accelerate the debt payoff of the second debt. You continue to do this until all you debt is re-paid.