BDO Debt Repayment Plan September 17, 2008
Posted by BDO in Organizational.Tags: accountability, BDO, beat, beating, calculator, day, Debt, education, independence, keeping, pace, plan, repayment, Resources
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BeatingDebt.org created a simple file that calculates when you can expect to be out of debt. This file will take your debt amounts, interest rates, and any celebration payments after each debt is repaid and determine when you will earn your freedom away from debt.
When using this tool, it does not matter if you decide to list the debts highest to lowest by owed amounts or by interest rates. Try it each way and see which one will get your debts paid off faster.
BeatingDebt.org encourages users to employ the rollover method of debt repayment. This calculator will assume that you will be dedicated and roll each payment over to the next debt, enabling you to pay off the debts faster.
This calculator was created for our Keeping Pace group, but you can purchase a copy by going to our resource page. Use it today, take a picture of your expected payoff day, and post the picture in our “Independence Day” project.
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A Kid's Guide to Managing Money (Ready-Set-Grow Series)
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