I found a good debt management tool to understand debt to income ratio that is like a spreadsheet; the ones credit services use to help people look at their debt. While yes, its a bit of a dinosaur technique, it’s truly the simplest way to start mapping your way out of debt!
Monthly Income & Debt
|
INCOME
|
AMOUNT
|
EXPENSES
|
AMOUNT
|
|
| Salary | $_______ | Church | $_______ | |
| Salary | $_______ | Other | $_______ | |
| Other | $_______ | Other | $_______ | |
| Other | $_______ |
SAVINGS
|
||
| Other | $_______ | Savings | $_______ | |
|
LOANS RECEIVABLE
|
$_______ | Retirement | $_______ | |
|
STOCK DIVEDENDS
|
$_______ |
HOUSING
|
||
|
INVESTMENT INCOME
|
$_______ | Rent/1st Mortgage | $_______ | |
|
INTEREST
|
2nd Mortgage | $_______ | ||
| Savings #1 | $_______ | Other | $_______ | |
| Savings #2 | $_______ |
INSURANCE
|
||
| Savings #3 | $_______ | Property & Casualty | $_______ | |
| Life | $_______ | |||
| Other | $_______ | Health | $_______ | |
| Other | $_______ | Long Term Care | $_______ | |
|
MOTOR VEHICLES
|
||||
| 1.__________________ | $_______ | |||
| 2.__________________ | $_______ | |||
| Auto Insurance | $_______ | |||
|
PENSION PLAN
|
$_______ |
HOUSHOLD
|
||
|
IRA or KEOGH PLAN
|
$_______ | Grocery | $_______ | |
|
GIFTS
|
$_______ | Household | $_______ | |
| Other | $_______ | Medicines/Sundries | $_______ | |
| Other | $_______ | Subscriptions | $_______ | |
| Child Care | $_______ | |||
|
UTILITIES
|
||||
| Electric/Gas | $_______ | |||
|
TOTAL INCOME
|
$_______ | Water/Sewer | $_______ | |
| Trash Removal | $_______ | |||
| Cable TV | $_______ | |||
| Other | $_______ | |||
|
CHARGE CARDS
|
||||
| #1 | $_______ | |||
| #2 | $_______ | |||
|
Spending Plan Summery
|
Other | $_______ | ||
|
TOTAL INCOME
|
$_______ | Other | $_______ | |
|
TOTAL EXPENSES
|
$_______ |
MISC.
|
||
|
CASH FLOW + -
|
$_______ | Clothing | $_______ | |
| Other | $_______ | |||
| Other | $_______ | |||
|
TOTAL EXPENSES
|
$_______ | |||
CreditCards/Blog Said:
on August 1, 2008 at 5:02 pm
It was very nice to Visit your Great Blog !
Thanks for the Opportunity to learn more About Debt ,Credit And CreditCards From You! 21 century the CreditCrads Era!!