Current Budget

Jan

Feb

Mar

4,800.00
350.00
0.00
5,150.00 $

### $
### $
0.00
5,150.00 $

4,800.00
350.00
0.00
5,150.00

Fixed Expenses
Rent & Mortage
2n Mortage
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Loan
Medical Bill
Tithing
TOTAL

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50 $

###
###
###
###
###
###
###
###
###
###
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

Variable Expense
Food
Lessons
Laundry
Dry Cleaning
Gifts
Life Insurance
Medical Insurance
Car Insurance
Internet
Cable Tv
Utilities
Home phone
Cell phone
Gas Credit Loan
Bowling
Newspaper
Miscellanous
Contributions
TOTAL

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00 $

###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

Total Expenses

5,412.50 $

5,412.50 $

5,412.50

-$262.50

-$262.50

Income
Take Home Pay
Spouse's Take Home Pay
Other Income
TOTAL

$
$

Monthly Expenses

Total Surplus/Deficit

-$262.50

Cumulative Surplus/Deficit

-262.50

-525.00

-787.50

Apr

May

Jun

Jul

Aug

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00
350.00
0.00
5,150.00

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

5,412.50 $

5,412.50 $

5,412.50 $

5,412.50 $

5,412.50

-$262.50

-$262.50

-$262.50

-$262.50

-$262.50

$
$

-1050.00

-1312.50

-1575.00

-1837.50

-2100.00

Sep

Oct

Nov

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $ 57,600.00
350.00 $
4,200.00
0.00
0.00
5,150.00 $ 61,800.00

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$ 13,788.00
$
6,993.84
$
1,896.00
$
416.04
$
3,292.44
$
3,370.20
$
2,400.00
$
1,112.64
$
780.84
$
7,380.00
$ 41,430.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

$
5,400.00
$
1,860.00
$
360.00
$
240.00
$
180.00
$
840.00
$
2,400.00
$
1,440.00
$
300.00
$
1,140.00
$
3,300.00
$
900.00
$
1,020.00
$
2,040.00
$
900.00
$
420.00
$
360.00
$
420.00
$ 23,520.00

5,412.50 $

5,412.50 $

5,412.50 $

5,412.50

-$262.50

-$262.50

-$262.50

-$262.50

$
$

Dec

Total Amount

-2362.50

-2625.00

-2887.50 $

(3,150.00) /year

Amount

Current Budget

Jan

Feb

Income
Take Home Pay
Spouse's Take Home Pay
Other Income
TOTAL

$
$
$

4,800.00 $ 4,800.00 $ 4,800.00

350.00 $
350.00 $
350.00
0.00
0.00
0.00
5,150.00 $ 5,150.00 $ 5,150.00

Fixed Expenses
Rent & Mortage
2n Mortage
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Loan
Medical Bill
Tithing
TOTAL

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$ 1,149.00 $ 1,149.00
$
582.82 $
582.82
$
158.00 $
158.00
$
34.67 $
34.67
$
274.37 $
274.37
$
280.85 $
280.85
$
200.00 $
200.00
$
92.72 $
92.72
$
65.07 $
65.07
$
615.00 $
615.00
$ 3,452.50 $ 3,452.50

Variable Expense
Food
Lessons
Laundry
Dry Cleaning
Gifts
Life Insurance
Medical Insurance
Car Insurance
Internet
Cable Tv
Utilities
Home phone
Cell phone
Gas
Bowling
Newspaper
Miscellanous
Contributions
TOTAL

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

450.00
155.00
30.00
20.00
15.00
70.00
200.00
120.00
25.00
95.00
275.00
75.00
85.00
170.00
75.00
35.00
30.00
35.00
1,960.00

Total Expenses

5,412.50

Monthly Expenses

Total Surplus/Deficit

$
$
$
$
$
$
$
$
$
$
$

$
$
$

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

$
$
$
$
$
$
$
$
$
$
$
$

$
$
$

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

$4,792.50 $ 4,792.50

-$262.50 $

357.50 $

357.50

Cumulative Surplus/Deficit

(262.50) $

357.50 $

715.00

With my revised Budget the Hope Fam

Revised Budget
Mar

Apr

May

$ 4,800.00 $
$
350.00 $
0.00
$ 5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00
350.00
0.00
5,150.00

$ 1,149.00 $
$
582.82 $
$
158.00 $
$
34.67 $
$
274.37 $
$
280.85 $
$
200.00 $
$
92.72 $
$
65.07 $
$
615.00 $
$ 3,452.50 $

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

$
$
$
$
$
$
$
$
$
$

$
$
$

400.00
0.00
10.00
###
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

$
$
$
$
$
$
$
$
$
$
$
$

$
$
$

$ 4,792.50 $
$

357.50 $

$
$
$
$
$
$
$
$
$
$
$

$
$
$

Jun

$
$
$
$
$
$
$
$
$
$
$

$
$
$

Jul

$
$
$
$
$
$
$
$
$
$
$

$
$
$

Aug

$
$
$
$
$
$
$
$
$
$
$

$
$
$

4,792.50 $

4,792.50 $

4,792.50 $

4,792.50 $

4,792.50

357.50 $

357.50 $

357.50 $

357.50 $

357.50

$ 1,072.50 $

1,430.00 $

1,787.50 $

d Budget the Hope Family will save $357.50

2,145.00 $

2,502.50 $

2,860.00

et
Sep

Oct

Nov

Dec

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $
350.00 $
0.00
5,150.00 $

4,800.00 $ 57,600.00
350.00 $ 4,200.00
0.00
0.00
5,150.00 $ 61,800.00

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$
$
$
$
$
$
$
$
$
$
$

1,149.00
582.82
158.00
34.67
274.37
280.85
200.00
92.72
65.07
615.00
3,452.50

$ 13,788.00
$ 6,993.84
$ 1,896.00
$
416.04
$ 3,292.44
$ 3,370.20
$ 2,400.00
$ 1,112.64
$
780.84
$ 7,380.00
$ 41,430.00

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

$
$
$

400.00
0.00
10.00
10.00
5.00
70.00
200.00
120.00
25.00
10.00
200.00
0.00
85.00
170.00
0.00
0.00
20.00
15.00
1,340.00

4,792.50 $

4,792.50 $

4,792.50 $

4,792.50

357.50 $

357.50 $

357.50 $

357.50

$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$

Total

$
$
$
$
$
$
$
$
$
$
$

$
$
$

4,800.00
0.00 At this moment, it's not nece
120.00
120.00
60.00
840.00
2,400.00
1,440.00
300.00
120.00
2,400.00
0.00
1,020.00
2,040.00
0.00 Spend on neccesstities instea
0.00 Read the daily news on intern
240.00
180.00
16,080.00

3,217.50 $

3,575.00 $

3,932.50 $

4,290.00

t this moment, it's not necessary!

pend on neccesstities instead of on Bowling!

ead the daily news on internet or on NEWS channel.

Debt Reduction Plan

Balance
1 $1,000.00
2
$877.83
3
$754.13
4
$628.89
5
$502.08
6
$373.69
7
$243.69
8
$112.06
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

Using an extra $100 pe

Credit Card #2
Payment Interest Principal Balance
$
$
$
$
$
$
$

134.67
134.67
134.67
134.67
134.67
134.67
134.67
$113.46

$ 12.50
$ 10.97
$
9.43
$
7.86
$
6.28
$
4.67
$
3.05
$
1.40

$122.17
$123.70
$125.24
$126.81
$128.39
$130.00
$131.62
$112.06

$1,876.97
$1,835.36
$1,793.23
$1,750.58
$1,707.39
$1,663.66
$1,619.39
$1,574.56
$1,507.97
$1,327.08
$1,143.93
$958.49
$770.73
$580.62
$388.14
$193.25

Medical Bill
Payment Interest

$
$
$
$
$
$
$

$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$86.28
199.74
199.74
199.74
199.74
199.74
199.74
199.74
$195.67

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

23.46
22.94
22.42
21.88
21.34
20.80
20.24
19.68
18.85
16.59
14.30
11.98
9.63
7.26
4.85
2.42

44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91

92
93
94
95
96
97
98
8.17

g an extra $100 per month

Bill
Principal Balance
$41.61
$42.13
$42.65
$43.19
$43.73
$44.27
$44.83
$66.59
$180.89
$183.15
$185.44
$187.76
$190.11
$192.48
$194.89
$193.25

$1,969.78
$1,896.76
$1,823.01
$1,748.52
$1,673.28
$1,597.29
$1,520.55
$1,443.03
$1,364.74
$1,285.67
$1,205.81
$1,125.14
$1,043.68
$961.39
$878.29
$794.35
$705.50
$420.09
$131.84

Gas Credit Card

Payment Interest Principal Balance
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$96.79
$292.46
$292.46
$133.15

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

19.70
18.97
18.23
17.49
16.73
15.97
15.21
14.43
13.65
12.86
12.06
11.25
10.44
9.61
8.78
7.94
7.05
4.20
1.32

$73.02
$73.75
$74.49
$75.23
$75.99
$76.75
$77.51
$78.29
$79.07
$79.86
$80.66
$81.47
$82.28
$83.11
$83.94
$88.85
$285.41
$288.26
$131.84

$5,200.00
$5,030.33
$4,859.68
$4,688.03
$4,515.37
$4,341.71
$4,167.04
$3,991.35
$3,814.63
$3,636.88
$3,458.10
$3,278.27
$3,097.39
$2,915.46
$2,732.47
$2,548.41
$2,363.27
$2,177.06
$1,989.76
$1,642.06
$1,159.18
$673.48
$184.95

Car Loan
Payment
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$359.31
$492.46
$492.46
$492.46
$186.03

Car Loan
Interest Principal Balance
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

30.33
29.34
28.35
27.35
26.34
25.33
24.31
23.28
22.25
21.22
20.17
19.12
18.07
17.01
15.94
14.87
13.79
12.70
11.61
9.58
6.76
3.93
1.08

$169.67
$170.66
$171.65
$172.65
$173.66
$174.67
$175.69
$176.72
$177.75
$178.78
$179.83
$180.88
$181.93
$182.99
$184.06
$185.13
$186.21
$187.30
$347.70
$482.88
$485.70
$488.53
$184.95

$6,000.00
$5,902.00
$5,803.02
$5,703.05
$5,602.08
$5,500.10
$5,397.10
$5,293.07
$5,188.00
$5,081.88
$4,974.70
$4,866.45
$4,757.11
$4,646.69
$4,535.15
$4,422.50
$4,308.73
$4,193.82
$4,077.75
$3,960.53
$3,842.14
$3,722.56
$3,601.78
$3,173.37
$2,554.64
$1,929.73
$1,298.56
$661.09
$17.24

Credit Card #1
Payment Interest Principal
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$464.43
$650.46
$650.46
$650.46
$650.46
$650.46
$17.41

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

60.00
59.02
58.03
57.03
56.02
55.00
53.97
52.93
51.88
50.82
49.75
48.66
47.57
46.47
45.35
44.23
43.09
41.94
40.78
39.61
38.42
37.23
36.02
31.73
25.55
19.30
12.99
6.61
0.17

$98.00
$98.98
$99.97
$100.97
$101.98
$103.00
$104.03
$105.07
$106.12
$107.18
$108.25
$109.34
$110.43
$111.53
$112.65
$113.77
$114.91
$116.06
$117.22
$118.39
$119.58
$120.77
$428.42
$618.73
$624.91
$631.16
$637.47
$643.85
$17.24

Credit Card #
Balance
$12,619.08
$12,460.38
$12,300.24
$12,138.62
$11,975.52
$11,810.92
$11,644.82
$11,477.19
$11,308.03
$11,137.32
$10,965.04
$10,791.18
$10,615.73
$10,438.67
$10,259.99
$10,079.67
$9,897.70
$9,714.06
$9,528.73
$9,341.71
$9,152.97
$8,962.50
$8,770.29
$8,576.32
$8,380.56
$8,183.01
$7,983.65
$7,782.47
$7,579.44
$6,741.50
$5,878.47
$5,007.52
$4,128.59
$3,241.61
$2,346.49
$1,443.17
$531.57

Credit Card #3
Payment Interest Principal
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$907.42
$924.83
$924.83
$924.83
$924.83
$924.83
$924.83
$924.83
$536.45

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

115.67
114.22
112.75
111.27
109.78
108.27
106.74
105.21
103.66
102.09
100.51
98.92
97.31
95.69
94.05
92.40
90.73
89.05
87.35
85.63
83.90
82.16
80.39
78.62
76.82
75.01
73.18
71.34
69.48
61.80
53.89
45.90
37.85
29.71
21.51
13.23
4.87

$158.70
$160.15
$161.62
$163.10
$164.59
$166.10
$167.63
$169.16
$170.71
$172.28
$173.86
$175.45
$177.06
$178.68
$180.32
$181.97
$183.64
$185.32
$187.02
$188.74
$190.47
$192.21
$193.98
$195.75
$197.55
$199.36
$201.19
$203.03
$837.94
$863.03
$870.94
$878.93
$886.98
$895.12
$903.32
$911.60
$531.57

Balance

Credit Union Loan

Payment Interest Principal

$19,225.00
$19,040.28
$18,854.63
$18,668.05
$18,480.54
$18,292.09
$18,102.70
$17,912.37
$17,721.08
$17,528.83
$17,335.63
$17,141.46
$16,946.31
$16,750.19
$16,553.10
$16,355.01
$16,155.94
$15,955.87
$15,754.80
$15,552.72
$15,349.63
$15,145.53
$14,940.41
$14,734.26
$14,527.08
$14,318.87
$14,109.61
$13,899.31
$13,687.96
$13,475.55
$13,262.07
$13,047.53
$12,831.92
$12,615.23
$12,397.46
$12,178.60
$11,958.64
$11,349.20
$10,200.26
$9,045.58
$7,885.13
$6,718.88
$5,546.79

$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$669.23
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

96.13
95.20
94.27
93.34
92.40
91.46
90.51
89.56
88.61
87.64
86.68
85.71
84.73
83.75
82.77
81.78
80.78
79.78
78.77
77.76
76.75
75.73
74.70
73.67
72.64
71.59
70.55
69.50
68.44
67.38
66.31
65.24
64.16
63.08
61.99
60.89
59.79
56.75
51.00
45.23
39.43
33.59
27.73

$184.73
$185.65
$186.58
$187.51
$188.45
$189.39
$190.34
$191.29
$192.24
$193.21
$194.17
$195.14
$196.12
$197.10
$198.08
$199.07
$200.07
$201.07
$202.08
$203.09
$204.10
$205.12
$206.15
$207.18
$208.21
$209.26
$210.30
$211.35
$212.41
$213.47
$214.54
$215.61
$216.69
$217.77
$218.86
$219.96
$609.44
$1,148.93
$1,154.68
$1,160.45
$1,166.25
$1,172.09
$1,177.95

$4,368.85
$3,185.01
$1,995.26
$799.55

$1,205.68
$1,205.68
$1,205.68
$803.55

$ 21.84
$ 15.93
$
9.98
$
4.00

$1,183.84
$1,189.75
$1,195.70
$799.55

Balance
$49,612.40
$49,422.34
$49,230.79
$49,037.71
$48,843.10
$48,646.96
$48,449.26
$48,250.00
$48,049.16
$47,846.73
$47,642.69
$47,437.04
$47,229.77
$47,020.85
$46,810.28
$46,598.04
$46,384.12
$46,168.51
$45,951.19
$45,732.15
$45,511.37
$45,288.85
$45,064.57
$44,838.51
$44,610.66
$44,381.01
$44,149.54
$43,916.24
$43,681.09
$43,444.08
$43,205.19
$42,964.41
$42,721.72
$42,477.12
$42,230.57
$41,982.08
$41,731.62
$41,479.17
$41,224.73
$40,968.27
$40,709.78
$40,449.25
$40,186.65

2nd Mortgage
Payment Interest Principal
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

392.76
391.26
389.74
388.22
386.67
385.12
383.56
381.98
380.39
378.79
377.17
375.54
373.90
372.25
370.58
368.90
367.21
365.50
363.78
362.05
360.30
358.54
356.76
354.97
353.17
351.35
349.52
347.67
345.81
343.93
342.04
340.13
338.21
336.28
334.33
332.36
330.38
328.38
326.36
324.33
322.29
320.22
318.14

$190.06
$191.56
$193.08
$194.60
$196.15
$197.70
$199.26
$200.84
$202.43
$204.03
$205.65
$207.28
$208.92
$210.57
$212.24
$213.92
$215.61
$217.32
$219.04
$220.77
$222.52
$224.28
$226.06
$227.85
$229.65
$231.47
$233.30
$235.15
$237.01
$238.89
$240.78
$242.69
$244.61
$246.54
$248.49
$250.46
$252.44
$254.44
$256.46
$258.49
$260.53
$262.60
$264.68

Balance
$119,412.57
$118,860.63
$118,305.94
$117,748.47
$117,188.21
$116,625.15
$116,059.27
$115,490.57
$114,919.02
$114,344.62
$113,767.34
$113,187.18
$112,604.11
$112,018.14
$111,429.23
$110,837.37
$110,242.56
$109,644.77
$109,044.00
$108,440.22
$107,833.42
$107,223.58
$106,610.70
$105,994.76
$105,375.73
$104,753.61
$104,128.38
$103,500.02
$102,868.52
$102,233.86
$101,596.03
$100,955.01
$100,310.78
$99,663.34
$99,012.66
$98,358.72
$97,701.51
$97,041.02
$96,377.22
$95,710.11
$95,039.66
$94,365.86
$93,688.69

1st Mortgage
Payment Interest
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

597.06
594.30
591.53
588.74
585.94
583.13
580.30
577.45
574.60
571.72
568.84
565.94
563.02
560.09
557.15
554.19
551.21
548.22
545.22
542.20
539.17
536.12
533.05
529.97
526.88
523.77
520.64
517.50
514.34
511.17
507.98
504.78
501.55
498.32
495.06
491.79
488.51
485.21
481.89
478.55
475.20
471.83
468.44

$39,921.98
$39,655.21
$39,386.32
$39,115.31
$38,440.03
$36,955.84
$35,459.91
$33,952.13
$32,432.42
$30,900.68
$29,356.81
$27,800.72
$26,232.31
$24,651.48
$23,058.14
$21,452.18
$19,833.51
$18,202.02
$16,557.62
$14,900.20
$13,229.66
$11,545.90
$9,848.80
$8,138.27
$6,414.20
$4,676.48
$2,925.00
$1,159.66

$582.82
$582.82
$582.82
$984.95
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,168.84

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

316.05
313.94
311.81
309.66
304.32
292.57
280.72
268.79
256.76
244.63
232.41
220.09
207.67
195.16
182.54
169.83
157.02
144.10
131.08
117.96
104.73
91.41
77.97
64.43
50.78
37.02
23.16
9.18

$266.77
$268.88
$271.01
$675.29
$1,484.18
$1,495.93
$1,507.78
$1,519.71
$1,531.74
$1,543.87
$1,556.09
$1,568.41
$1,580.83
$1,593.34
$1,605.96
$1,618.67
$1,631.48
$1,644.40
$1,657.42
$1,670.54
$1,683.77
$1,697.09
$1,710.53
$1,724.07
$1,737.72
$1,751.48
$1,765.34
$1,159.66

$93,008.13
$92,324.17
$91,636.79
$90,945.98
$90,251.71
$89,553.97
$88,852.74
$88,148.00
$87,439.74
$86,727.94
$86,012.58
$85,293.64
$84,571.11
$83,844.97
$83,115.19
$82,381.77
$81,644.67
$80,903.90
$80,159.42
$79,411.21
$78,659.27
$77,903.57
$77,144.09
$76,380.81
$75,613.71
$74,842.78
$74,067.99
$73,289.33
$71,887.12
$69,309.05
$66,718.10
$64,114.19
$61,497.26
$58,867.25
$56,224.08
$53,567.70
$50,898.04
$48,215.03
$45,518.61
$42,808.70
$40,085.24
$37,348.17
$34,597.41
$31,832.90
$29,054.56
$26,262.34
$23,456.15
$20,635.93

$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,768.66
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

465.04
461.62
458.18
454.73
451.26
447.77
444.26
440.74
437.20
433.64
430.06
426.47
422.86
419.22
415.58
411.91
408.22
404.52
400.80
397.06
393.30
389.52
385.72
381.90
378.07
374.21
370.34
366.45
359.44
346.55
333.59
320.57
307.49
294.34
281.12
267.84
254.49
241.08
227.59
214.04
200.43
186.74
172.99
159.16
145.27
131.31
117.28
103.18

$17,801.61
$14,953.12
$12,090.38
$9,213.33
$6,321.90
$3,416.01
$495.59

$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$498.07

$
$
$
$
$
$
$

89.01
74.77
60.45
46.07
31.61
17.08
2.48

age
Principal
$551.94
$554.70
$557.47
$560.26
$563.06
$565.87
$568.70
$571.55
$574.40
$577.28
$580.16
$583.06
$585.98
$588.91
$591.85
$594.81
$597.79
$600.78
$603.78
$606.80
$609.83
$612.88
$615.95
$619.03
$622.12
$625.23
$628.36
$631.50
$634.66
$637.83
$641.02
$644.22
$647.45
$650.68
$653.94
$657.21
$660.49
$663.79
$667.11
$670.45
$673.80
$677.17
$680.56

With Extra $100 p

years

8.17 They could pay off the debt within t

$683.96
$687.38
$690.82
$694.27
$697.74
$701.23
$704.74
$708.26
$711.80
$715.36
$718.94
$722.53
$726.14
$729.78
$733.42
$737.09
$740.78
$744.48
$748.20
$751.94
$755.70
$759.48
$763.28
$767.10
$770.93
$774.79
$778.66
$1,402.21
$2,578.06
$2,590.95
$2,603.91
$2,616.93
$2,630.01
$2,643.16
$2,656.38
$2,669.66
$2,683.01
$2,696.42
$2,709.91
$2,723.46
$2,737.07
$2,750.76
$2,764.51
$2,778.34
$2,792.23
$2,806.19
$2,820.22
$2,834.32

$2,848.49
$2,862.73
$2,877.05
$2,891.43
$2,905.89
$2,920.42
$495.59

With Extra $100 payment

y could pay off the debt within the 8 years if they use the extra $100

Retirement Plan
Starting Age
finishing Age

Return rate
Contribution of employer
Annual Contribution

43
65
10%
150.00
2937.5
###

plus: contributuion of employer

over the years of paying off debt
with an interest of

150
8
10%
-$21,927.16

with the 22 years of interest

$178,493.12

Totl Retirement Funds

$2,349,164.21

22 years

1. Their current budget.

2. Identify what changes you would make so that you not only have a pos
3. A roll-over plan to get them completely out of debt. How long does it ta
4. How much will they have in their retirement account when they are read

1. With their current budget they are quickly going into debt and somethin
2. We suggested they cut bowling, children's lessons, and the newspaper
We found a way to save them $357.50 a month, the bishop suggested they
3. It takes 8 years for them to completely rid themselves of debt if they fol
4. The retirement plan that we set up was based on their employers month
when the debt is paid off we calculated that we would add the $2937.50 th

ou not only have a positive budget, but you find extra dollars to apply towards the
bt. How long does it take for them to be completely out of debt?
ount when they are ready to retire?

into debt and something needs to change now if they want to be able to get a hold
ns, and the newspaper in order to start saving money and paying towards the deb
bishop suggested they only need to save $100 so we based our debt reduction an
elves of debt if they follow our suggested timeline.
their employers monthly contribution of $150 at a 10% interest rate. After the first
uld add the $2937.50 that we were paying on debt each month entirely to their retir

ars to apply towards their debt.

to be able to get a hold on it.

paying towards the debt.
d our debt reduction and retirement plan on that.

erest rate. After the first 8 years

nth entirely to their retirement.