Caution: If the calculated results show NaN , (Not Acceptable Number), you have entered a combination of payment amount and interest rates that will never repay the debt. Try again with a higher payment or lower interest rate.
No more than 25% of your monthly income should go towards installment debt – credit cards, loans, car payments, etc.
Deposit part of your income into a savings account to meet emergency expenses.
Keep an accurate record of your cash flow and expenses in order to stick to your plan.
Spending limits must be realistic
Make your spending habits consistent. Large expenses should be pro-rated over a period of time.