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.
Make your spending habits consistent. Large expenses should be pro-rated over a period of time.
No more than 25% of your monthly income should go towards installment debt – credit cards, loans, car payments, etc.
Make the budget a family project. Everyone must be involved in order for it to work.
Spending limits must be realistic
Act your own wage!