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.
Refrain from using your credit to subsidize your income.
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.
Deposit part of your income into a savings account to meet emergency expenses.
Know your priorites. Allot enough income for the essentials (shelter, utilities, food, medical, savings).