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.
Look for ways of saving money on expenses and eliminating non-essential expenses (entertainment, cable, cigarettes, shopping).
Make the budget a family project. Everyone must be involved in order for it to work.
Refrain from using your credit to subsidize your income.
Act your own wage!
No more than 25% of your monthly income should go towards installment debt – credit cards, loans, car payments, etc.