See How Quickly You Can Be DEBT FREE!
STEP 1: Add Your Debts to the DebtRAC
- Debts will populate in the table below
($)
($)
(%)
STEP 2: Add an additional dollar amount to Boost your payoff strategy.
- This will be applied to the first minimum payment at the top of the table.
- When that debt is paid off, the Boost will cascade to the next minimum payment.
Creditor Name | Current Balance | Minimum Payment | Interest Rate | Cash Flow Index | # of Payments to Interest Annually | Debt Reduction Accelerator Payments | # Acclerator Payments to Payoff | Payoff Date | Action |
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STEP 3: Sort DebtRAC!
- Use the arrows on top to sort by Cash Flow Index or # of Annual Interest Payments to find the best payoff strategy.
- Make only minimum payments on everything below the top Boosted payment.
- Once the top debt is paid off, the boost cascades down to each next debt, in turn, until each is paid off.
- Keep removing the debts from the top of the table as they are paid off.
- The approximated final payoff dates for each debt are listed on the right--SEE when you could be DEBT FREE!
STEP 4: Keep Track of Your Progress!
- Save to CSV, Excel, PDF, or Print and keep track of your progress!
business success partnerSteven Potts
Damian Reese |
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