January Opening Balance $12,000.00 $12,987.00 Interest Charged Per Day $1.81 $1.03 Days in Month 31 31 Total Interest Charged $56.05 $31.99 Total Debt with Interest $12,056.05 $13,018.99 Payments $931.00 $206.50 Closing Balance $11,125.05 $12,780.50 $23,905.55 February Opening Balance $11,125.05 $12,780.50 Interest Charged Per Day $1.68 $1.02 Days in Month 28 28 Total Interest Charged $46.94 $28.43 Total Debt with Interest $11,171.99 $12,808.93 Payments $931.00 $206.50 Closing Balance $10,240.99 $12,574.00 $22,814.99 March Opening Balance $10,240.99 $12,574.00 Interest Charged Per Day $1.54 $1.00 Days in Month 30 30 Total Interest Charged $46.29 $29.97 Total Debt with Interest $10,287.29 $12,603.97 Payments $3,931.00 $206.50 Closing Balance $6,356.29 $12,367.50 $18,723.79 April Opening Balance $6,356.29 $12,367.50 Interest Charged Per Day $0.96 $0.98 Days in Month 30 30 Total Interest Charged $28.73 $29.48 Total Debt with Interest $6,385.02 $12,396.98 Payments $1,131.00 $206.50 Closing Balance $5,254.02 $12,161.00 $17,415.02 May Opening Balance $5,254.02 $12,161.00 Interest Charged Per Day $0.79 $0.97 Days in Month 31 31 Total Interest Charged $24.54 $29.95 Total Debt with Interest $5,278.56 $12,190.95 Payments $2,331.00 $206.50 Closing Balance $2,947.56 $11,954.50 $14,902.06 June Opening Balance $2,947.56 $11,954.50 Interest Charged Per Day $0.44 $0.95 Days in Month 30 30 Total Interest Charged $13.32 $28.49 Total Debt with Interest $2,960.89 $11,982.99 Payments $2,081.00 $206.50 Closing Balance $879.89 $11,748.00 $12,627.89 July Opening Balance $879.89 $11,748.00 Interest Charged Per Day $0.13 $0.93 Days in Month 31 31 Total Interest Charged $4.11 $28.94 Total Debt with Interest $884.00 $11,776.94 Payments $884.00 $206.50 Closing Balance $0.00 $11,541.50 $11,541.50 August Opening Balance $0.00 $11,541.50 Interest Charged Per Day $0.00 $0.92 Days in Month 31 31 Total Interest Charged $0.00 $28.43 Total Debt with Interest $0.00 $11,569.93 Payments $0.00 $1,137.50 Closing Balance $0.00 $10,404.00 $10,404.00 September Opening Balance $0.00 $10,404.00 Interest Charged Per Day $0.00 $0.83 Days in Month 30 30 Total Interest Charged $0.00 $24.80 Total Debt with Interest $0.00 $10,428.80 Payments $0.00 $1,137.50 Closing Balance $0.00 $9,266.50 $9,266.50 October Opening Balance $0.00 $9,266.50 Interest Charged Per Day $0.00 $0.74 Days in Month 31 31 Total Interest Charged $0.00 $22.82 Total Debt with Interest $0.00 $9,289.32 Payments $0.00 $1,137.50 Closing Balance $0.00 $8,129.00 $8,129.00 November Opening Balance $0.00 $8,129.00 Interest Charged Per Day $0.00 $0.65 Days in Month 30 30 Total Interest Charged $0.00 $19.38 Total Debt with Interest $0.00 $8,148.38 Payments $0.00 $1,137.50 Closing Balance $0.00 $6,991.50 $6,991.50 December Opening Balance $0.00 $6,991.50 Interest Charged Per Day $0.00 $0.56 Days in Month 31 31 Total Interest Charged $0.00 $17.22 Total Debt with Interest $0.00 $7,008.72 Payments $0.00 $1,137.50 Closing Balance $0.00 $5,854.00 $5,854.00 Milestones Achieved Specifics About Debts Debt #1 (Student Loans) Total $12,000.00 Interest Rate 5.5% 1st Priority
Debt #2 (Car Loan)
Total Debt Cleared This Year $4,081.45 Total $12,987.00 Total Debt Cleared Overall $15,072.45 Interest Rate 2.9% 2nd Priority
PHASE 1 (Debt #1 First)
Debt #1 Regular Payments Accelerated payments $931.00 Total Debt Cleared This Year $5,172.01 Total Debt Cleared Overall $16,163.01 Debt #2 Regular Payments **Tax Return of $3,000 added*** Minimum Payment $206.50
PHASE 2 (Debt #2 Focus)
Debt #1 Regular Payments Total Debt Cleared This Year $9,263.21 No more payments! $0.00 Total Debt Cleared Overall $20,254.21 **Freelance income of $200 added*** Debt #2 Regular Payments Accelerated payments $1,137.50
Total Debt Cleared This Year $10,571.98
Total Debt Cleared Overall $21,562.98 **Freelance income of $200 added*** **Tax Rebate of $1200 added**
Total Debt Cleared This Year $13,084.94
Total Debt Cleared Overall $24,075.94 **Freelance income of $150 added*** **Excess wedding money of $1000 added**
Total Debt Cleared This Year $15,359.11
Total Debt Cleared Overall $26,350.11 **Freelance income of $100 added***
Total Debt Cleared This Year $16,445.50
Total Debt Cleared Overall $27,436.50 Starting Phase 2