| Purpose of loan/credit | Source of Credit | Amount still owed | Months left to pay | APR* | Monthly Payment |
| Utilities | |||||
| Credit Card #1 | |||||
| Credit Card #2 | |||||
| Installment Loan - car | |||||
| Installment loan - other | |||||
| Store charge card | |||||
| Other | |||||
| Other |
*APR = annual percentage rate
Total monthly payments_______________(1)
Monthly Income$__________________ divided by 5(20% of your take home pay) = ____________ (2)
|
Trimming Tip #2
Credit Payments should be no more that 20 percent of your take home pay. If (1) is greater than (2), you need to work hard at trimming your credit.
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