Now that I told you to pay off your debt, I will show you a few ways how. The first thing you must do is gather up your bills and place them in order from the lowest to the highest. Write them down in that order. Write down their monthly payments, Then start paying them off in that order by adding the minimum payment plus about 50 more dollars if it is at all possible. As you pay off each account you add that payment to the next bill.
(Example: If you had three bills one for 100, 300. and 500 wiht payments of 15, 22, and 28 dollars. Now since the one for 100 is the smallest you take its payment of $15 and add $50 for a total of $65. You would then pay $65 on the $100 which would lead to having $35 Dollars left.
The next month you take the $65 and pay the last $35 off. You take the extra $30 and apply it to the $300 bill which would have subtracted $22 the first month so it would be $278, now in month two you would subtract the extra $30 from bill one, plus the $22 for bill two for a total of $52, Now $278 minus $52 equals $226. Now for month three you would add the $50 plus the $15 available from bill one plus the $22 for bill two's regular payment which will total $87. You subtract the $87 from the $226 which comes to $139, month 4 you minus $87 for a total of $52 and month 5 you minus the $87 bill two will be paidoff with $35 left for bill 3.
Now that is five months so five payment should have been paid on bill three. So now you take the 28 for 5 months which is $140 plus the $35 that was left over from bill 2 for a total of $175. Take the $500 and minus $175 for a total of $325. At month 6 you take the extra $50 that you add, plus the $15 from bill one, the 22 from bill 2 and the 28 from bill three for a total of $115. Now for month 6,7 and 8 you minus $115 from the balance. $325 minus $115 equals $210, next $210 minus $115 for a total of $95 and so on. Now this does not take in account for interest or fee's but it work basically the same)
(Example: If you had three bills one for 100, 300. and 500 wiht payments of 15, 22, and 28 dollars. Now since the one for 100 is the smallest you take its payment of $15 and add $50 for a total of $65. You would then pay $65 on the $100 which would lead to having $35 Dollars left.
The next month you take the $65 and pay the last $35 off. You take the extra $30 and apply it to the $300 bill which would have subtracted $22 the first month so it would be $278, now in month two you would subtract the extra $30 from bill one, plus the $22 for bill two for a total of $52, Now $278 minus $52 equals $226. Now for month three you would add the $50 plus the $15 available from bill one plus the $22 for bill two's regular payment which will total $87. You subtract the $87 from the $226 which comes to $139, month 4 you minus $87 for a total of $52 and month 5 you minus the $87 bill two will be paidoff with $35 left for bill 3.
Now that is five months so five payment should have been paid on bill three. So now you take the 28 for 5 months which is $140 plus the $35 that was left over from bill 2 for a total of $175. Take the $500 and minus $175 for a total of $325. At month 6 you take the extra $50 that you add, plus the $15 from bill one, the 22 from bill 2 and the 28 from bill three for a total of $115. Now for month 6,7 and 8 you minus $115 from the balance. $325 minus $115 equals $210, next $210 minus $115 for a total of $95 and so on. Now this does not take in account for interest or fee's but it work basically the same)
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