Money Management

How to Calculate Debt?
A Simple Guide to Calculate your Debt

To get out of debt, you must know how to calculate debt. Below you will find a free simple debt schedule that will show you how to calculate your debt. The steps to fill it out are also listed here. For more detail see the Calculate Debt page.

This is a sample Debt Schedule. It helps you see the details of all of your debt on one page. Don't be afraid of determining how much you owe, or looking at it straight on. With knowledge there is power. When you have power you can pay it off and stop being controlled by it!

Use this as your starting point to paying off your debt. Your starting point in your money management plan. Just like if you were planning a road trip, you have to know where you are to plan how to get to where you want to go. So dive in, keep your head held high, and learn all you can about your debt. Remember power comes from knowledge!

A Sample Debt Schedule - the First Step in Learning How to Calculate Debt

You can print your own Adobe pdf version of this Debt Schedule here. If you don't have Adobe Reader, then click here to get it.

	Debt: Who do you owe?	Description: Why I owe this	Limit on Card	Dollar amount owed	Interest Rate	Minimum Payment % of Balance	Minimum Payment Each Month

1	Amex	Stuff	$ 2,200	$ 2,142	9%	3%	$ 64.26
2	Visa	Vacations	$ 4,300	$ 4,251	21%	3%	$ 127.53
3	Sears	Appliances	$ 3,600	$ 3,641	25%	3%	$ 109.23
4	Mastercard	Stuff for kids	$ 1,500	$ 1,425	13%	3%	$ 42.75
5	Furniture store card	Chairs and Couch	$ 2,600	$ 2,579	21%	3%	$ 77.36
		Totals	$ 14,200	$ 14,038			$ 421.13