"Financially Stable after having our first child..."
"Continuing in debt and devoting my future earnings to intrest payments…"
"Financially Stable after having our first child..."
"Continuing in debt and devoting my future earnings to intrest payments…"
Increase Monthly Debt Payments to 20% of Net Income through the End of Q2
Use Debt Avalanch to Focus Efforts Debt repayment and Lower Intrest
Make Case for promotion and set a meeting with supervisor in the next 30 days
Action Item
Change
Logic
Income
+$5,000
Promotion
Income Tax
($1,339)
Promotion
Car Loan
($2,135)
Debt Acceleration
Free Cashflow
+$1,526
All Changes
FCF %
+3.8%
All Changes
Action Item
Change
Logic
Cash
+$1,379
FCF - Projects
Debt
($3,843)
Extra payments
Projects
($2,513)
Selected Projects
Networth
+2,709
All Changes
Capital Expense
Cost ($)
Time (Hrs)
PRIORITY
Build a Crib
$500
120
High
Packing Materials
$750
25
High
Car Tires
$703
0
High
Photography Parts
$350
0
Medium
Camera Bag
$210
0
Low
Total Budget
$2,513
145
