I will create a PDF file of one of two possible debt pay-down plans for you (choose one):

Snowball plan – pay off smaller balances first

I will need:

  • Name of bill ("car"/"credit card"/etc… generic is fine, it's just to differentiate)
  • Interest rate for each
  • Current balances on each
  • Minimum monthly payment for each (as required by the payment terms)
  • Tax bracket (if not known, 25% will be used in calculations)

 

Interest saving plan – pay off higher interest rate balances first

I will need:

  • Name of bill (generic is fine: "car" or "credit card 1")
  • Interest rate for each
  • Current balance for each
  • Minimum monthly payment on each (as required by the payment terms, not necessarily what you pay each month)