Download the spreadsheets below and use them to calculate your monthly debt payments, total amount of debt, monthly expenses, and monthly income. You can then use this information to decide on the best way to eliminate your debt.
After you download the spreadsheets, simple input your own information and delete the sample data to make your calculations.
- Download the Unsecured Debt Spreadsheet
- Download the Secured Debt Spreadsheet
- Download the Monthly Expenses Spreadsheet
- Download the Monthly Income Spreadsheet
To calculate your monthly nut, add your unsecured monthly debt payment, your secured debt payment, and your monthly expense together.
If this number is less than your monthly income, then you should have no problems making your monthly debt payments. If it is greater, then you should consider selling property to pay down some or all of your debt, or investigating debt relief options.
