Cash Flow

Cash
Flow

FAMILY MONTHLY

Budget
Planner
March 2011

Monthly
Income

Monthly Income
Brother Hopeful
Sister Hopeful

Monthly
Expenses

Projected
4,800
350

Extra income

Other

TOTAL INCOME

Housing Expense
Mortgage or rent
Second mortgage or rent

Err:508

Projected
1,149
582.82

Food

450

Lessons p/Children (3 Children)

465

Utilities

275

Laundry

30

Dry Cleaning

20

Gifts

15

Life Insurance

70

Medical Insurance

200

Cell Phone

85

Home Phone Service

75

Bowling League

85

Newspaper

35

Internet

25

cable

95

Miscellaneous
SUBTOTAL

Transportation

30
Err:508

Projected

Vehicle 1 payment

200

Car Insurance

120

Gas

170

SUBTOTAL

Loans

Err:508

Projected

Credit card

158

Credit card

34.67

Credit card

$274.37

Credit Union Loan

$280.85

Medical Bills
Gas Credit Card
SUBTOTAL

Projected

Group
Members: Err:508
Total Income
1.)
Yoshiki
Total ExpenseYamaguchi
Err:509
2.)
David
Aguilar
TOTAL CASH FLOW
-583
3.) Samuel Clark
4.) Giliany Guardia

$65.07
$92.72
Err:508
Page 1 of 24

Gifts and Donations

Projected

Tithings

615

Charities

35

SUBTOTAL

Err:508

Page 2 of 24

Cash Flow

Cash
Flow

FAMILY MONTHLY

Budget
Planner

Projected

Total Income

Err:508

Total Expense

Err:509

TOTAL CASH FLOW

163

August 2015

Monthly
Income

Monthly Income
Brother Hopeful
Sister Hopeful
Extra income
Other
TOTAL INCOME

Monthly
Expenses

Housing Expense
Mortgage or rent
Second mortgage or rent

Projected
4,800
350
0
0

As welfare committee we developed a budget and made

the necessary changes so that they family does not
need to enter into any more debt EVER. We have been
able to cut off some of their unnecessary expenses
therefore, they have a surplus that will help them to
make extra payments in their bills to get out of debt
faster.

Err:508

Projected
1,149
582.82

Unnecessary Expenses
Home Phone Services
Bowling League

Projected
75
85.00

Food

450

Newspaper

35

Lessons p/Children (3 Children)

255

Cable

95

Utilities

150

Lessons p/child

Laundry
Dry Cleaning
Life Insurance
Medical Insurance

30

35

20

Gas

50

70

Gifts

200

Cell Phone

30

Internet

25

Miscellaneous
SUBTOTAL

Transportation

30
Err:508

Projected

Vehicle 1 payment

200

Car Insurance

120

Gas

120

SUBTOTAL

Loans

Err:508

Projected

Credit card

158

Credit card

34.67

Credit card

$274.37

Credit Union Loan

$280.85

Medical Bills

$65.07

Gas Credit Card

$92.72

SUBTOTAL

Gifts and Donations

Tithings

210

Cell Phone

Err:508

Projected
615
Page 3 of 24

15

Utilities

125

SUBTOTAL

725

Charities
SUBTOTAL

35
Err:508

Page 4 of 24

Amount
$1,000.00
$1,876.97
$1,969.78
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.57

APR %
Current Payment
Payments Remaining
15.0%
$34.67
36
15.0%
$65.07
36
12.0%
$92.72
24
7.0%
$200.00
28
12.0%
$158.00
48
11.0%
$274.37
60
6.0%
$280.85
84
9.5%
$582.82
142
6.0%
$1,149.00
147
$2,837.50

$216,915.80
Credit Card #2

Surplus from the Modified Budget

Month

Beginning BaMinimun
1
2
3
4
5
6
7

$1,000.00
$977.40
$789.47
$599.20
$406.55
$211.49
$13.99

Total debt
163

Interest
$34.67
$197.67
$197.67
$197.67
$197.67
$197.67
$197.67

$
$
$
$
$
$
$

Medical Bill

Surplus from medical bill and budget

Month

Beginning BaMinimun
1
2
3
4
5
6
7
8
9
10
11
12
13

$1,876.97
$1,834.55
$1,791.60
$1,748.11
$1,704.08
$1,659.49
$1,614.35
$1,380.36
$1,131.59
$879.71
$624.68
$366.46
$105.02

Ending Balance
12.07
9.75
7.40
5.02
2.61
0.17
(2.30)

$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$

977.40
789.47
599.20
406.55
211.49
13.99
(185.97)
$197.67

Interest
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$251.04
$262.74
$262.74
$262.74
$262.74
$262.74
$262.74

Description
Credit Card #2
Medical Bill
Gas Credit Card
Car Loan
Credit Card #1
Credit Card #3
Credit Union Loan
2nd Mortgage
1st Mortgage

Ending Balance
22.65
22.12
21.58
21.04
20.49
19.93
17.04
13.97
10.86
7.71
4.52
1.30
(1.97)

$
$
$
$
$
$
$
$
$
$
$
$
$

1,834.55
1,791.60
1,748.11
1,704.08
1,659.49
1,614.35
1,380.36
1,131.59
879.71
624.68
366.46
105.02
(159.69)

Gas Credit Card

Month

Beginning BaMinimun
1
2
3

$1,969.78
$1,895.83
$1,821.14

Interest
$92.72 $
$92.72 $
$92.72 $

Ending Balance
18.77 $
18.03 $
17.28 $

1,895.83
1,821.14
1,745.71

4
5
6
7
8
9
10
11
12
13
14
15
16

$1,745.71
$1,669.52
$1,592.56
$1,514.84
$1,436.34
$1,357.06
$1,276.98
$1,196.11
$1,114.42
$1,031.92
$787.30
$436.16
$81.51

$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$252.41
$355.46
$355.46
$356.46

$
$
$
$
$
$
$
$
$
$
$
$
$

16.53
15.77
15.00
14.22
13.44
12.64
11.84
11.03
10.22
7.80
4.32
0.81
(2.75)

$
$
$
$
$
$
$
$
$
$
$
$
$

1,669.52
1,592.56
1,514.84
1,436.34
1,357.06
1,276.98
1,196.11
1,114.42
1,031.92
787.30
436.16
81.51
(277.70)

Car Loan

Month

Beginning BaMinimun
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$5,200.00
$5,029.17
$4,857.34
$4,684.50
$4,510.66
$4,335.81
$4,159.94
$3,983.03
$3,805.10
$3,626.13
$3,446.12
$3,265.05
$3,082.93
$2,899.75
$2,715.50
$2,530.17
$2,064.45
$1,517.79
$967.94
$414.89

Interest
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$477.70
$555.46
$555.46
$555.46
$555.46

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Ending Balance
29.17
28.17
27.17
26.16
25.15
24.13
23.10
22.07
21.03
19.99
18.94
17.88
16.82
15.75
14.67
11.97
8.80
5.61
2.41
(0.82)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

5,029.17
4,857.34
4,684.50
4,510.66
4,335.81
4,159.94
3,983.03
3,805.10
3,626.13
3,446.12
3,265.05
3,082.93
2,899.75
2,715.50
2,530.17
2,064.45
1,517.79
967.94
414.89
(141.39)

Credit Card#1

Month

Beginning BaMinimun
1
2
3
4
5
6

$6,000.00
$5,900.42
$5,799.84
$5,698.26
$5,595.67
$5,492.04

Interest
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00

$
$
$
$
$
$

Ending Balance
58.42
57.42
56.42
55.40
54.38
53.34

$
$
$
$
$
$

5,900.42
5,799.84
5,698.26
5,595.67
5,492.04
5,387.38

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$5,387.38
$5,281.68
$5,174.91
$5,067.08
$4,958.17
$4,848.17
$4,737.08
$4,624.87
$4,511.54
$4,397.07
$4,281.46
$4,164.70
$4,046.76
$3,927.65
$3,664.54
$2,980.59
$2,289.81
$1,592.11
$887.44
$175.72

$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$299.39
$713.46
$713.46
$713.46
$713.46
$713.46
$714.46

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

52.29
51.24
50.17
49.09
48.00
46.90
45.79
44.67
43.54
42.39
41.23
40.07
38.89
36.28
29.51
22.67
15.76
8.79
1.74
(5.39)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

5,281.68
5,174.91
5,067.08
4,958.17
4,848.17
4,737.08
4,624.87
4,511.54
4,397.07
4,281.46
4,164.70
4,046.76
3,927.65
3,664.54
2,980.59
2,289.81
1,592.11
887.44
175.72
(544.13)

Credit Card #3

Month

Beginning BaMinimun
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$12,619.08
$12,457.87
$12,295.18
$12,131.00
$11,965.32
$11,798.12
$11,629.38
$11,459.10
$11,287.25
$11,113.84
$10,938.83
$10,762.21
$10,583.98
$10,404.12
$10,222.60
$10,032.89
$9,841.43
$9,648.22
$9,453.24
$9,256.47
$9,057.89
$8,857.50

Interest
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Ending Balance
113.16
111.68
110.19
108.69
107.17
105.63
104.09
102.53
100.95
99.36
97.76
96.14
94.50
92.86
91.13
89.39
87.64
85.87
84.08
82.28
80.46
78.62

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

12,457.87
12,295.18
12,131.00
11,965.32
11,798.12
11,629.38
11,459.10
11,287.25
11,113.84
10,938.83
10,762.21
10,583.98
10,404.12
10,222.60
10,032.89
9,841.43
9,648.22
9,453.24
9,256.47
9,057.89
8,857.50
8,655.27

23
24
25
26
27
28
29
30
31
32
33
34

$8,655.27
$8,451.18
$8,245.23
$8,037.39
$7,278.52
$6,341.82
$5,396.52
$4,442.57
$3,479.87
$2,508.34
$1,527.91
$538.49

$280.85
$280.85
$280.85
$824.98
$994.31
$994.31
$994.31
$994.31
$994.31
$994.31
$994.31
$994.31

$
$
$
$
$
$
$
$
$
$
$
$

76.77
74.89
73.01
66.11
57.61
49.02
40.35
31.61
22.78
13.88
4.89
(4.18)

$
$
$
$
$
$
$
$
$
$
$
$

8,451.18
8,245.23
8,037.39
7,278.52
6,341.82
5,396.52
4,442.57
3,479.87
2,508.34
1,527.91
538.49
(460.00)

Credit Union Loan

Month

Beginning BaMinimun
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

$19,225.00
$19,038.87
$18,851.81
$18,663.82
$18,474.88
$18,285.00
$18,094.17
$17,902.39
$17,709.65
$17,515.94
$17,321.27
$17,125.62
$16,928.99
$16,731.38
$16,532.78
$16,333.19
$16,132.61
$15,931.01
$15,728.42
$15,524.80
$15,320.17
$15,114.52
$14,907.84
$14,700.12
$14,491.37
$14,281.57
$14,070.73
$13,858.82
$13,645.86
$13,431.84

Interest
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Ending Balance
94.72
93.79
92.85
91.91
90.97
90.02
89.07
88.11
87.14
86.18
85.20
84.22
83.24
82.25
81.26
80.26
79.26
78.25
77.24
76.22
75.20
74.17
73.13
72.10
71.05
70.00
68.95
67.89
66.83
65.75

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

19,038.87
18,851.81
18,663.82
18,474.88
18,285.00
18,094.17
17,902.39
17,709.65
17,515.94
17,321.27
17,125.62
16,928.99
16,731.38
16,532.78
16,333.19
16,132.61
15,931.01
15,728.42
15,524.80
15,320.17
15,114.52
14,907.84
14,700.12
14,491.37
14,281.57
14,070.73
13,858.82
13,645.86
13,431.84
13,216.74

31
32
33
34
35
36
37
38
39
40
41
42
43
44

$13,216.74
$13,000.57
$12,783.32
$12,564.99
$11,883.26
$10,667.65
$9,445.96
$8,218.17
$6,984.24
$5,744.14
$4,497.83
$3,245.30
$1,986.50
$721.41

$280.85
$280.85
$280.85
$740.85
$1,268.68
$1,268.68
$1,268.68
$1,268.68
$1,268.68
$1,268.68
$1,268.68
$1,268.68
$1,268.68
$1,268.68

$
$
$
$
$
$
$
$
$
$
$
$
$
$

64.68
63.60
62.51
59.12
53.07
46.99
40.89
34.75
28.58
22.38
16.15
9.88
3.59
(2.74)

$
$
$
$
$
$
$
$
$
$
$
$
$
$

13,000.57
12,783.32
12,564.99
11,883.26
10,667.65
9,445.96
8,218.17
6,984.24
5,744.14
4,497.83
3,245.30
1,986.50
721.41
(550.01)

2nd Mortgage

Month

Beginning BaMinimun
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

$49,612.40
$49,417.73
$49,221.52
$49,023.76
$48,824.43
$48,623.52
$48,421.02
$48,216.92
$48,011.21
$47,803.86
$47,594.87
$47,384.23
$47,171.92
$46,957.93
$46,742.25
$46,524.86
$46,305.75
$46,084.90
$45,862.30
$45,637.95
$45,411.81
$45,183.89
$44,954.16
$44,722.61
$44,489.23
$44,254.01
$44,016.92
$43,777.95

Interest
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Ending Balance
388.15
386.61
385.06
383.49
381.91
380.32
378.72
377.10
375.47
373.83
372.18
370.51
368.83
367.14
365.43
363.71
361.97
360.22
358.46
356.69
354.90
353.09
351.27
349.44
347.59
345.73
343.85
341.96

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

49,417.73
49,221.52
49,023.76
48,824.43
48,623.52
48,421.02
48,216.92
48,011.21
47,803.86
47,594.87
47,384.23
47,171.92
46,957.93
46,742.25
46,524.86
46,305.75
46,084.90
45,862.30
45,637.95
45,411.81
45,183.89
44,954.16
44,722.61
44,489.23
44,254.01
44,016.92
43,777.95
43,537.09

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67

$43,537.09
$43,294.33
$43,049.64
$42,803.01
$42,554.44
$42,303.89
$42,051.37
$41,796.84
$41,540.30
$41,281.72
$41,021.10
$40,758.42
$40,493.65
$40,226.80
$39,957.82
$39,686.72
$38,859.11
$37,300.59
$35,729.73
$34,146.43
$32,550.60
$30,942.13
$29,320.93
$27,686.90
$26,039.93
$24,379.92
$22,706.77
$21,020.38
$19,320.63
$17,607.43
$15,880.66
$14,140.22
$12,386.01
$10,617.91
$8,835.81
$7,039.60
$5,229.17
$3,404.41
$1,565.21

$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$1,132.83
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50
$1,851.50

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

340.05
338.13
336.20
334.24
332.28
330.29
328.29
326.28
324.25
322.20
320.14
318.06
315.96
313.85
311.72
305.22
292.98
280.64
268.20
255.67
243.03
230.30
217.47
204.53
191.49
178.35
165.10
151.75
138.30
124.73
111.06
97.29
83.40
69.40
55.29
41.07
26.74
12.29
(2.27)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

43,294.33
43,049.64
42,803.01
42,554.44
42,303.89
42,051.37
41,796.84
41,540.30
41,281.72
41,021.10
40,758.42
40,493.65
40,226.80
39,957.82
39,686.72
38,859.11
37,300.59
35,729.73
34,146.43
32,550.60
30,942.13
29,320.93
27,686.90
26,039.93
24,379.92
22,706.77
21,020.38
19,320.63
17,607.43
15,880.66
14,140.22
12,386.01
10,617.91
8,835.81
7,039.60
5,229.17
3,404.41
1,565.21
(288.56)

1st Mortgage

Month

Beginning BaMinimun
1
2
3

$119,412.57
$118,854.89
$118,294.42

Interest
$1,149.00 $
$1,149.00 $
$1,149.00 $

Ending Balance
591.32
588.53
585.73

$
$
$

118,854.89
118,294.42
117,731.14

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

$117,731.14
$117,165.06
$116,596.14
$116,024.37
$115,449.75
$114,872.25
$114,291.87
$113,708.58
$113,122.38
$112,533.25
$111,941.17
$111,346.13
$110,748.11
$110,147.11
$109,543.10
$108,936.07
$108,326.01
$107,712.89
$107,096.71
$106,477.45
$105,855.09
$105,229.62
$104,601.03
$103,969.29
$103,334.39
$102,696.31
$102,055.05
$101,410.58
$100,762.89
$100,111.96
$99,457.77
$98,800.32
$98,139.57
$97,475.53
$96,808.16
$96,137.45
$95,463.40
$94,785.97
$94,105.15
$93,420.93
$92,733.29
$92,042.22
$91,347.68
$90,649.68
$89,948.18

$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

582.91
580.08
577.24
574.38
571.50
568.62
565.71
562.80
559.87
556.92
553.96
550.99
548.00
544.99
541.97
538.94
535.89
532.82
529.74
526.64
523.53
520.40
517.26
514.10
510.93
507.74
504.53
501.31
498.07
494.81
491.54
488.26
484.95
481.63
478.30
474.94
471.57
468.18
464.78
461.36
457.92
454.47
450.99
447.50
444.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

117,165.06
116,596.14
116,024.37
115,449.75
114,872.25
114,291.87
113,708.58
113,122.38
112,533.25
111,941.17
111,346.13
110,748.11
110,147.11
109,543.10
108,936.07
108,326.01
107,712.89
107,096.71
106,477.45
105,855.09
105,229.62
104,601.03
103,969.29
103,334.39
102,696.31
102,055.05
101,410.58
100,762.89
100,111.96
99,457.77
98,800.32
98,139.57
97,475.53
96,808.16
96,137.45
95,463.40
94,785.97
94,105.15
93,420.93
92,733.29
92,042.22
91,347.68
90,649.68
89,948.18
89,243.17

49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93

$89,243.17
$88,534.65
$87,822.57
$87,106.94
$86,387.73
$85,664.92
$84,938.50
$84,208.45
$83,474.75
$82,737.38
$81,996.32
$81,251.56
$80,503.07
$79,750.84
$78,994.85
$78,235.08
$77,471.51
$76,704.12
$75,932.90
$74,867.81
$72,226.65
$69,572.28
$66,904.64
$64,223.66
$61,529.28
$58,821.42
$56,100.02
$53,365.02
$50,616.34
$47,853.92
$45,077.69
$42,287.58
$39,483.51
$36,665.43
$33,833.25
$30,986.92
$28,126.35
$25,251.48
$22,362.23
$19,458.54
$16,540.33
$13,607.53
$10,660.07
$7,697.86
$4,720.85

$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,437.56
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50
$3,000.50

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

440.47 $
436.93 $
433.37 $
429.79 $
426.19 $
422.58 $
418.95 $
415.30 $
411.63 $
407.94 $
404.24 $
400.51 $
396.77 $
393.01 $
389.23 $
385.43 $
381.61 $
377.78 $
372.48 $
359.34 $
346.13 $
332.86 $
319.52 $
306.12 $
292.64 $
279.10 $
265.50 $
251.82 $
238.08 $
224.27 $
210.39 $
196.44 $
182.42 $
168.32 $
154.16 $
139.93 $
125.63 $
111.25 $
96.81 $
82.29 $
67.70 $
53.04 $
38.30 $
23.49 $
8.60 $

88,534.65
87,822.57
87,106.94
86,387.73
85,664.92
84,938.50
84,208.45
83,474.75
82,737.38
81,996.32
81,251.56
80,503.07
79,750.84
78,994.85
78,235.08
77,471.51
76,704.12
75,932.90
74,867.81
72,226.65
69,572.28
66,904.64
64,223.66
61,529.28
58,821.42
56,100.02
53,365.02
50,616.34
47,853.92
45,077.69
42,287.58
39,483.51
36,665.43
33,833.25
30,986.92
28,126.35
25,251.48
22,362.23
19,458.54
16,540.33
13,607.53
10,660.07
7,697.86
4,720.85
1,728.95

94

$1,728.95

$3,000.50 $

(6.36) $

(1,277.91)

We were working on a plan to try to get them out of debt and

according to our plan they will pay off all their debts accounts in a
period of 7.83 years. We decided to make a plan were they were
making extra payments on the bills sorting by the smallest debt to
the largest allowing the family to see something actually happening
in the quickest amount of time, and therefore they are much more
likely to stick with the plan.

7.8333333

Brother and Sister Hopeful are both 35 years old.

Brother Hopeful has a good job and brings home $4,800 / month in net take home pay. He does have a profit sharin
in the amount of $150 / month. Sister Hopeful does a small part time job out of their home while the children are at s
Year

Annual Payment
1
$36,000.00
2
$36,000.00
3
$36,000.00
4
$36,000.00
5
$36,000.00
6
$36,000.00
7
$36,000.00
8
$36,000.00
9
$36,000.00
10
$36,000.00
11
$36,000.00
12
$36,000.00
13
$36,000.00
14
$36,000.00
15
$36,000.00
16
$36,000.00
17
$36,000.00
18
$36,000.00
19
$36,000.00
20
$36,000.00

Rate
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%

Retirement Account
$39,600.00
$79,560.00
$123,516.00
$171,867.60
$225,054.36
$283,559.80
$347,915.78
$418,707.35
$496,578.09
$582,235.90
$676,459.49
$780,105.44
$894,115.98
$1,019,527.58
$1,157,480.33
$1,309,228.37
$1,476,151.21
$1,659,766.33
$1,861,742.96
$2,083,917.25

Now that the family is out of debt, af

his bills, they can invest the $3,000
payments of their bills. Brother and s
the age of 55 they will retire. After 2
in their retirement account $2,083,91

e does have a profit sharing program where the company contributes to his 401k
e while the children are at school and brings home a net take home paycheck of $350 per month.

family is out of debt, after 8 years of trying to pay off all

y can invest the $3,000 that they were spending on the
heir bills. Brother and sister Hopefull are 35 years and by
they will retire. After 20 years, they will be able to have
ment account $2,083,917.25 if they stick to their budget.