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Lap 5

Pay off consumer loans.

Consumer loans will be paid off last due to its lower interest rates and normally backed by collateral.

Using Lap 1-4 tools, use all available funds for the completion of Lap 5.

Run Route - Lap 1 - Lap 2 - Lap 3 - Lap 4 - Lap 5 - Lap 6 - Lap 7

The following are tools and resources to help you pay off consumer loans.

Track your personal debts using Beating Debt Charts.

Join a Keeping Pace Group.

Invite your local business to join ShopResponsibly.org.

Encourage or Be Encouraged in the Lap 5 Online Group.
Item Item Description
Suggested Donation
Excel PDF Example
BDO Debt Repayment Plan Use this excel document to calculate when you will be out of debt by using the rollover method. $3  or 2 Volunteer Opps   Example
Financial Calculators

 

Run Route - Lap 1 - Lap 2 - Lap 3 - Lap 4 - Lap 5 - Lap 6 - Lap 7

Remember, this is a financial marathon, not a sprint. 

This will take time, stay encouraged.

User Supported:

"One man pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth" - Pvbs 13:7 NIV

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Be Encouraged. We Will Overcome. To God Be The Glory.