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
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Lap 5
Pay off consumer loans.
The following are tools and resources to help you pay off consumer loans.
Track your personal debts using Beating Debt Charts. |
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Join a Keeping Pace Group. |
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Invite your local business to join ShopResponsibly.org. |
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Encourage or Be Encouraged in the Lap 5 Online Group. |
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| Item | Item Description | |||
| Suggested Donation | ||||
| Excel | 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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