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5.DEBT CALCULATOR

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5.DEBT CALCULATOR Powered By Docstoc
					                          DEBT CALCULATOR

             (1) Your total take home pay:           $ _________


             (2) Use 20% (divide pay by 5) =         $_________


             (3) Your current installment debts:     $_________


             (4) Your present safety margin -
                 Subtract line (3) from line (2) =
                                                     $_________
                 _


                                 Debt Calculator

Use the Debt Calculator to determine how you are doing in managing your debt.

The Debt Calculator uses 20% in step two since financial advisors suggest 20%
or less of our take home pay be spent on installment debt.

They also consider 36% as the maximum and 40% as a credit risk.

				
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