Personal Finance Workbook

Debt Repayment

Here’s what happens when you make your payments. In the first three years, over half of your $1,000.00 payment goes towards interest. Only towards the end of your payments do you really start taking a bite out of the amount you actually borrowed or financed. Take a look at the real cost for that $10,000.00 debt . . .
Top

<Back Next >

Biblical Position on Giving, Savings, and Debt

Introduction

Needs and Desires

The Debt Trap

The Ease of Debt Growth

Debt Repayment

The True Cost of Debt

Plotting Financial Goals

Gifts Given Record

Debt Records

Statement of Net Worth

Monthly Income Statement

Monthly Cash Flow Recording Sheet

Percentage Guide

Income Graph

Where Do We Go From Here?

Biblical Guidelines

Financial Objectives

Glossary of Terms

Reference List & Acknowledgements