Step 5: Power Roll Your Debt
Guidelines
Put an extra $200 per month into your debt reduction
Pay off the lowest payment first.
Add the payment you have paid off to the next lowest bill and pay it off
And so on until you are debt free	Month:	May
Use emergency fund to pay for emergencies; not your credit cards.
After you are debt free continue to put your monthly payment into savings.	List creditors	end mo	total mo	Balance	Int. Rate	Min Paymt	Add to pmt	New paymt
	Mortgage	128.6	69.1	$ 85,282.16	5.75%	$   600.00	$1,233.83	$1,833.83
	First car	59.5	15.6	$ 14,495.08	8.00%	$   305.00	$   928.83	$1,233.83
	Second car	43.8	10.9	$   7,000.00	9.50%	$   289.00	$   639.83	$   928.83
	MasterCard	32.9	7.4	$   3,922.81	27.98%	$   109.00	$   530.83	$   639.83
	Visa	25.5	7.4	$   3,197.76	8.99%	$   100.00	$   430.83	$   530.83
	Discovery	18.1	8.7	$   2,974.51	18.00%	$     89.24	$   341.59	$   430.83
	Second Visa	9.4	5.6	$   1,487.26	18.00%	$     76.59	$   265.00	$   341.59
	JC Penneys	3.8	0.8	$     212.43	22.00%	$     15.00	$   250.00	$   265.00
	Bon Macys	2.9	1.3	$     300.00	22.00%	$     15.00	$   235.00	$   250.00
	Overdraft	1.6	1.6	$     329.32	8.00%	$     35.00	$   200.00	$   235.00
	Number of months to be debt free		128.6	$119,201.33		$1,633.83	$   200.00
	Number of years to be debt free		10.7			$200
	Total monthly payment					$1,833.83