- Another Perspective on Wealth
- Setting Personal Goals
- Understanding and Managing Credit
- Introduction
- Learn About Credit Bureaus, Credit Reports, and Credit Scores
- Identify Appropriate Uses for Credit Cards and Explain How They Can Help You Achieve Your Financial Goals
- Learn How Credit Cards Work and Describe the Costs Involved
- Learn How to Manage Credit Cards and Open Credit
- Summary
- Assignments
- Conclusions 1: Learning to Give
- Conclusions 2: Decide to Decide
Learning Tools
The following Learning Tools may be helpful as you prepare your personal financial plan:
9. Debt Amortization and Prepayment Spreadsheet
This Excel document is a debt amortization and prepayment schedule to help you reduce and eliminate your debt.
18. Credit Card Repayment Spreadsheet
This Excel spreadsheet helps you determine how long it will take you to pay off a specific credit card or loan based on the balance owed, annual percentage rate, compounding periods, and payments per month.
20. Debt Elimination Schedule with Accelerator
This spreadsheet allows you to input your different debts and interest rates. It then prioritizes that debt based on interest rates and puts together a repayment plan based on the minimum payments that are due each month; this repayment plan is consistent with Marvin J. Ashton’s plan in the article “One for the Money.” This spreadsheet also allows you to include an accelerator amount and an amount in addition to your normal monthly payments; you will be able to see how long it will take you to pay off your debt.
