Page one is for monthly, recurring debts, and page two is for lump sum debts.

Now that you have identified your income, you need to identify how much money you owe in debt. Use this form to track all of your debt and to determine your total monthly debt obligation.

Calculate the Total Amount Owed according to the type of each debt:

Monthly Debts(Creditor Name)

Debt TypeTotal Amount

OwedInterest Rate

Minimum Payment

Current

Capitol One Credit Card $1,200 25% $80 No

Totals:

Consumer Debt Worksheet 1|4

Consumer Debt Worksheet

MONTHLY DEBTS

Lump Sum Debts(Creditor Name)

Debt TypeTotal

Amount Owed

Monthly Savings Amount

Notes

Bank of AmericaMortgage Arrearage

$8,000 $250

Collections Department:Phone Number:

1-800-7777. Account # 3320403982393

Totals:

Consumer Debt Worksheet 2|4

Consumer Debt Worksheet

LUMP SUM DEBTS

One method to help you understand your financial picture is to calculate your debt-to-income ratio (DTI). DTI is the percentage of a consumer’s monthly gross income that goes toward paying debt.

To calculate your DTI, first complete both the Income Calculation and Consumer Debt worksheets. Next, add the totals from your Consumer Debt Worksheet to the Monthly Debt section. This worksheet will perform all calculations for you, so after entering your totals, check the results at the bottom of the page. Each month, if you continue to pay down your debt and limit new debt, you should be able to improve your DTI.

Total Monthly Income

Total Monthly Income(use total from Income Calculation Worksheet)

Total Monthly Income:

Total Monthly Debt

Total Monthly Debt Payments(use total from Consumer Debt Worksheet)

Total Monthly Lump Sum Savings Amounts(use total from Consumer Debt Worksheet)

Total Monthly Debt:

Debt to Income Ratio

Debt/Income

Results

Excellent < 7%

Good 8% - 12 %

Fair 13% - 18%

High Risk > 19%

Debt to Income Ratio Worksheet

DTI Calculation Worksheet 3|4

Priority Creditor/Debt Proposed Next StepProposed Next

Payment Amount

Goal: Months needed to

resolve debt

Use this worksheet to prioritize the debts listed on your Consumer Debt Worksheet. What strategy are you going to use to address these debts? Will you prioritize your highest interest rates, or your highest balance?

1) Credit CardPay More Than

Minimum $100 12

1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

Total Monthly Payment:

Debt Payment Planning Worksheet

Debt Planning Worksheet 4|4