Know What You Owe

Know What You Owe

If you're struggling with debt and want to take control of your finances, the first step is coming clean. Be honest with yourself about how much you really owe.

Use the chart to nail down your debts. This visual aid will help you put debts in perspective. List debts with the highest interest rates first and go from there, adding your monthly payment and the remaining balance for each debt. The numbers on this chart will come in handy when you figure your net worth.


Interest Monthly
Debt* Lender/issuer rate payment Balance

1. ________ ______________ _________ $_________ $__________

2. ________ ______________ _________ $_________ $__________

3. ________ ______________ _________ $_________ $__________

4. ________ ______________ _________ $_________ $__________

5. ________ ______________ _________ $_________ $__________

6. ________ ______________ _________ $_________ $__________

7. ________ ______________ _________ $_________ $__________

8. ________ ______________ _________ $_________ $__________

Date completed: _____________

Debts to consider: credit, retail, and gasoline cards; personal, home equity, and student loans; hospital debt, rent-to-own agreements, and other installment purchases.