Debt Tracker Instructions

<p> You can track each individual bad debt you have</p> <p> The program will add them up at the end of each time you work on the budget</p> <p> If you have a bad debt that will take a few months to pay off then use the Debt Tracker</p> <p> &nbsp;</p> <ul> <li> Open up the app by clicking on the ‘+Add Debt Payment’.</li> <li> Choose a debt or create a debt</li> <li> Add in the due date</li> <li> Add in the balance carried forward (total debt as of last statement or known debt) and the current charges<br /> <em>Example: you didn’t pay full rent and last month, you still owe $700. $700 is last statement and current charges are the month rent of $1,000. Fill in both the values in the two slots.</em></li> <li> Fill in the ‘Payment this Month’</li> </ul> <p> &nbsp;</p> <p> Once you’ve actually paid the bill click the ‘Paid’ slot.</p> <p> The only way to pay off the debt is to pay more than the ‘Current Charges’. If you do the Total Remaining Debt will then be lower than the Balance Carried Forward which means the debt is going lower.</p>

<p> You can track each individual bad debt you have</p> <p> The program will add them up at the end of each time you work on the budget</p> <p> If you have a bad debt that will take a few months to pay off then use the Debt Tracker</p> <p>  </p> <ul><li> Open up the app by clicking on the ‘+Add Debt Payment’.</li> <li> Choose a debt or create a debt</li> <li> Add in the due date</li> <li> Add in the balance carried forward (total debt as of last statement or known debt) and the current charges<br /><em>Example: you didn’t pay full rent and last month, you still owe $700. $700 is last statement and current charges are the month rent of $1,000. Fill in both the values in the two slots.</em></li> <li> Fill in the ‘Payment this Month’</li> </ul><p>  </p> <p> Once you’ve actually paid the bill click the ‘Paid’ slot.</p> <p> The only way to pay off the debt is to pay more than the ‘Current Charges’. If you do the Total Remaining Debt will then be lower than the Balance Carried Forward which means the debt is going lower.</p>