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Lucy is surprised that it will take her just over 4 years to pay off all her debts. She considers Step 4 and is willing

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Lucy is surprised that it will take her just over 4 years to pay off all her debts. She considers Step 4 and is willing to commit an additional $300 per month to her debt payments by cutting back on discretionary expenses. Using Steps 4, 5 and 6 in the Debt Elimination process fill in the table below once again, but including the new amount Lucy is willing to commit to debt repayment. Debt Interest Rate Initial Balance Initial Monthly Payment Increased Payment Start in Month New Balance New Monthly Payment Remaining Months on New Balance Total Remaining Months Total Monthly Payments How long will it take Lucy to pay off her debts if she continues with current approach? How much is Lucy paying each month toward debt payments? Lucy is surprised that it will take her just over 4 years to pay off all her debts. She considers Step 4 and is willing to commit an additional $300 per month to her debt payments by cutting back on discretionary expenses. Using Steps 4, 5 and 6 in the Debt Elimination process fill in the table below once again, but including the new amount Lucy is willing to commit to debt repayment. Debt Interest Rate Initial Balance Initial Monthly Payment Increased Payment Start in Month New Balance New Monthly Payment Remaining Months on New Balance Total Remaining Months Total Monthly Payments How long will it take Lucy to pay off her debts if she continues with current approach? How much is Lucy paying each month toward debt payments

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