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| Paying off Credit Card Debt with 1 class each Week. |
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Paying Off Credit Card Debt with 1 Class each Week $200 per week retail = $100 wholesale per week and $100 profit per week $200 per week x 15% hostess credit or discounts = $30 discount per week $100 profit - $30 hostess credit = $70 clear profit per week
$100 wholesale per week x 4 = $400 wholesale per month $70 clear profit per week x 4 = $280 clear profit per month
Business Expenses 50 PCP customers = Averages $12 per month 48 meetings and 4 Quarterly Awards =Averages $16 per month $30 in sec. 2 with tax and shipping for your monthly order = Averages $41 per month Total expenses = $69 per month $280 clear profit per month - $69 total expenses per month = $211 per month to pay off credit card debt Assuming $6000 of credit card debt at 13% interest According to Crown Financial Ministries Credit Card Calculator: When you pay $200 toward the balance each month your $6000 will be paid off in 37 payments or 3.08 years That means your card will have zero balance in less than 4 years by doing only 1 class per week! (You must continue to pay $200 every month no matter the decrease in minimum payment or the decrease in finance charges!) When you pay $400 toward the balance each month your $6000 will be paid off in 17 payments or 1.42 years That means your card will have zero balance in less than 2 years by doing only 2 classes per week! (You must continue to pay $400 every month no matter the decrease in minimum payment or the decrease in finance charges!)
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