Math Written Project

Goal

The goal is to eliminate a credit card debt of $2,000.
The problem or challenge is to formulate an action plan to eliminate the debt within the time frame of two years. This includes not accruing additional debt in the meantime.
The obstacles to overcome are staying within your budget while paying off the debt in the given time frame.

Role

You are a young adult with a monthly take home pay of $1,500. After expenses for housing, food and transportation you are left with $650 per month. Remember that this is your pocket money for the month.

Audience

You need to convince a credit agent that is helping you get out of debt with your action plan that it will work.

Situation

The challenge involves taking a good look at your budget to determine how much you can put towards the debt monthly.

Product, Performance, and Purpose

You will create an action plan in order to pay off the debt within two years. Remember that interest accrues monthly on a credit card.

Standards and Criteria for Success

Your product must meet the following standards:

1. You must formulate the plan yourself, using sources that you cite.
2. You must outline the plan based on the income you have been given.
3. Creativity is not frowned upon, but structure is a necessity.

Please upload your completed assignment here. Be sure you have included your name at the top of your document and as part of the file name. Be sure to review the rubric to see how you will be graded.

Rubric

Module 3 Assignment Rubric

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