How To Calculate What You Really Owe

How do I calculate what I really owe?

How do you work out how much you owe? Well, actually, its not quite as straightforward as you might think. The first obvious thing to do is to add up how much you've borrowed. But it's different to the amount you're going to have to pay back. And that can be at least twice as much as the amount you've borrowed. So if your debts are twenty thousand, you may well, if you make small payments over many years, pay back forty thousand, which means you'll probably have to earn sixty thousand. Makes you think, doesn't it?