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Personal Finance

Web Extra: Budgeting to Pay Down Debt

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Published: Thursday, 14 Aug 2008 | 9:01 PM ET
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Web Producer

OTM Web Extra
CNBC's Carmen Wong Ulrich helps viewers manage their personal finances in this On the Money Web Extra.

You typically don’t want to spend more than 10-12% of your monthly take-home income on debt, Carmen tells Roshanda in Thursday’s Web Extra. But there are some exceptions to this rule of thumb. Watch the video to find out more about Carmen’s budget breakdown for anyone trying to pay off debt. Click here to see her original pie chart for how to split up your monthly expenses.

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Find out how much you should allocate from each month's paycheck toward your debt.

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