The goal of debt management is to get out of debt and not get back in. There’s a lot of talk about “good” debt and “bad” debt. Let me clarify – good debt is the kind that is manageable, that can help you improve your credit score, that is backed by collateral (a house, a car), and that may allow you to rack up frequent flyer points. Bad debt is the kind that isunmanageable – where you have thousands of dollars in credit card debt with a 20% interest rate. Or it’s a payday loan that takes 26 paychecks to pay off and ends up costing you 40% in interest charges. Living “bad” debt free allows you to keep your fixed expenses low. This means you can save up for a vacation or lose your job and still get by on unemployment. It gives you space in your budget and freedom in life in general. I’ll help you come up with a debt payoff schedule based on your current income and the motivation to stay out of debt. Let’s get started now!