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Debt Management2015-11-17T22:11:13-04:00

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!

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