



Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
Practical advice on how to avoid accumulating bad and expensive debt. Topics include negotiating credit card rates, eliminating lifestyle patterns that lead to debt, finding cheaper sources of money, and implementing a budget and financial plan.
Typology: Slides
1 / 7
This page cannot be seen from the preview
Don't miss anything!
Negotiate down the rate on your current credit card(s).
Eliminate the lifestyle pattern that lead to the debt. - Pay more than the minimum payments.
Liquidate an investment, or savings, that is paying less than the interest rate charged on debt.
Try to find a cheaper source of money (home equity loan, life insurance, friends or family).
Begin with a budget and a plan. - Manage your cash - monitor bank fees and ATM charges. - Avoid “bad” debt; get rid of it if you have it. - Build a safety net - health, disability, property and liability, and life insurance. - Start investing for future goals. - Take advantage of tax ‐ favored retirement plans.
Follow Axiom
Learn and implement the
decisions that will help you “choose wealth.”
Meet the financial challenge of controlling debt; follow the
keys to successful debt management.
Develop a basic financial plan for your future….but remember to “Just Do It.”