Avoiding Bad and Expensive Debt: Strategies and Tips, Slides of Management Fundamentals

Download Avoiding Bad and Expensive Debt: Strategies and Tips and more Slides Management Fundamentals in PDF only on Docsity! How Can You Avoid Bad and Expensive Debt? ¢ 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. ® Docsity.com How Can You Avoid Bad and Expensive Debt? (cont’d) ¢ 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). ® Docsity.com Nothing Helps Your Financial Plan if You Procrastinate THE MOST IMPORTANT STEP! Follow Axiom15 Docsity.com Summary ¢ Financial independence for women is tougher — be aware of the problems and start planning NOW! ¢ Consider how marriage and children can help you match your financial future with your values and goals. ¢ Share the habit of the wealthy — frugality. ® Docsity.com Summary (cont’d) ¢ Learn and implement the 12 decisions that will help you “choose wealth.” ¢ Meet the financial challenge of controlling debt; follow the 6 keys to successful debt management. ¢ Develop a basic financial plan for your future....but remember to “Just Do It.” Docsity.com