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  • Personal Finance Lecture 2: How To Avoid Debt and Become Debt Free

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    Jason R. Pierre
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    This lecture provided statistics about the amount of debt racked up by consumers, credit cards, and student loans. It also talks about simple strategies you can use to avoid racking up debt and getting out of debt. Class: Personal Finance Teacher: Magda Rodriguez Date: January 14, 2013 Location: Ouachita Hills College Student: Jason R. Pierre

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    Personal Finance Lecture 2: How to Avoid Debt and Become Debt Free

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    This lecture provided statistics about the amount of debt racked up by consumers, credit cards, and student loans. It also talks about simple strategies you can use to avoid racking up debt and getting out of debt. Class: Personal Finance Teacher: Magda Rodriguez Date: January 14, 2013 Location: Ouachita Hills College Student: Jason R. Pierre

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as ODT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    22 views1 page

    Personal Finance Lecture 2: How To Avoid Debt and Become Debt Free

    Uploaded by

    Jason R. Pierre
    This lecture provided statistics about the amount of debt racked up by consumers, credit cards, and student loans. It also talks about simple strategies you can use to avoid racking up debt and getting out of debt. Class: Personal Finance Teacher: Magda Rodriguez Date: January 14, 2013 Location: Ouachita Hills College Student: Jason R. Pierre

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as ODT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Consumer Debt = $2.

    5 Trillion Student Loans = $956 billion student loans Credit Cards = $858 billion credit card Average Student Loan debt = $ !"#$ %ou tend to s&end more '(en )ou s'i&e )our card. %ou can save u& to **2"$$$ in )our li+etime b) bringing lunc( to )our 'or,&lace. -ed .lag / Do not &a) t(e minimum. 0a) it all o++. 1sing a Credit Card to &a) o++ t(e ot(er Credit Card. Consolidate )our debts / Ta,e a big loan to &a) o++ ever) ot(er debt so )ou onl) (ave 2one3 debt. 4o' to get out o+ debt. 5stablis( t(is &rinci&le6 7et rid o+ t(e smallest debt +irst. / '()8 / 7et a sense o+ accom&lis(ment. *. List all o+ )our debts in ascending order in terms o+ balance. 2. Do a budget to determine )our essentials *$$$ income &er mont( $$ on essentials #$$ available to &a) debt 9ortgage Credit Card Car 0a)ment $ $$ $*5$ $*25 25$ +or 8 mont(s $*5"$$$ $6"$$$ $2"$$$

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