Making a Budget
If you’re working to cut down your debt, making a budget is an essential first step. Creating and sticking to a budget is also an important way to avoid debt in the first place. By mapping out your regular expenses you can get a clear picture of your finances and act accordingly. This section provides information and resources to help you manage your expenses and make a budget. You’ll find articles on prioritizing your debts, making a budget, refinancing your loans, surviving the holidays on a budget, managing your expenses, tips on how to avoid excessive spending, and more.
- How to Avoid Debt
A collection of tips on how to avoid credit card debt. Learn about common financial pitfalls that credit cardholders encounter and how to avoid them by using credit cards the right way.
- Which Debts to Pay First?
Not all debts are the same. Some carry higher interest rates, for example. Learn how to prioritize your debts in order to cut down on your debt burden in the most efficient way possible.
- 10 Ways to Manage Expenses
Managing your expenses is the first step in avoiding debt or cutting down on your debt burden. This article offers helpful methods to help you manage your finances.
- Sample Personal Financial Statement
Laying out all assets and liabilities is a good first step toward creating a manageable budget. This sample financial statement will help you get an idea of where you stand financially.
- Refinancing Do's and Don'ts
Sometimes refinancing is the best way to pay off existing debts. Learn about when refinancing is appropriate, what to look for in a lender, and how to avoid refinancing scams.
- Repayment FAQ
A collection of common questions about repaying your debts. Find answers to your questions about debt relief options, the consequences of defaulting on a mortgage or car loan, and much more.