Debt Management

What is debt? Debt is carrying over a balance on a credit card from one month to the next. Also, a car loan and a mortgage are considered debt. When you pay less than the minimum payment and miss a payment, penalties usually occur, and this can lead to mounting debt consequences. When debt gets beyond your control, setting a debt management payment plan will help get you back on track.

Financial planning and budgeting are critical steps in planning your debt management strategy.

Savvy Ladies webinars, blog articles, and 1:1 Mentoring can help get you started understanding your debt and what strategies are right for you.

Top articles to read about Debt & Credit

5 Financial Decisions to Make When COVID-19 Is Over

By: Catherine Burke You do not know what lies in the future for you, and nobody knows the after-effect of the corona pandemic will last for how much time. Your office may offer you a salary-cut, hour-cut from office duty, and God forbid you may face a job loss too.If...

Gathering and Leveraging Resources

by Elisa BalabramCurrently most if not all humans are facing stress, some are sick, some are overworked, some are unemployed, some businesses are closed or might close, some parents are homeschooling their kids unintendedly, some are mourning loved ones, some are...

Credit Card Finance Charge Calculator

Here’s how to get started taking control of your credit cards during the coronavirus. Put a list together of all your credit cards that have a balance due Document the balance of each card and its Annual Percentage Rate (APR) (the % of the interest you are charged for...

Webinars on Debt Management

5 Tips for Surviving Grey Divorce in Retirement

By: Michelle Petrowski Buonincontri, CFP®, CDFA A late-life divorce can wreak havoc on even the most well-thought-out retirement plan. You were happy “once upon a time” and planned a future…. Now you’re 55 and getting a divorce.  Or maybe you’re 60 or even in your...