Ever felt like your debts are growing worryingly?? The world is awash with debt. Individuals, corporations, and even nations are caught up in the cycle of borrowing and spending.
Taking on debt can help companies grow, just like it can help people purchase homes and other things they might not be able to afford outright. The problem is, if you don’t organize your finances to manage your debts, you can fall into what’s called a ‘debt spiral’. This course is designed to guide you on how to tackle excess debt. It will outline 2 different strategies (the debt avalanche method and the debt snowball method) as well as offering other handy tips.
By the end of this course, you’ll be able to:
• Describe how debt works
• Distinguish between good and bad debt
• Explain the difference between the avalanche and snowball methods of paying off debt
• Form a plan to get out of debt
Why take this course?
Debt can cause all sorts of problems, and can be a major cause of stress. The good news is there are practical techniques that can help you manage your debt. This course will show you how to best organize your efforts. With the right approach and a bit of perseverance, you can get that debt paid off.
10 mins | SCORM | Workbook