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.
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Expensive Debt - E-Commerce - Lecture Slides, Slides of Fundamentals of E-Commerce
Students of Communication, study E-Commerce as an auxiliary subject. these are the key points discussed in these Lecture Slides of E-Commerce : Expensive Debt, Negotiate Down, Rate, Current, Avoid Bad, Lifestyle Pattern, Minimum Payments, Liquidate, Investment, Interest Rate
Typology: Slides
2012/2013
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How Can You Avoid Bad and
Expensive Debt?
Negotiate down the rate on your currentcredit card(s).
Eliminate the lifestyle pattern that lead to thedebt.
Pay more than the minimum payments.
How Can You Avoid Bad and
Expensive Debt? (cont’d)
Liquidate an investment, or savings, that ispaying less than the interest rate charged ondebt.
Try to find a cheaper source of money (homeequity loan, life insurance, friends or family).
Getting Started on Your Financial
Future
-^
Begin with a budget and a plan.
-^
Manage your cash – monitor bank fees and ATMcharges.
-^
Avoid “bad” debt; get rid of it if you have it.
-^
Build a safety net – health, disability, property andliability, and life insurance.
-^
Start investing for future goals.
-^
Take advantage of tax-favored retirement plans.
Nothing Helps Your Financial
Plan if You Procrastinate
THE MOST
IMPORTANT STEP!
Follow Axiom
Summary (cont’d)
Learn and implement the 12 decisions thatwill help you “choose wealth.”
Meet the financial challenge of controllingdebt; follow the 6 keys to successful debtmanagement.
Develop a basic financial plan for yourfuture….but remember to “Just Do It.”