Back to Course

Managing Personal Finances

0% Complete
0/0 Steps
  1. Starting Your Budget
    11 Topics
  2. Investments & Assets
    4 Topics
  3. Managing Your Spending Ratio
    7 Topics
  4. Set Goals to Pay Off Debts
    7 Topics
  5. Pros and Cons of Credit
    6 Topics
Lesson 1, Topic 3
In Progress

Managing Your Debt

The ASJ Team
Lesson Progress
0% Complete
Private: Managing Personal Finances Starting Your Budget Managing Your Debt

Managing Your Debt

Reading

Let’s start with your debt.  Debt can be thought of as any amount of money you owe– be it a student loan owned by the government, a house payment owed to a mortgage company, to a car dealership for your new car, and so-on.  Both you and the debtor “own” this debt, and that debt can be sold to third parties or consolidated to make things simpler. Debt is not always a bad thing, as the money you can hold on-hand can earn you more money when invested, rather than paying off the loan in-full from the start. Having a healthy debt also helps you build credit, which can come in handy when getting more loans.

Tips

  1. Debt can take many forms, from education to houses.
  2. Debt can be sold to third parties, or consolidated.
  3. Debt can be used to earn money through investment.
  4. Debt can also help you build credit.

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .