Week 4 – Use Debt Responsibly

by Steve Georgoulakis, CFP® on Tuesday January 23, 2024
Posted in Category: Debt, Wallet Workouts

Wallet Workouts

Stay strong with your New Year’s resolutions!

Learn how to flex on your debt.

This week’s workout:

Use Debt Responsibly

  • Find financial balance and strength by using debt wisely. Like yoga – responsible debt management takes financial flexibility, consistency, and strength.
  • Start practicing these debt moves now to improve your credit reputation, save money, and reduce your financial stress.

 


Person rolling yoga mat

Move 1

Roll out your financial yoga mat and take note of all your debt balances, interest rates, minimum payments, and due dates.



Woman meditating

Move 2

Remain tranquil and contact your creditors. Ask about lowering interest rates, balance transfer options, and other ways to reduce interest costs.



Man and woman doing yoga

Move 3

Become one with your budget to unleash extra dollars to pay back debt.



Man doing yoga

Move 4

Stretch extra dollars wisely using the Debt Snowball or Debt Avalanche repayment strategy.




 

Man doing yoga

Move 5

Transcend your debt and become a Debt Destroyer®. This program will help you get out and stay out of debt.




Join us for 7 Wallet Workouts

ACHIEVE FINANCIAL FITNESS LIKE NEVER BEFORE!

Jan. 3 Have a Financial Game Plan

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Jan. 10 Spend Less than You Earn

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Jan. 17 Save for Emergencies

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Jan. 24 Use Debt Responsibly

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Jan. 31 Protect Your Life, Loved Ones & Possessions

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Feb. 7 Save and Invest for Your Future

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Feb. 14 Rest & Recovery

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Feb. 21 Prepare Your Legal Documents

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