Webinar Available for On-Demand Viewing
Budgeting and Debt Management
Presented by Cambridge Credit Counseling, provider of the Student Loan and Credit Counseling benefit and Debt Management Program
Presenter: Gordon Oliver
Drowning in Debt Due to Overuse & Abuse of Credit Cards?
If you answered “yes” to the above question, you’re not the only one. In Q4 2022, many consumers turned to a range of credit products to alleviate financial pressures driven by rising interest rates and high inflation, according to TransUnion’s Q4 2022 Quarterly Credit Industry Insights Report (CIIR).
Budgeting is Key
Many people who overuse and abuse credit cards don’t always realize they’re overspending until they’re drowning in debt. Personal debt is at a crisis point and people are looking for ways to get out of debt as quickly and as easily as possible. So where does one start?
A budget helps create financial stability by taking into account future income and expenses for a specified period of time—usually a year. This budget keeps your spending in check, to ensure you’re saving for the future, and keeps you from overspending.
Debt Management Planning is a Solution
Your goal is good financial health achieved by using credit wisely and sparingly. To reduce debt, you need a debt repayment strategy. Debt management plans are designed to provide a safe, effective way to pay off your debts in the shortest time possible.
Participate in this on demand recording and learn:
- How credit usage is impacting your ability to save
- How to prioritize debt by type
- Basic budgeting guidelines you can follow to control credit card usage
- Basic debt reduction strategies to help pay off outstanding debt
- The importance of having a sound financial game plan
Please forward the video to the 8 minute mark which is approximately where the presentation begins.
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