Managing Your Debt
Abstract: The way out of debt is lighted by a clear understanding of the reasons people fall into the trap. In this lesson plan, you will get an introduction to how budgeting works and how to make it work for you. You will also learn some tips about taxes and inflation, as well as the Rule of 72, which can help you see where your money is headed in the future. You need to know how much debt you can handle and the difference between manageable and unmanageable debt. Once you have gotten your debt under control, the next step is getting your credit rating back on track. If you know whom to contact and what to say, you can do this on your own. The more you know about debt, credit, and how to manage them, the better off you'll be financially. Those are the topics of this lesson plan.