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Gather all your information and make a plan.
Track your income and expenses
Set financial goals
Create a budget
Category | Cost | Percent |
---|---|---|
Rent / Mortgage | $600 | 20.00 |
Food | $150 | 5.00 |
Entertainment | $40 | 1.33 |
Medical | $250 | 8.33 |
Gifts | $41 | 1.39 |
Emergency | $83 | 2.78 |
Savings | $1,835 | 61.17 |
With the right terms, you could consolidate your unsecured debts into one manageable payment, lowering your overall interest rate and clearing the "clog." This step toward financial wellness can help you breathe easier and work toward your broader goals. Remember, just like your physical health, your financial health requires attention and maintenance. Take the first step toward a healthier financial future with a personal loan tailored to your needs.
Discover Personal Loan - What You Should Know Apply for a personal loan
Managing debt is the best way to find financial freedom. This Coach session acts as a virtual Debt Coach, providing useful strategies to manage your personal debt situation and create a plan to pay off your debts using the debt snowball or avalanche methods.
Step 1: list your debts by lowest to highest regardless of interest
Step 2: focus extra money on paying down the smallest debt
Step 3: take what you were paying on that debt and add it to minimum payment on next smallest debt
Step 4: repeat until you are completely debt-free!
Step 1: list your debts by highest to lowest interest rate
Step 2: focus extra money on paying down the debt that has the highest interest rate (this will often be credit cards)
Step 3: take what you were paying on that debt and add it to minimum payment on the debt with the next highest interest rate
Step 4: repeat until you are completely debt-free!
HELOCs are flexible and can be used to lower debt costs
Home Equity Loans make sense when you need a specific amount or can make a single payment
A good alternative when you don't have a lot of equity
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When it comes to earning extra income, you’ve got options—and those options have options! In this Coach session, walk through the ins and outs of extra income, including expenses and tax implications. To begin the Coach session, select Get Started. Next, follow along, answer questions, and provide information when asked.