Managing Debt

Why should you care about debt management? 

Debt can be a powerful tool to help you make purchases you otherwise couldn't afford. It can also quickly spiral out of control if not managed properly. 

Basic debt management skills will help you make smart decisions when borrowing money and reduce the amount of interest you pay. 

How do you properly manage debt?

For the average U.S. adult there are two main things they need to understand to properly manage their debt.

• How interest is charged on the money they borrow

• How to strategically pay back their debt