A lot of couples are struggling to make both ends meet inspite of the fact that both are employed. Why? Because of the monthly dues for debt payments. Is that your situation? We have experienced that. And we glad we were able to get out of it. We can coach you.
To manage our debts, we first made a conjugal decision to avoid borrowing and defined our target date for being debt-free. We reduced our credit cards from seven to three. We cut those that charged higher monthly interest rates and retained those with low interest rates and waived annual renewal fees.
We stopped charging to our credit cards for a couple of years and purchased with cash only.
Secondly, we listed all our credit card debts and detailed the amount and interest payments we have. We also listed our other loans, including those from friends and our respective offices. Then we made a priority list and target dates to close each of the debts. We used the worksheet below. This enabled us to see our debts clearly. This list also enabled us to create our priority list.
We stopped charging to our credit cards for a couple of years and purchased with cash only.
Secondly, we listed all our credit card debts and detailed the amount and interest payments we have. We also listed our other loans, including those from friends and our respective offices. Then we made a priority list and target dates to close each of the debts. We used the worksheet below. This enabled us to see our debts clearly. This list also enabled us to create our priority list.
If you want to know more, come to our FREE FINANCIAL COACHING
Contact me at 0920-902-1217 (Benj) , message me on this post, or email me at richbenj.santiago@gmail.com for your appointment at the 10th Flr of The World Centre, Makati!
Coach Benj Santiago
Head Coach and Founder
Truly Rich Makers in IMG
Author of Debt Destroyers
Certified Financial Educator
