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Managing Debt

This course is aimed at anyone who has debt, is thinking of taking on debt, or wants to better understand debt as part of your overall financial picture. It covers a variety of debt types, as well as debt payment options. The course will help you assess your current debt situation and understand the paths to paying off your debt. This includes categories such as mortgages, credit card debt, and student loans. Learn how to differentiate between good and bad debt, as well as how to think about debt as you work towards your financial goals. This course is geared towards learners in the United States of America.

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What's inside

Syllabus

Understanding the Basics of Debt and Home Loans

This module will help you understand the difference between good and bad debt, the cost of debt, and the important factors that go into buying (and then owning) a home.

Addressing Student Loan Debt

This module will help you understand the different kinds of student loans and the pros and cons of each. It will also help you understand payment options and the impact of refinancing student loan debt.

Managing Credit Cards and Other Debt

This module will help you understand credit cards, auto loans, and personal loans.

Paying Down Debt Strategically

This module will help you understand strategies to pay down debt, how to determine which strategy is right for your personal situation, and ways to implement your chosen strategy.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Develops strategies to pay down debt, which is a core skill for financial management

Examines different types of debt, which is highly relevant to financial planning

Teaches how to assess personal debt situations, which helps learners make informed financial decisions

Taught by Brian Walsh, who is recognized for their work in personal finance

Provides guidance on differentiating between good and bad debt, which is useful for personal growth and development

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Reviews summary

Debt management guide

Learners say this debt management guide provides an extraordinary learning experience that is fantastic for getting out of debt. Theories and examples in the course are described as simple, but instructors are described as sometimes monotone.

Examples are described as simple.

"Examples are very simple."

Content is described as extraordinary for getting out of debt.

"More thank Fantastic"

"Extraordinary! Great way to learn how to get our of the Debt from different theories."

Instructors are sometimes monotone.

"The course is getting boring as instructors talked with a monotone."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Managing Debt with these activities:

Review Credit Basics

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Review the basics of credit and debt to be prepared for the course's content.

Browse courses on Credit Cards

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Define and understand credit and debt.
Review different types of credit.
Review interest rates and terms.

Read 'The Total Money Makeover' by Dave Ramsey

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Review a popular book on debt management to gain practical tips and strategies.

View The Total Money Makeover Updated and Expanded:... on Amazon

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Read the book and take notes on key concepts.
Apply the principles to your own financial situation.

Learn About Different Types of Mortgages

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Research and explore different types of mortgages to better understand your options when buying a home.

Browse courses on Mortgages

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Research and compare interest rates.
Review loan terms and conditions.
Consider down payment options.
Calculate monthly mortgage payments.

Four other activities

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Join a Debt Support Group

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Connect with others who are also managing debt to share experiences and provide support.

Browse courses on Peer Support

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Find a local or online debt support group.
Attend meetings and participate in discussions.
Share your experiences and learn from others.

Volunteer at a Credit Counseling Agency

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Gain practical experience and learn about debt management by volunteering at a credit counseling agency.

Browse courses on Volunteering

Show steps

Find a local credit counseling agency.
Contact the agency and inquire about volunteer opportunities.
Attend training and orientation.
Assist clients with debt management and financial planning.

Create a Budget to Manage Debt

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Develop a personalized budget to track and control your spending and debt repayment.

Browse courses on Budgeting

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Track your income and expenses.
Identify areas where you can cut spending.
Allocate funds to debt repayment.
Monitor your progress and adjust as needed.

Practice Debt Repayment Strategies

Show steps

Work through practice problems and scenarios to reinforce your understanding of different debt repayment methods.

Show steps

Solve problems using the debt avalanche method.
Solve problems using the debt snowball method.
Compare and contrast the two methods.

Career center

Learners who complete Managing Debt will develop knowledge and skills that may be useful to these careers:

Personal Banker

A Personal Banker provides financial services to individuals and families. Personal Bankers play a vital role in helping clients manage their finances and achieve their financial goals. This course may be helpful for Personal Bankers, as it can help them better understand the different types of debt and how to provide sound financial advice.

See salaries and explore the career path for Personal Banker

Wealth Manager

A Wealth Manager provides comprehensive financial planning and investment management services to high-net-worth individuals and families. Wealth Managers play a vital role in helping clients achieve their financial goals and preserve their wealth. This course may be helpful for Wealth Managers, as it can help them better understand the different types of debt and how to develop and implement investment strategies for clients.

See salaries and explore the career path for Wealth Manager

Tax Accountant

A Tax Accountant prepares and files tax returns for individuals and businesses. Tax Accountants play a vital role in helping clients comply with tax laws and regulations. This course may be helpful for Tax Accountants, as it can help them better understand the different types of debt and how to advise clients on tax planning and compliance.

See salaries and explore the career path for Tax Accountant

Mortgage Banker

A Mortgage Banker originates and processes mortgage loans for individuals and families. Mortgage Bankers play a vital role in helping borrowers obtain financing to purchase homes. This course may be helpful for Mortgage Bankers, as it can help them better understand the different types of debt and how to originate and process mortgage loans effectively.

See salaries and explore the career path for Mortgage Banker

Financial Analyst

A Financial Analyst provides financial advice to individuals and businesses. Financial Analysts play a key role in helping clients make informed decisions about their finances. This course may be helpful for Financial Analysts, as it can help them better understand the different types of debt and how to provide sound financial advice.

See salaries and explore the career path for Financial Analyst

Financial Planner

A Financial Planner helps individuals and businesses plan and manage their finances. Financial Planners play a vital role in helping clients achieve their financial goals. This course may be helpful for Financial Planners, as it can help them better understand the different types of debt and how to develop and implement financial plans.

See salaries and explore the career path for Financial Planner

Credit Analyst

A Credit Analyst assesses the creditworthiness of individuals and businesses. Credit Analysts play a vital role in helping lenders make informed decisions about lending money. This course may be helpful for Credit Analysts, as it can help them better understand the different types of debt and how to assess the creditworthiness of borrowers.

See salaries and explore the career path for Credit Analyst

Auditor

An Auditor examines and evaluates the financial records of organizations to ensure accuracy and compliance with regulations. Auditors play a critical role in ensuring the integrity of financial reporting. This course may be useful for Auditors, as it can help them better understand the different types of debt and how to assess the financial health of organizations.

See salaries and explore the career path for Auditor

Real Estate Agent

A Real Estate Agent helps individuals and families buy, sell, and rent homes. Real Estate Agents play a vital role in helping clients navigate the real estate market. This course may be helpful for Real Estate Agents, as it can help them better understand the different types of debt and how to advise clients on financing options for purchasing or refinancing homes.

See salaries and explore the career path for Real Estate Agent

Loan Officer

A Loan Officer originates and processes loans for individuals and businesses. Loan Officers play a vital role in helping borrowers obtain financing. This course may be helpful for Loan Officers, as it can help them better understand the different types of debt and how to originate and process loans effectively.

See salaries and explore the career path for Loan Officer

Consumer Credit Counselor

A Consumer Credit Counselor provides guidance and support to individuals and families who are struggling with debt. Consumer Credit Counselors play a vital role in helping clients develop and implement debt management plans. This course may be of interest to Consumer Credit Counselors, as it can help them better understand the different types of debt and how to assist clients in managing debt effectively.

See salaries and explore the career path for Consumer Credit Counselor

Accountant

An Accountant manages the financial records of a business. Accountants play a vital role in helping businesses make informed decisions about their finances. This course may be helpful for Accountants, as it can help them better understand the different types of debt and how to manage it effectively.

See salaries and explore the career path for Accountant

Budget Analyst

A Budget Analyst develops and analyzes budgets for organizations. Budget Analysts play a key role in helping organizations plan and manage their financial resources. This course may be helpful for Budget Analysts, as it can help them better understand the different types of debt and how to develop and manage budgets effectively.

See salaries and explore the career path for Budget Analyst

Financial Advisor

A Financial Advisor provides financial advice and services to individuals and families. Financial Advisors play a vital role in helping clients achieve their financial goals. This course may be of interest to Financial Advisors, as it can help them better understand the different types of debt and how to advise clients on managing debt and achieving financial security.

See salaries and explore the career path for Financial Advisor

Debt Collector

A Debt Collector attempts to collect outstanding debts from individuals and businesses. Debt Collectors play a vital role in helping businesses recover unpaid debts. This course may be of interest to Debt Collectors, as it can help them better understand the different types of debt and how to collect debts effectively.

See salaries and explore the career path for Debt Collector

Reading list

We've selected 11 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Managing Debt.

The Momentum Theorem

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Companion guide to the popular Financial Peace University program. It provides step-by-step guidance on creating a budget, getting out of debt, and building wealth. It complements the course's teachings on debt management strategies.

Managing Debt

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What's inside

Syllabus

Good to know

Save this course

Reviews summary

Debt management guide

Activities

Career center

Reading list

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