MODULE 6
1. How Debt Affects You
Debt Can Be Soul Crushing
It can keep you up at night, put a strain on your relationships, and really affect your overall mental health. If you’re struggling to pay off what you owe, there are plenty of ways to get on top of your situation. In this module, you’ll explore three different debt repayment methods. I’ll give you pros and cons of each one, and then follow with an example.
What Is Debt?
Debt includes anything you owe to any person or business. It’s money you’ve borrowed and must pay back. This can include student loans, car payments, personal loans, mortgages, and credit cards.
List Your Debts
Take a moment to create a list of everything you owe. Don’t forget any credit cards or loans. You’ll organize this list in different ways depending on the strategy you’re using. In the next lessons, we’ll cover different repayment methods.