Last week we held a free member workshop called, “Power Over Debt: Break the Debt Cycle.” Here are some quick takeaways for those of you who couldn’t make it.
Four Tips to Tackle Debt:
- Know what you owe – Be sure to know who you owe, your balances owed, and your interest rates.
- Change your credit card habits – If you’re serious about getting out of debt, do not add any new debt.
- Pay down your debt – Put as much money towards the highest-interest debt first, while making the minimum payments on all other debts.
- Find extra cash to pay off debt faster – Contact the credit union for a free credit analysis.
We’ll be posting the date of our next workshop very soon. The topic is “Home Buying – Preparing Your Finances.”