Organize Your Debt

Saturday, February 6, 2010

What Is Next?

We have identified the need for some sort of organization in our finances and have suggested a budget.
Put your personal finances on sure footing by identifying your good debt/ bad debt.
Know what your mortgage cost are which includes principle, interest (the rate of interest), insurance, and taxes. What is it costing you to maintain your home?

Get your bad debt under control. Identify each item and know what you are paying each month.
Next you need to sort out what it is going to take to get rid of this bad debt. This will be the topic in our next entry.


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