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Debt - Money Munchkids

Debt

Debt is an amount we owe to others thus it is a crucial part of our finances and needs extra care to be managed. Knowing about good and bad debt, interest rates and various purposes of debt is useful for debt management. Learn more from our resources section.

External Sources

Money Munchkids is not affiliated with, does not benefit from promoting and does not endorse any of the website or companies listed below. We have placed them here purely for educational purposes.

Good Debt Vs. Bad Debt

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Debt, for many people today, is simply a fact of life. It’s the way they pay for just about everything from big-ticket items like homes and cars to daily purchases like gasoline and chewing gum.

 

10 Mistakes People Make When Paying Off Debt

Stressed Woman with Paperwork

The decision to get yourself out of debt is a life changer, if you are willing to make the necessary commitment that goes with that. It’s possible – if not probable – you’ll make some mistakes along the way. Here are some you can avoid that will make it easier to get out of debt.

The Ultimate Guide to Paying Off Student Loans

One thing we can all agree on: Paying off student loan debt isn’t fun. Fortunately, you have lots of great options for paying off student loans faster. Here’s our guide to paying off student loans faster with 15 strategies that will work for just about anyone.

 

Tactics to Deal With Medical Debt

A stethoscope sits atop an outstanding medical bill

Medical bills were the cause of 62 percent of bankruptcies in 2007, according to a study by the American Journal of Medicine. Needless to say, medical debt is a serious issue in the United States. Here’s a guide to help manage your health debts without before it pushes you to bankruptcy.

Mobile Apps

Money Munchkids is not affiliated with, does not benefit from promoting and does not endorse any of the website or videos listed below. We have placed them here purely for educational purposes.

Debt Planner and Calculator 

Image result for Debt Planner & Calculator with Banking Ledger

This android debt management app sorts and plans your debts with suggestions on getting out of debt faster. The free version strategy pays off lowest to highest debt in order while the upgraded version for $1.99 provides more features like payment strategies, debt reminders etc.

Debt Free

Debt Free iOS App

The Debt Free app for iOs helps to remove your debt using the debt snowball technique. They provide a clean user interface and suggests various strategies to pay once you have entered your debts information. Other features include payment alerts, loan and mortgage calculator et. for al 99¢ USD.

Books

Money Munchkids does not have an official partnership with any of the brands, authors or publishers below. Money Munchkids retains the right to utilize an affiliate link.

Debt Proof Your Kids

What grade would you give your parents for how well they prepared you to manage your finances? What grade will your kids give you someday? At best you have 18 years to teach your kids how to manage money skillfully. Think it’s too late to debt-proof your kids? It’s only too late if you don’t start NOW!

Credit Card Debt-Free For Life

Credit Card Debt-Free For Life: 5 Effective Steps on How to Get Out of Credit Card Debt in Just 5 Weeks (Debt Free, Debt Management, Credit Card-Debt Free ... Strategies, How to Get Out of Debt Forever) by [Andrews, Martha]

In this book, let’s talk about how you can crush your credit card debt and start to regain the control of your life. You are a few pages away to reaching financial freedom. Now is the time to take action.

Videos

Money Munchkids is not affiliated with, does not benefit from promoting and does not endorse any of the website or videos listed below. We have placed them here purely for educational purposes.

How I Paid off 97000 in Student Loans in 4 Years

How To Start Paying Off Debt