Page 53 - Workbook1E

Debt is Like Financial Fat
Being in debt is like
being overweight—it’s
financial “fat.” Before
you can be financially fit,
you must first eliminate
any unhealthy excess.
Whatever the reasons for
debt, the same principles
for losing weight apply
to eliminating harmful
debt. To lose weight,
your desire to be healthy
must be greater than
your desire to eat fattening foods. It’s the same with eliminating debt— your desire to be debt free must be strong enough to overcome the temporary discomfort of learning new attitudes and habits.
Hope is Here!
Even though many problems come from heavy debt-strained finances, and related stress and worry... there is hope. You have the power to make changes in your financial life, get your finances in order, and build new habits which give you more freedom. These changes can improve more than just your life; they can help businesses, civic organizations, and even government. Big things often grow from small beginnings, and it’s best to begin with YOU right here and now.
B Discover Your
DEBT-FREE DAY
—Using Your Creditor Summary Sheet
Your Creditor Summary Sheet is an excellent tool to help you get out
of debt. You can use it to identify and work with your creditors as you strive to pay off your debts. Remember, a debt is any bill requiring more than 30 days to pay it in full. Your Creditor Summary Sheet guides you through a series of steps to help you to design and use an effective plan for getting out of debt.
Follow Along... In this section of the workbook you’ll follow the progress of a couple with even more debt than Dave and Marie. Erik and Tracy have an above-average income of over $100,000 a year. Sadly, in spite of their income, they’ve put themselves in more debt than they can manage. The good news is they are determined to live financially healthy and pay off their debt as soon as possible. Erik and Tracy have also committed to themselves not to incur any additional debt.
Discover Your Debt Free Day
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