First thing first - know what you owe   
Author: Matthew Rankin

July 11, 2007

Posted in Debt Management | |

The key to any financial problem is knowledge. Without a clear understanding of what you need to achieve, you will most likely not reach your goal. This is just as true about debt management as is it about wealth creation. Here are a few easy steps to take to start taking control of your debts:

  • If you haven’t already, make a list of all your creditors (people/financial institutions) that you owe money to.
  • Next to each of your creditors write down how much you owe each of them in total - i.e. the balance outstanding
  • Write down what the minimum payment is to each of your creditors
  • Lastly, write down what the interest rate you’re being charged by each of your creditors is (do this as an annual percentage rate)

    • Now that you have all of this information written down, you are in an excellent position to be able to start taking control of your debts!

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    The Debt Weblog is Born!   
    Author: Matthew Rankin

    July 10, 2007

    Posted in Gerenal/Off Topic | |

    This is the first post on The Debt Weblog. Over the coming days, weeks & months there will be many articles, tips and tricks relating to debt management, debt consolidation & even wealth creation!

    Please consider subscribing to this blog to receive all the latest posts in your email.

    More soon…

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