8. Debt and Debt Reduction

Debt and Debt Reduction

Learning Outcomes

At the completion of this chapter, you will:
A. Understand the principles of using debt wisely
B. Understand the "debt cycle" and why people go into debt.
C. Understand how to develop and use personal debt reduction strategies
D. Know where to go for help if you get too far in debt

Chapter Reading

Please read the chapter on "Debt and Debt Reduction" (PDF)


Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.





Here are the assignments for "Debt and Debt Reduction"



The following learning tools may be helpful with this chapter:

PFP Student and Consumer Loans - Debt Reduction Template

Debt Elimination Spreadsheet with Accelerator

Debt Amortization and Prepayment Spreadsheet

Credit Card Repayment Spreadsheet



Additional Materials