This video covers the following learning objectives:
Explain how to manage debt
This learning objective is addressed through:
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Understanding how debt affects both cash flow and credit score
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Identifying warning signs of poor debt management
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Explaining and comparing common repayment strategies:
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Debt Snowball
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Debt Avalanche
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Consolidation Loans
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Providing guidance on when to prioritize debt repayment vs. saving
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Offering a real-life Excel-based example of building a repayment plan
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Introducing resources such as nonprofit credit counselling agencies
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