In this guide, you’ll:
You may find yourself in debt for the first time, or maybe you’ve been here before – after all, debt is something that can happen to anyone at any time. But it’s also not a death sentence, and you are absolutely capable of digging yourself out and continuing on to reach your financial goals.
We’re going to start you out with the absolute bare necessities: understanding your credit score and building a budget. While you may be tempted by bloggers offering miracle debt solutions, these just don’t work. We’ve broken everything down into simple worksheets so that you don’t need to worry about the math, just follow our steps and we’ll point you in the right direction.
After we’ve armed you with the basics, we’ll determine why you’re in debt. We strongly believe that debt is just a symptom of a greater problem, and that identifying the source is the first step to being debt-free. You may already know why you’re here, but if not we’ve designed a short questionnaire that will diagnose and prescribe you a financial treatment. Then you’ll just need to read through and follow the suggestions in your assigned section – we’ve already done the legwork for you.
Finally, we’ll look at the best offensive strategies for tackling that debt. This may involve following a strict budget, taking advantage of balance transfer deals and personal loans, negotiating, or bankruptcy. No matter what path you choose, we’re here to support and help you along the way.
At WalletPath, we strive to educate the average consumer about their debt and how to ultimately reach their financial goals. Unfortunately, we feel that the current financial landscape is built on exclusionary, complicated strategies that prevent the average person from feeling confident in their ability to control their financial journey. Our goal is to push back against this trend by creating content designed to both inform and empower readers.
We aim to be approachable and fun, because we want you to feel comfortable turning to us when you have questions or find yourself in a financial pickle. We’re built on experience – although we may seem like experts now, we’ve lived through our own financial struggles at one point or another – and that’s what makes us a perfect fit for the average consumer. We’re not here to talk down to or scold you for poor decisions, we’re here to acknowledge that mistakes happen and then help you fix them without judgement. We’ve been in your shoes before, so you can trust we have your best interest in mind.
We also don’t believe you need a degree in microeconomics to manage your personal finances, and that’s why this guide was created. We wanted to create a simple, easy-to-understand guide for anyone suffering from credit card debt, paying off a mortgage, worried about paying their taxes, or just plain confused about this whole budgeting thing. We believe that we’ve succeeded, but why don’t we step back and let you be the judge.