Debt Management

Debt management involves strategies for borrowing responsibly, understanding loan terms, maintaining good credit, and developing payoff plans to minimize interest costs.

Debt Payoff Strategies

Debt payoff strategies like the avalanche method (highest interest first) and snowball method (smallest balance first) systematically eliminate debt while minimizing costs or building momentum.

Types of Loans

Loans are borrowed sums of money that must be repaid with interest, including mortgages, auto loans, personal loans, and student loans with varying terms and rates.