Debt Management
What is debt? Debt is carrying over a balance on a credit card from one month to the next. Also, a car loan and a mortgage are considered debt. When you pay less than the minimum payment and miss a payment, penalties usually occur, and this can lead to mounting debt consequences. When debt gets beyond your control, setting a debt management payment plan will help get you back on track.
Financial planning and budgeting are critical steps in planning your debt management strategy.
Savvy Ladies webinars, blog articles, and 1:1 Mentoring can help get you started understanding your debt and what strategies are right for you.
Credit Card Finance Charge Calculator
Understand Your Credit Card Monthly Payment Understanding Your Credit Cards What is credit? Credit is the immediate use of products, services, or money in exchange for the promise to pay in the future. We can access credit using credit cards, charge cards, retail...
Top Financial Questions from Black and African American Women, Answered
Jennifer Jonassaint, a Savvy Ladies Helpline Volunteer answers women’s financial questions submitted to the Free Financial Helpline In 2022, Black women earned 70% as much as White men, compared to a ratio of 83% for White women. The combination of racial wealth...
How to Pay Off Credit Card Debt
Overwhelmed by credit card debt? Read the advice from Savvy Ladies founder Stacy Francis, CFP®, CDFA below and create your own roadmap to get out of it! Want to learn more about credit card debt management? Take a free debt management course here! By Stacy Francis,...
Top 6 Tips for Improving Your Credit Score
By Stacy Francis, CFP®, CDFA According to myFICO, it’s important to note that repairing bad credit is a bit like losing weight: It takes time, and there is no quick fix. In fact, out of all of the ways to improve a credit score, quick-fix efforts are the most likely...
What You Need to Know About Credit
By Stacy Francis, CFP®, CDFA You sit down in your mortgage broker’s office because you can’t stand the news. Your credit is so bad you will not be able to secure a loan to buy the dream home you just bid on. Can you imagine? After months of taking time off work to run...
Different Types of Debt: Which Should I Pay Off First?
By Stacy Francis, CFP®, CDFA At a recent get-together at my parents house, one of their friends was excited to tell me his company had given him a substantial bonus – one that far exceeded his expectations. Thrilled to have a financial expert at the party, he asked...
Credit 101
Peter Mullen, Community Education Manager for the American Consumer Credit Counseling, lays out all you need to know about credit, including: What is Credit? How do you establish credit? What is good credit vs bad credit? How do I get my credit score? What do I need...
Understanding Debt
Savvy Ladies Volunteer Ashesh Shah, Financial Advisor & CERTIFIED FINANCIAL PLANNER™, discusses good vs bad debt, and your options to manage it. Originally live-streamed on February 1, 2023. About the Speaker Ashesh Shah, CFP® is a Bank Manager at PNC Bank, with...
How to Get in Financial Shape for a Mortgage
Looking to become a homeowner? In this 2-part webinar, mortgage consultant Deborah Cady and financial advisor Laurie Itkin, CDFA, help you get your finances ready to buy a house. This webinar is for anyone looking to purchase a home on their own, whether you are...
Strategies for Controlling Your Cash Flow
This session is for you if you: Are a owner of a small or mid sized business who not only wants to grow sales but more importantly keep more of what you make. Are using a PPP loan, EIDL loan or some other form of cash to currently fund your business and want to know...
Why It’s More Important Than Ever to Avoid Holiday Debt
We’re entering a holiday season like no other, and consumers are assessing how much they can afford to spend. With COVID cases trending upward across the nation and uncertainty continuing to prevail, going into debt as a result of holiday spending could be even more...
How to Build Credit While You’re Unemployed
While losing your job can certainly be detrimental to your finances, it does not make it impossible to build credit. Leslie will discuss strategies to continue – or start – building your credit, even while unemployed. In her early years, when missed student loan...
