Strategies for Reducing Household Debt provides participants with actionable insights and tools to effectively manage and reduce their personal financial liabilities. The course emphasizes hands-on learning through project-based activities that encourage participants to apply concepts directly to their financial situations. By engaging in interactive discussions and collaborative projects, learners will develop a comprehensive understanding of household debt dynamics and effective budgeting techniques.
Throughout the course, participants will explore various strategies to identify, assess, and mitigate household debt. The curriculum is designed to equip individuals with the skills necessary to create sustainable financial plans. Participants will also have the opportunity to publish their findings and strategies in Cademix Magazine, contributing to a community of informed financial decision-makers.
Understanding the fundamentals of household debt
Analyzing personal financial statements
Techniques for effective budgeting and expense tracking
Identifying high-interest debt and prioritizing repayment strategies
Exploring debt consolidation options and their implications
Developing a savings plan to prevent future debt
Utilizing financial tools and apps for better management
Strategies for negotiating with creditors
Understanding credit scores and their impact on financial health
Final project: Creating a personalized debt reduction plan