Managing Debt Paper

User Generated

Enrtnaznzzn

Business Finance

Description

Develop a plan for managing your debt. How many sources of debt do you current have, and what are the balances owed on each? What specific behavioral steps do you personally need to take to match your debt aspirations with your debt reality? How will you practically implement these steps?

Criteria:

The requirements below must be met for your paper to be accepted and graded:

  • Write a minimum of 400 words (approximately 2 pages) using Microsoft Word.
  • Attempt APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 60% of your paper must be original content/writing.
  • No more than 40% of your content/information may come from references.
  • Use at least two references from outside the course material, preferably from EBSCOhost.
  • Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.
  • Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.
  • Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc.

Unformatted Attachment Preview

Car Debt-11,000 Credit Card Debt -3,500 House Debt-145000 Student Loans-55000 (I need to stop making random spur of the moment purchases, No starbucks, Having kids earn more instead of getting toys all the time, Less eating out. Buy clothes only when necessary, cut back on food cost)
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Explanation & Answer

Thank you so much.

Running head: Debt Management

1

Debt Management:
Name:
Institution affiliation:
Date:

Debt Management

2

The key term of overseeing debt is to identify how to manage income & expenditure.
I should keep the record of income & expenditure. I have 4 sources from which I obtained
debt from. These sources are:
Car Debt-11,000
Credit Card Debt -3,500
House Debt-145000
Student Loans-55000
The student loans taken from bank is amount of $55000 and should be paid with 5%
interest. The car debt is $11000, Credit Card Debt is $3,500 while House Debt is $145,000.
All these three debts have no interest required. Following ...


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