Your Education. Your Confidence.

Today people struggle with overspending and balancing a checkbook. Many people live outside their means and struggle to maintain a healthy level of savings. When the financial industry shifted from products to financial planning back in the 1970s there was a large emphasis placed on budgets. If you’re like myself, budgeting can seem daunting, exhausting, and ineffective. There are variations such as the envelope system, limiting how much is spent in each category, and freezing credit cards to only spend cash.

Short term debt is anything except mortgages. This includes auto loans, credit cards, personal loans, equity lines, and student loans. Sometimes student loans can be perceived to be long term debt because the high amounts borrowed and not enough cash flow to pay them off during the standard payment period (these loans will be discussed in a future post).