Wednesday Workshop: Debt Detox

Date and Time


07/03/2024

Length

1 hour

Description

Listen to recording

Are you ready to take control of your financial future and eliminate debt for good? Join us for our upcoming Debt Detox Workshop, designed to provide you with the tools and strategies to become debt-free and achieve financial freedom. Here’s a sneak peek at what you can expect from this empowering session:

What to Expect 

Welcome and Introduction (15 minutes) 

  • Introductions: Facilitator(s) and participants briefly introduce themselves.
  • Workshop Objectives: Overview of workshop goals.
  • Icebreaker Activity: Participants share one financial goal or a challenge they face with debt.

Understanding Debt (10 minutes) 

  • Types of Debt: Credit card, student loans, mortgages, personal loans.
  • Good Debt vs. Bad Debt: Understanding the differences.
  • Impact of Debt: Psychological and financial effects.

Strategies for Reducing Debt (15 minutes) 

  • Debt Repayment Methods:
    • The SnowballMethod.
    • The Avalanche Method.
  • Debt Consolidation: Options and considerations.
  • Negotiating with Creditors: Tips and benefits.
  • Real-Life Examples: Brief success stories or case studies.

Creating a Personalized Debt Repayment Plan (10 minutes)

  • Setting Goals: Importance of realistic and achievable goals.
  • Budgeting for Debt Repayment: Allocating extra funds.

Maintaining a Debt-Free Lifestyle (5 minutes)

  • Healthy Financial Habits: Building and maintaining good habits.
  • Avoiding Debt Traps: Common pitfalls and how to avoid them.
  • Planning for Future Expenses: Importance of an emergency fund.

Conclusion and Next Steps (5 minutes)

  • Recap: Key takeaways from the workshop.
  • Action Items: Immediate steps participants can take.
  • Resources: Brief mention of useful tools, apps, and further reading

We can’t wait to see you at the Debt Detox Workshop! This is your opportunity to take control of yourfinances, eliminate debt, and pave the way to a brighter, debt-free future!

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