intro to managing debt

Managing Debt

Having debt is natural in today’s day and age :cry: We can help you think through both the “good” and “bad” debt and how to go about managing each.

Check out below for some specific debt-related topics that we help our members with:



What is financialfootprint?


Growing Your Credit Score

Growing My Credit Score

Knowing one’s credit score is super important nowadays since your credit score will be checked when you apply for a loan of any sort, apply for a job, rent an apartment, etc. 

  • Credit Scores are used to determine what kind of loan you qualify for, how much credit you can have and what your interest rate will be on a loan
  • Credit scores range from 300 to 850, the higher the score the better
  • Grow your credit score by paying off debt on time, keeping your credit usage to 30% or less of your credit limit and managing different types of credit (student loans, mortgages, credit cards)


Financing a Car Pic

Financing My Next Car

There are a number of things to think about when considering buying versus leasing a car:

  • Factor in your existing financial situation (how much you can afford to put down today and pay each month?)
  • How much mileage do you intend to put on the car?  It matters!
  • Would you like a brand spanking new car after a couple of years?


Student Loan Repayment

Paying Off Student Loans

When it comes to paying back your student loans it is important to:

  • Build a budget to identify what you are comfortable paying back every month (both now and in the future)
  • Make sure to reach out to your lender to discuss repayment options
  • Figure out how many loans you have, how much you owe on each loan and what the interest rates are for each