Looking at Your Spending and Debt
- Is Your Spending out of Control?
- Your Consumer Debt Ratio
- Calculating Your Total Debt Ratio
- Why Have I Gotten Into Debt?
- Income and Expenses
- Figuring Out Your Paycheck
- Expenses Line by Line
- Constructing a Spending Plan
- Case Study: Jennifer–Things Gone Wrong and How to Fix Them
- Forecasting Income and Expenses by Age
- When You Have Too Much Debt
- Saving Money on Company Benefits
Why Have I Gotten Into Debt?
If you ask somebody why he or she has gotten into debt, you may get answers like these:
- I really don't know. I've just lost track of my spending.
- Convenience. I'm always rushed, so I buy things that will save me time.
- It is easy. The credit is there, so I use it.
- There are lots of things I want, and I hate to deprive myself.
- Everybody else does it. Why shouldn't I?
- I've had one or more emergencies in the past year that have gotten me into financial trouble.
- I can't stop spending.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a Registered Broker-dealer (Member FINRA/SIPC) and SEC-registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. General Electric Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.