Duration: 60 minutes

Agenda:

The webinar will start with an introduction that provides an overview of the session and its objectives, lasting about five minutes. This will set the stage for participants, highlighting the importance of debt management and what they can expect to learn. We will emphasize the emotional and financial impact of debt, encouraging participants to engage actively in the session.

Following this, we will discuss the various types of debt individuals may encounter, such as credit card debt, student loans, and medical bills, and their impact on finances for approximately ten minutes. This segment will help participants understand the different challenges associated with each type of debt and the importance of addressing them promptly. We will also share statistics on average debt levels to illustrate the scope of the issue.

Next, we will guide participants through the process of creating a personalized debt repayment plan, dedicating about fifteen minutes to this step-by-step approach. We will cover how to assess one’s total debt, create a budget, and set realistic financial goals. Participants will learn how to prioritize their debts based on interest rates and personal circumstances. We will provide examples of how to calculate monthly payments and adjust budgets accordingly.

This will be followed by an in-depth discussion of effective repayment strategies, specifically the Snowball and Avalanche methods, which will take another fifteen minutes. We will explain how each method works, their pros and cons, and provide real-life examples to illustrate their effectiveness. This will empower participants to choose the strategy that best fits their situation, and we will encourage them to share their thoughts on which method resonates with them.

In the next segment, we will highlight useful tools and templates that can assist participants in tracking their debt, covering this topic for about ten minutes. We will introduce popular debt management apps and spreadsheets, demonstrating how they can simplify the repayment process and help users stay organized. Participants will be encouraged to explore these tools during the session and ask questions about their functionality.

Finally, we will open the floor for audience questions during a five-minute Q&A session, allowing for direct interaction and clarification on any points discussed. This will encourage engagement and provide participants with the opportunity to seek personalized advice, ensuring they leave the webinar with actionable insights and a clear plan to tackle their debt.

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