Managing Debt

Find out ways of avoiding debt. If you are already in debt, find out about all your available options.
Rating: 4.1 out of 5 (328 ratings)
13,910 students
Managing Debt
Rating: 4.1 out of 5 (328 ratings)
13,911 students
Learn how to manage credit card debt
Learn how to borrow money legally
Learn more about bankruptcy

Requirements

  • Internet access
  • Computer or Smart Phone
  • Basic knowledge of spreadsheets
Description

Many people borrow money at certain points in their lives, usually when their savings are not enough to pay for “big-ticket” items such as a HDB flat or a car. In such cases, borrowing money to buy important items like a home may be necessary.

Borrowing is also a major responsibility as too much debt can easily get us in trouble. The number of persons seeking counselling for debt issues is already increasing every year, and credit card debt in Singapore is one of the fastest growing forms of debt which has grown at an average rate of 11.5% a year (Credit Bureau Report 2011).

Learn about how to avoid the debt trap. If you are already in debt, find out all your available options:

  • What to do immediately when you are in debt?
  • How can you reduce your credit card debt?
  • Working out your financial ratios.
  • Do's and Don'ts when you are in debt.
  • Bankruptcy as a last resort.
  • Find out the best way to borrow money legally.

Learn how to work out your own financial ratios to see if you are borrowing to much. Learn how to reduce your credit card debt and calculate how much debt you can actually afford.

Find out what you can do if you are already in debt in order to choose the best possible option. Also, learn how to borrow money effectively and wisely. Handle your credit card statements well.


Who this course is for:
  • Working Adults
  • Students
  • Anyone interested in managing debt and personal finance
Course content
5 sections • 20 lectures • 50m total length
  • Introduction
    01:24
  • MoneySENSE Core Financial Capabilities Framework
    01:33
  • How To Avoid Debt
    04:44
  • Example On How Your Credit Card Debt Can Be Reduced
    01:34
  • Working Out Your Own Ratios
    03:39
  • Notes: How Much Debt Can You Afford
    01:42
  • Use Your Credit Cards Wisely
    01:38
  • Amrin Amin speaks on the Importance of Financial Literacy
    04:49
  • What To Do Immediately When You Are In Debt
    02:39
  • Notes: What To Do Immediately When You Are In Debt
    01:06
  • Common Debt Collection Process
    03:53
  • Do's and Don'ts When You Are In Debt
    01:10
  • Options When In Debt
    04:02
  • If You Need To Borrow
    03:06
  • Understanding Your Credit Card Statement
    04:44
  • Lending To Friends And Relatives
    01:58
  • Bankruptcy As A Last Resort
    02:07
  • Signs Of A Possible Gambling Problem
    02:20
  • Conclusion
    00:36
  • How to you fare on the debt-o-meter?!
    5 questions
  • Additional Resources
    01:40

Instructors
Financial Literacy Trainer
Peggy Chan
  • 4.1 Instructor Rating
  • 5,803 Reviews
  • 84,729 Students
  • 14 Courses

Peggy Chan, Financial Literacy Trainer, Institute for Financial Literacy

MSc, CFP

Peggy has 8 years of experience in the financial services industry, helping clients understand their financial needs, objectives and risk tolerance as well as reviewing company policies and procedures to ensure compliance. She was also an adjunct lecturer with a Polytechnic, teaching insurance and retirement planning subjects.

Prior to joining the financial services sector, Peggy was working in the information technology sector for 13 years, first in a government agency and subsequently served as a Senior Systems Analyst in an international bank.

She is a Certified Financial Planner, which is a professional certification specific to retirement planning and wealth accumulation in addition to overall financial planning.

Peggy has a Masters of Science, majoring in Network Management. She also holds other industry certification in M5, M8, M8A, M9 and HI.

Unbiased Financial Education Courses
Institute for Financial Literacy
  • 4.1 Instructor Rating
  • 8,844 Reviews
  • 116,395 Students
  • 26 Courses

  The Institute for Financial Literacy is a collaboration between MoneySense and Singapore Polytechnic Enterprise. 

    Our financial education courses cover basic money management, financial planning and investment know-how.