- News and Events
Youth Retreat - Income Generating Skills Training
PBS organized A Retreat and Training for Youths at Gethsemane Resource And Trainings. The Retreat was a one day event April[...]
Trainings at Nemel Pharmaceutical,Enugu
PBS facilitated a month (four weekends) training for the staff of Nemel Pharmaceutical on Saturday 16 February - Saturday 16 March 2013. The focus [...]
- View All News
Eliminate Your Debts
There are two types of debt – good debt and bad debt. Good debt helps you increase your wealth while bad debt works hard toward impoverishing you. It is therefore important that you are able to differentiate between bad debt and good debt. This distinction will help you to determine which debts to eliminate and which ones to retain and maybe increase.
Once you have determined the bad debts that must be eliminated, the next thing to do is to review your spending plan. If you do not have a spending plan we can give you a template you can use. With the spending plan you will be able to find the right balance between income and expenses.
Many people usually assume that their income cannot cover their expenses. This assumption is what gets people into a nasty debt situation in the first place. Your spending plan will show you the necessary adjustments you need to make in your lifestyle in order to get out of debt. Once these lifestyle adjustments are made and maintained, the rest is a piece of cake.
To make smart choice about your debt situation you need to understand the following:
1. The different types of debt.
2. What debts do you need to eliminate.
3. How to develop a spending plan
4. How to develop a debt payment plan
5. How to negotiate with your creditor
6. How to be disciplined with your plans.
Get Our Free Video Trainings:
Take advantage of our free video trainings on:
Ask Our Debt Elimination Consultant:
Do you need help eliminating all your debts?
Do you know how to eliminate all your debts using only your current income?
Get help from our help forum. We will answer all your questions.
Debt Elimination Resources:
Our library of web resources and tools specialy selected and recommended by our Debt Elimination Consultants.
The presentation was greatly informative and the in-depth practical demonstrations.
- Dr. Chukwuyama Ejiofor (Accident and Emergency Dept, UNTH, Enugu)
Fantastic, knowledgeable, educative and it was a real life study.
- Nwaneri M.A (PHCN,Onitsha)
I understood how I can bring out the best in me and build my career. I will like to attend more
- V Ochuko (Oceanic Bank Plc, Lagos)