1. © Annie Patton Debt Next Slide

2. © Annie Patton Aim of Lesson To learn what debt is, plus how to avoid getting into debt and how to deal with it. Previous Slide Next Slide

3. © Annie Patton Debt One is in debt, when they owe something to someone or to a business. One is in debt, when they owe something to someone or to a business. Debt becomes serious when you are unable to pay that person or business on time. Debt becomes serious when you are unable to pay that person or business on time. Previous Slide Next Slide

4. © Annie Patton Reasons for Debt Illness Illness Unemployment Unemployment A drop in income A drop in income Increased expenditure Increased expenditure Just not enough money to meet your lifestyle Just not enough money to meet your lifestyle Relationship breakdown Relationship breakdown Previous Slide Next Slide

5. © Annie Patton How does one help their financial position, even if not in debt. Click here to see what the site below says about this. http://www.citibank.com/us/cards/cm/cntrol04.htm Previous Slide Next Slide

6. © Annie Patton Summary of how to help your financial position even if not in debt Make your own lunch and avoid eating out if possible. Make your own lunch and avoid eating out if possible. Use energy saving bulbs and switch of when not in use. Use energy saving bulbs and switch of when not in use. Have breakfast at home. Have breakfast at home. Avoid your regular treat. Avoid your regular treat. Give up smoking. Give up smoking. Previous Slide Next Slide

7. © Annie Patton How can one avoid debt? Click here to learn some ways to avoid debt. http://www.citibank.com/us/cards/cm/ht06.htm Previous Slide Next Slide

8. © Annie Patton Summary of how to help avoid debt. Sale items are not a bargain, if you did not need them in the first place Sale items are not a bargain, if you did not need them in the first place Consider do you really need those luxuries. Consider do you really need those luxuries. Buy a second hand car from a reputable garage. Buy a second hand car from a reputable garage. Check bills for errors. Check bills for errors. Do your own ironing and gardening. Make shopping lists and stick to them. Do your own ironing and gardening. Make shopping lists and stick to them. Compare prices before making big purchases. Compare prices before making big purchases. Buy used items and seconds when practical. Buy used items and seconds when practical. Wear clothes until they wear out. Wear clothes until they wear out. Previous Slide Next Slide

9. © Annie Patton What can one do if they find themselves in debt? Assess the situation Assess the situation Budget Budget Deal with the debt Deal with the debt Make payments Make payments Previous Slide Next Slide

10. © Annie Patton Who can help? (Money, Advice and Budgeting service) MABS this is a organisation with offices in many towns and cities that offer financial advice. (Money, Advice and Budgeting service) MABS this is a organisation with offices in many towns and cities that offer financial advice. Do the Debt quiz to learn more about them. Do the Debt quiz to learn more about them. Previous Slide Next Slide Debt Quiz

11. © Annie Patton The end What is the best way to avoid debt? Previous Slide