Debt Reduction Strategies
Debt happens to most people at some point in their lives.
At Redwing Financial, we feel that whether your debt is in the form of a high-interest credit card (perhaps several of them), an auto loan, or even a low-interest, governmentally-subsidized educational loan, it is wise to pay off your debts as quickly as possible. Setting money aside for goals while incurring interest on debts owed can turn into a crippling financial cycle for many, resulting in the mindset of, "I will never be out of debt, so why does it matter how much I have?"
Once you are debt-free, the money you save is your own to set side towards a whole host of future goals, rather than having to use it to peck away at the financial obligations of your past.
We utilize various tools to determine the most cost-effective and often the fastest debt reduction strategy for each individual, family or business. In the process of designing the debt reduction strategy, we will explore your income and expense ratios, often developing a highly disciplined yet realistic budget set on seeking to meet the goal outlined in the strategy in the shortest possible timeframe. We additionally discuss both temporary and permanent lifestyle modifications through this process as a means to ensure that once you are debt-free, you have the tools and discipline necessary to help prevent a possible financial relapse.
Our primary goal is your long-term financial security and well-being.
Contact us for a free consultation to see if we may be able to help.