Borrowing: How to Finance Wisely

 BUDGETING
Creating a Spending Plan
SAVING
Planning the Expected and Unexpected
 BORROWING
How to Finance Wisely


If the idea of taking on debt makes you nervous, you’re not alone.  Financing a large expense, like an education or a home purchase, can be an overwhelming and daunting experience.

While access to debt can help you better manage expenses, taking on too much debt can quickly lead to financial instability. By evaluating multiple borrowing options, assessing risk, and taking a deep look at your long-term finances, you can work toward ensuring any debt you assume is done so wisely.

 

Debt can be complicated, but the resources below will help you gain a better understanding of the risks and benefits of financing your expenses through borrowing:  

 

General Resources

Ohio State University Extension

U.S. Federal Trade Commission

 

Debt Management Strategies and Tools

Ohio State University Extension

U.S. Federal Trade Commission

U.S. Consumer Financial Protection Bureau

U.S. Securities and Exchange Commission