Skip to main content
Sabiha Mukadam

Sabiha Mukadam

CFP and fee-for-service financial planner, Partner at Sage Collaborative Financial Planning (Ed Rempel), and co-host of the Unconventional Wisdom podcast.

Sep 23, 2026

1:37
Tell us more about that.
1:39
Yeah, so you categorize it into three main buckets.
1:42
Essential, uh, one, something which we will medium to long, and then something which we can just put away in long-term.
1:49
Like, that's not something you have to worry about right now.
1:51
So the essential one comes is, a lot of times when you are separating, uh, people get very...
1:57
Because, again, because they are carrying the financial burden singly, they get very think about using credit cards or credit lines when they actually need to pitch in for something, which is a snowball effect and they are just causing more problems for down the time.
2:10
So essential means whatever you need to get through day to day, that is something is essential debt.

7 MINS LATER

9:36
The forever question.
30:50
Tell us more about that.
30:51
Yeah, so you categorize it into three main buckets.
30:54
Essential, uh want something which we medium too long and then something which we can just put away in long term like that's not something you have to worry about right now so the essential one comes is a lot of times when you are separating uh people get very because again because they are carrying in the financial burden singly they get very think about using credit cards or credit lines when they actually need to pitch in for something which is a snowball effect and you're just causing more problems for down the time so essential means Whatever you need to get through day to day, that is something is essential debt.
31:29
You'll have to carry that debt.
31:30
And most of the time, it's temporary.
31:32
Because, you know, between figuring out what I need for rent or mortgage and everything, there's figuring out period, which is when you use your credit cards and stuff like that.
31:41
That's an essential debt.

7 MINS LATER

38:49
question.

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.