10 Tips to Help Break The Debt Cycle
Mortgages, student loans, and car loans can add up to a considerable portion of your monthly expenses.
Add in credit card debt and unexpected financial emergencies, and it could feel like your debt is ever-growing.
Tips to Help Break The Debt Cycle
Credit cards can make it easy to spend money you don’t have, since you don’t feel the immediate effects of the money leaving your account or the cash leaving your hand.
Avoiding Credit Cards
Be honest with yourself and see if there is any opportunity for you to cut back.
You can’t predict the future, but you can do your best to prepare for it. For example, say your car breaks down and you’re unable to pay for repairs upfront.
Saving an Emergency Fund
Taking action by printing out your credit card statements and reviewing them closely can be a great first step toward getting credit card debt under control.
Reviewing Your Credit Card Statements
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