There are steps that you can't afford to neglet when reducing debt, to prevent the cow from stealing your hard earned cash:
1. Pay off your credit cards in full. If you can't afford to spend the money don't, wait until you have the cash in your bank. With credit card rates anywhere from ~18% - 25%, you can't afford to milk that cow.
2. Contribute to your retirement. If these contributions aren't already deducted from your salary, create your own plan. Put yourself first.
3. Create an emergency fund. Typically 3-6 months of your living expenses should be put aside yet again, for you!
4. Budget your money. Sometimes it takes recognizing where your money is being spent for you to acknowledge un-needed spending.
5. Pay down your loans in bi-weekly payments. Reduce the amount of interest you will pay over the term of your loan.
6. Make a habit to compare prices including your insurance. The market is competitive and prices WILL change.
7. Review your credit report. This is offered free once a year.
8. Invest. Invest. Invest.
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