Why You Should Pay off Loans as Fast as Possible

Start by determining how much extra you can pay each month. Next, decide whether you want to pay down your debt starting with the smallest balance and highest interest rate combined – generally the best choice. Then, make your minimum payments including the amount extra you have allotted for that credit card or debt. When a debt is paid off, apply what you have been paying to the next debt.

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7 Reasons Why You Should Have an Emergency Fund

Having an emergency fund can assist you when you incur an unplanned expense while paying off existing debt. You can use the fund to handle that expense but keep paying off your debt. Eliminating debt saves thousands in finance charges every year. It has been estimated that the average American spends more than $160,000 over a lifetime just on interest alone. 

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Online Holiday Shopping and How to Make the Most of It

Set an actual budget per person or family and stick to it. Don’t be afraid to discuss it with family or close friends. Many people feel the same way and will say “yes” let’s just do card exchanges. Also, do not forget to set a budget for the feast you may be hosting. It is surprising how expensive a big dinner can be, and grocery prices are skyrocketing this year due to supply shortages. 

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