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Thrifty Mommy

Debt Management Tips for Grown-ups

January 29, 2007 by admin  
Filed under General, finances

Debt Management Tips for Grown-ups

Debt is a disease that affects almost everyone.  The good news about it is you can manage it.  Here’s how:
1. A credit card is a convenient access to debt.  Although you could easily purchase or borrow money through it, the effects can be staggering.  When you have one, make sure that you are the master of the credit card and not otherwise.  You know what I mean.
2. In paying your debts, make sure to prioritize the one that has the highest interest charge.     
3. Pay in cash.  Avoid debt as you would a plague.  If you really have to incur debt, be sure that …read more


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