Reported about 21 hours ago
Managing debt repayment while building wealth is achievable with strategic planning. Experts suggest prioritizing debt reduction over investing, continuing retirement contributions to capitalize on employer matches, and negotiating monthly bills to find savings. Additionally, building an emergency fund, avoiding lifestyle inflation, and utilizing effective budgeting methods like the zero-based budget or 50/30/20 rule can streamline finances. Lastly, regularly reviewing interest rates and refinancing options can lead to lower payments and quicker debt payoff, ensuring a stable financial future.
Source: YAHOO