Master Financial Freedom Using Key Planning Secrets Today
Managing Debt Effectively
Debt can be a significant barrier to financial freedom if not managed properly. Prioritize paying off high-interest debts, such as credit card balances, to reduce financial strain. Consider consolidating debts or refinancing loans to take advantage of lower interest rates. The Federal Reserve reports that the average credit card interest rate is around 16%3. By reducing your debt burden, you free up more resources to invest in your future.