4th January 2017
Feeling bogged down by debt after a hectic and expensive festive season? Try these simple tips to lower debt and start 2017 with your finances in check:
- Organise your debt into a spreadsheet so you can see a comprehensive picture of what you owe. From there, you can choose which debt to tackle first.
- Contact credit card companies to see if you can reduce your interest rates, or transfer balances to lower interest cards.
- Pay off high-interest debt before low-interest debt.
- Make a budget, and stick to it.
- Track your spending so you know where to make cuts.
Avoid purchasing anything with a credit card—stick to cash to avoid unnecessarily ballooning your expenses.
To find out more, give us a call at 01444 810 088 or find us on Twitter, Facebook, LinkedIn, Youtube or Instagram.
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