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7 amazing tips to break free from debt
In the previous article, the focus was on education inflation and its impact on our savings. This article will discuss how to break free from debt?
Debt, this dreaded four-letter word, is a nightmare for most people. However, everyone has a debt of some kind, whether credit card debt, student debt, home mortgage, personal debt or more.
Debt is an unavoidable part of life. Dealing with debt often leads to stress and anxiety and can impact your physical health. There are both good debts and bad debts. The debt that creates a valuable asset (tangible or intangible) for you is good debt.
Debt that keeps on exerting negative pressure on paying off is known as bad debt. You need to remove this bad debt to live a stress-free life.
How do you break free from debt?
Here is a step-wise guide to help you break the vicious cycle:
Some effective ways to reduce your debt
Consult an expert advisor to get the right plan for you