The
first step toward effective, personal finance management, is to 'do the math'...
Calculate how much available income you have (after taxes), identify each bill
you owe and your remaining discretionary income. Once you know how much free
money you have per month, establish a savings plan and a debt payoff plan.
If
you cannot get debt under control on your own, consider professional assistance
such as credit counseling, debt consolidation or settlement negotiation.
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