Nine Basic Principles of Managing Money

THE following financial tips can help consumers to have a handle on finances and avoid making fatal mistakes. Well, following the general financial tips for consumers:

1. Pay off your debts and save money at the same time.

2. Lower use of credit cards to avoid huge debts.

3. Never sign a loan if it is not able to pay it off.

4. Better go to bed without dinner than to think that has not paid off the debt.

5. Always send a debt validation letter to the collection agency before making payment.

6. Check the credit report after paying the debt.

7. When married try to work together to end the debt.

8. Consolidate and pay off debt as quickly as possible.

9. Consider how much money is saved, before applying for a debt consolidation program.
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