Surviving Financial Crises

Getting Out of Debt

What is the second most important step to getting out of debt?

The second step is by saving what money you used to pay off loans and credit cards, and pay special attention to not taking on any more debt going forward. In other words, take the money that you used to pay for your monthly credit card bill or car loan, and put that money directly into a savings account, and spend nothing on your credit card going forward. And remember to pay yourself first.


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