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Asked: February 17, 20242024-02-17T07:03:44+00:00 2024-02-17T07:03:44+00:00In: Personal Finance

Managing Debt: How to Get Rid of It and Stay Debt-Free

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Q: What are some strategies for paying off debt and avoiding future financial burden?

A: Some strategies for paying off debt and staying debt-free include creating a realistic budget, prioritizing high-interest debts, negotiating with creditors for lower interest rates or payment plans, and avoiding unnecessary expenses. Additionally, building an emergency fund and seeking financial counseling can help prevent future debt accumulation.

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