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DEBT MANAGEMENT TIPS

Make the budget a family project. Everyone must be involved in order for it to work.

Act your own wage!

Make your spending habits consistent. Large expenses should be pro-rated over a period of time.

Know your priorites. Allot enough income for the essentials (shelter, utilities, food, medical, savings).

No more than 25% of your monthly income should go towards installment debt – credit cards, loans, car payments, etc.