The Impact of Debt on Your Budget

Debt payments can consume a large portion of your income, limiting your ability to save and invest.

Effective Debt Management Strategies

• Create a debt repayment plan prioritizing high-interest debts.
• Consider debt consolidation to reduce interest rates.
• Avoid accumulating new debt while paying off existing balances.

Seeking Professional Help

If overwhelmed, consult financial advisors or credit counselors for personalized debt management plans.