Record all of your spending so you know where your money goes and where you can cut spending.
Fact: spending $2.50 a day on coffee costs you $912.50 a year
For example, a short-term goal could be buying new furniture. It is also important to start saving early for long-term goals like retirement.
Your “wants” will be the areas to target for money that can be used to pay down debts or increase savings.
List all your debts and the interest rate you are paying on each of them and track your progress in paying them off.
Even a small increase in payments can make a big difference in the amount of interest you pay and how long it takes to pay off your debts.
Find out how to make a budget and the tools FCAC provides to help you.
Learn how to handle debt and what you need to know before looking to get help.
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