Identify and cut unnecessary expenditures, focusing on non-essential items and discretionary spending to increase savings.
Consolidate high-interest debts and negotiate favorable terms with creditors. Establish a systematic plan to pay off outstanding balances.
Build a financial safety net by setting aside money for unexpected expenses. Aim for at least three to six months' worth of living expenses.
Maintain a good credit score by paying bills on time and managing credit responsibly. Regularly review your credit report for accuracy.
Explore opportunities to increase income, whether through additional skills, career advancement, or a side hustle.
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