by Harrine Freeman
Your financial, family or health situation can change at any time so it’s better to have little to no debt. Here are 5 ways to help you plan for retirement and pay down debt.
1. Downsize or downgrade. Scale back temporarily by making adjustments to your lifestyle by moving to a smaller home or trading in your luxury car for a compact or mid-size car.
2. Retirement. Contribute the maximum amount towards your retirement.
3. Debt. If you’re in debt due to credit cards, student loans or late payments paying those off should be a priority. Focus on one bill at a time starting with the smallest bill.
4. Peer Pressure. Avoid peer pressure from your co-workers, children and friends to buy things you can’t really afford. This behavior results in financial disaster.
5. Automate. Get organized and automated your finances. Use tools to help track your money and pay bills online or use automatic paycheck deduction. This will prevent you from paying late fees, help you easily keep track of your money and help you achieve financial goals.
Here are some helpful links regarding personal finance:
Meet the Author
Harrine Freeman is an authority on personal finance with over 10 years of experience under her belt. Freeman is a financial counselor, CEO of H.E. Freeman Enterprises and Author of "How to Get out of Debt: Get An “A” Credit Rating for Free," a self-help book on credit repair that provides consumers with a step by step plan on how to get out of debt, increase their credit rating and plan for the future.
She has impacted the lives of thousands of people in the United States through public speaking engagements and financial counseling. She is called upon by business owners, CEO’s, celebrities, students, teachers, sororities, fraternities, displaced workers, veterans and families. She helps client's prepare for financial freedom, by providing useful advice, resources and the tricks of the trade to ease concerns and really steer clients in the right financial direction.
She has been featured in: Featured in Market Watch, Wall Street Journal, Forbes,The Washington Post, NASDAQ, Huffington Post, MSN Money, Black Enterprise, Essence Magazine, Ebony, Woman’s Day magazines.
She is a member of Credit Professionals International, American Association of Daily Money Managers, American Association of Individual Investors and National Speakers Association.
Connect with Harrine Online
Purchase How to Get Out of Debt: Get an "A" Credit Rating for Free [Kindle Edition]
Other Sources: How to Get Out of Debt: Get an "A" Credit Rating for Free