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Habits of People Who Live Debt-Free.

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Habits of People Who Live Debt-Free.

Posted On: November 21, 2017 by Bank of Louisiana in:

If you’re an adult living in America, chances are you’re living with debt. According to Pew Charitable Trusts, roughly 80% of American adults are in financial debt. You can see how it happens, between student loan payments, mortgage payments, car payments and credit card use, it’s easy to get yourself into debt and it can be tough to climb out.   But, how can you help yourself live debt-free? It is possible, and Bank of Louisiana has some tips that you can use. Some are tips that you can right away, while others will require a dedicated approach over an extended period of time.   Create a Plan for the Future It’s easier to implement money saving strategies when you have a goal in mind. Whether you’re looking to save for a purchase or to pay down debt, you need to set a budget to follow every month, and then stick to it. It’s also crucial for you to closely monitor your finances by checking your statements and reviewing your account