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Debt Management: Reducing Financial Burdens
Effective debt management is vital for maintaining financial health. High-interest debt, such as credit card balances, can quickly erode your financial stability. Strategies like debt consolidation, refinancing, and the snowball or avalanche method can help you pay down debt more efficiently. The Consumer Financial Protection Bureau offers resources on debt management and repayment strategies4. Follow the options available for debt management services to regain control over your finances.