Save for Retirement or Pay Down Debt
by Harrine Freeman
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 from Harrine Freeman:
Purchase How to Get Out of Debt: Get an a Credit Rating for Free
Meet the Author
Harrine Freeman is an authority on personal finance. She 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 that provides a step-by-step plan on how to get out of debt, increase credit scores and plan for the future.
She has impacted the lives of thousands through speaking engagements and counseling. She helps client's prepare for financial freedom, by providing useful advice to steer clients in the right direction.
She is a member of Credit Professionals International, American Association of Daily Money Managers, American Association of Individual Investors and National Speakers Association. Harrine 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, and Woman’s Day magazines.