Monday, March 16, 2009

How to control your debt


March 16, 2009
By: Sarah Horner 


This article from CNN.com describes 10 things you need to know in order to control your debt. 

"7. Watch where you borrow.

It may be convenient to borrow against your home or your 401(k) to pay off debt, but it can be dangerous. You could lose your home or fall short of your investing goals at retirement.

8. Expect the unexpected.

Build a cash cushion worth three months to six months of living expenses in case of an emergency. If you don't have an emergency fund, a broken furnace or damaged car can seriously upset your finances"

Click here to read all 10 tips.

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