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Debt Management

Making a plan for paying off debt starts by organizing your debt based on interest rate, terms, any tax benefits and other criteria. Debt management can help you figure out which debt to focus on first and how to lower what you pay in interest.

5 Strategies for Handling Your Cash Flow and Managing Debt During a Recession

Fears of a recession have loomed large over the past few years. During a recession, consumers often feel the squeeze in terms of their real income. It’s common for companies to pare back their hiring activities, moderate employees’ salary adjustments or even lay off employees. Consumers might respond to a souring economy by piling on more personal debt to support their ongoing cash-flow needs. That could be problematic for Americans who already have household debts that collectively exceed $17 trillion.

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