CUT THE TIES

Finweek English Edition - - MONEY -

Once you’ve paid off an ac­count, cut up the card and close the ac­count. “Use the money you were pay­ing on that debt to pay off the next most ex­pen­sive debt. This will then start cas­cad­ing over all your debt. This is when you will start see­ing the fruits of your debt re­pay­ment plan,” Flem­ing says.

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