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The financially savvy don’t...

Pay off multiple debts at once

You’re so eager to be out of debt that you want to clear all of them all at the same time. Although your determination is admirable, this strategy might not work. Paying out small amounts to different sources of debt will wear you out pretty fast. It won’t seem to make much of a difference in reducing your debts- which will also reduce your motivation to pay them off.

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