Thinking about the future is a great way to motivate yourself to stick to a debt repayment plan.
When you identify goals that motivate you, it may not seem like as much of a sacrifice to put a few hundred dollars toward eliminating high-interest debt every month. The faster you pay off your balances, the sooner you can enjoy other pleasures in life without thestressof managing debt.
But there’s another advantage. Creating a debt repayment strategy requires forethought and accountability so you can successfullypay down a large balanceover time, and that success can help you establish good financial habits.
And, as it turns out, you also need the very same skills and habits to save money over time, too.
Below, CNBC Select spoke with Br…
Read the full article at: https://www.cnbc.com/select/start-saving-after-debt/