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What are some tips for managing debt?
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1. Make a plan for how to pay off what you owe.
2. Make sure you pay the minimum due on all of your debts on time.
3. Consider consolidating or refinancing the debt at a lower interest rate to make monthly payments more affordable.
4. Try to live within your means and cut back on unnecessary spending.
5. Consider creating a budget that allows you to make more than the minimum payment each month on your debt.
6. Look into credit counseling to help you understand your options and create a plan for getting out of debt.
7. Identify any ways you can increase your income to better pay off your debt.
8. Talk to your lenders to see if you can negotiate lower payments or freeze interest rates.
9. Avoid taking on new debt as you pay off what you owe.