Tips to manage your debt.

Higher costs and interest rates mean you may need to adjust your budget to find the right balance between daily spending and paying down debt.

  • Review your budget to identify where you can cut expenses, so you have more money to pay down your debt
  • Pay down your debt with the highest interest rate first to pay less interest
  • Avoid taking on more debt in the future by saving for your financial goals
  • Consider consolidating high-interest debts into a loan with a lower interest rate

If you need to borrow money…

  • Borrow responsibly to build a good credit history and know the difference between good and bad debt
  • Choose the right product for your needs and circumstances
  • Know your rights when borrowing money

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