Benjamin Franklin said, “A penny saved is a penny earned.” This is also true of debt. While you might try your best to avoid it, you still can end up with credit card or personal loan debt. Your personal debt will most likely have an interest rate of 9% or above. This is unsecured debt: debt with no asset like a car or house that can be repossessed. Secured debt, like an auto loan, mortgage, or student loan, will have an interest rate under 9%. Be sure to cover your monthly payments so you can maintain your credit rating, but if you have some money left over, make payments on your credit cards and personal loans first.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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