{"id":38189,"date":"2022-12-05T11:33:30","date_gmt":"2022-12-05T17:33:30","guid":{"rendered":"https:\/\/www.tamus.edu\/business\/?p=38189"},"modified":"2022-12-14T09:21:25","modified_gmt":"2022-12-14T15:21:25","slug":"managing-debt","status":"publish","type":"post","link":"https:\/\/www.tamus.edu\/business\/managing-debt\/","title":{"rendered":"Managing Debt"},"content":{"rendered":"<p><strong>Make a debt plan<\/strong><br \/>\nPay off debt based on a specific time frame or payment amount and change variables to see how it affects the results. Use this easy <a href=\"https:\/\/lfg.ahc.com\/debt-calculator\/index.html\">debt repayment calculator<\/a>.<\/p>\n<p><strong>Debt guidelines<\/strong><br \/>\nThese tips can help you stay on the path to financial wellness:<\/p>\n<ul>\n<li>Focus on paying off debt with the highest interest rates first.<\/li>\n<li>Try to take on debt only for necessities\u2014things like education, a home, or a car.<\/li>\n<li>If possible, avoid using credit cards unless you can pay them off each month.<\/li>\n<li>If you have significant credit card debt, you may want to explore the tools on <a href=\"https:\/\/consumer.gov\/\">consumer.gov<\/a> or contact the <a href=\"https:\/\/www.nfcc.org\/\">National Foundation for Credit Counseling<\/a> to learn about consolidating your debt into one monthly payment.<\/li>\n<\/ul>\n<p><strong>Help avoid future debt<\/strong><br \/>\nAn emergency fund can help you avoid going into debt due to unexpected financial emergencies. A good rule of thumb is to save three months of basic expenses, but you may need more than that depending on your personal situation. To make consistent saving easy, think about setting up a special account for your fund. You could even set up automatic deposits to help your savings grow.<\/p>\n<p><strong>Make your future a priority<\/strong><br \/>\nDon\u2019t forget to set aside money for retirement! If you set aside money in your employer-sponsored retirement plan now, you&#8217;ll have financial support in the future. Visit the <a href=\"https:\/\/www.tamus.edu\/business\/benefits-administration\/retirement-programs\/\">Retirement Programs webpage<\/a> for more information on retirement plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Make a debt plan Pay off debt based on a specific time frame or payment amount and change variables to see how it affects the results. Use this easy debt repayment calculator. Debt guidelines These tips can help you stay on the path to financial wellness: Focus on paying off debt with the highest interest&#8230;<\/p>\n","protected":false},"author":1971,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-38189","post","type-post","status-publish","format-standard","hentry","category-financial-wellness"],"taxonomy_info":{"category":[{"value":70,"label":"Financial Wellness"}]},"featured_image_src_large":false,"author_info":{"display_name":"Estela Felan","author_link":"https:\/\/www.tamus.edu\/business\/author\/efeagin\/"},"comment_info":0,"category_info":[{"term_id":70,"name":"Financial Wellness","slug":"financial-wellness","term_group":0,"term_taxonomy_id":75,"taxonomy":"category","description":"","parent":0,"count":3,"filter":"raw","cat_ID":70,"category_count":3,"category_description":"","cat_name":"Financial Wellness","category_nicename":"financial-wellness","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/posts\/38189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/users\/1971"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/comments?post=38189"}],"version-history":[{"count":0,"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/posts\/38189\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/media?parent=38189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/categories?post=38189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tamus.edu\/business\/wp-json\/wp\/v2\/tags?post=38189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}