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Balancing loans and life
Rounding it up
First things first; if your debt has over a 5% interest rate, focus on tackling that before saving.
If it’s below 5%, you have greater flexibility. If you’re not dying to save up for something in particular, use your extra cash to pay off that low-interest debt.
If you are saving for something that will better your future, make those minimum repayments but put away any extras towards savings.
After all this planning, make your life a little bit easier by automating your debt payments and savings.
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