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Ottumwa Publishing
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Insert Inside! •••••DECEMBER 29, 2021•••••
Many of us take advantage of a new year to turn over a new leaf. This can include everything from starting a new exercise regimen to committing to cooking more at home. It’s also a prime time to assess your current financial situation and take concrete steps to imResolve to Take Control prove it. of Your Finances in The Here are a New Year variety of steps to take as the New Year begins to enhance your financial life. Some may be more appropriate than others for your circumstances. Review where you stand Start by taking a comprehensive look at your current financial position. Are you generating enough income to meet expenses? Where could you cut back on living costs? Are there loans or debt you can pay off quicker? Are you saving enough for your key goals? Ask the tough questions to get a good sense of where you stand. Then consider any of these following steps that seem appropriate. Deal with debt Make a plan to pay down debts as quickly as you can. A priority should be to repay high interest borrowing like credit card debt as quickly as possible. To the extent loans are manageable, you can continue to make monthly payments, but the more you pay off, the easier it will be on your monthly budget. (Financial cont’d on pg 5)
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