As 2024 approaches, economic expert Dana Peterson emphasizes the importance of smart financial planning. She advises focusing on budget optimization, debt reduction, and savings to strengthen personal finances amidst potential economic challenges.
- Budgeting Smarter
In 2024, it’s crucial to scrutinize weekly expenses and find areas to cut costs. This could mean opting for more affordable store brands or changing your leisure activities to more cost-effective options like streaming movies at home.
- Paying Off Debt
With interest rates climbing, it’s more important than ever to tackle debt. Whether it’s high-interest credit cards or loans, prioritize paying off the most expensive debts first.
