Debt Management

Debt management involves strategies for managing and reducing debt effectively to achieve financial stability. It includes creating a realistic budget, prioritizing debt repayment, and negotiating with creditors. Understanding interest rates, consolidating debts, and maintaining consistent payment habits are crucial. Effective debt management helps in improving credit scores, reducing financial stress, and freeing up resources for savings and investments. By managing debt wisely, individuals can regain control of their finances and work towards a debt-free future.