5 Ways Entrepreneurs Can Reduce Their Debt

Oct.03, 2014

To cut your debt right off the bat, start with analyzing your budget. You may find all those “little” costs are adding a lot to your monthly budget. “If your budget or spending is unorganized, it will be easy to accumulate debt quickly and get in over your head. Make an outline of all of your expenses, allocate whatever amount of money is necessary in order for you to operate, and adhere to the limits that you set yourself,” says Howard Dvorkin, CPA and personal finance expert for Debt.com. If you have your budget planned out to the dollar, you will be able to keep track of where your money is going and avoid unnecessary spending.

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