Mollie Carter is the CEO of Sunflower Bank, a community bank that has been helping customers through personalized financial products, solutions and services for more than 100 years. Sunflower Bank professionals look to create possibility for their customers, and to provide the expert services, guidance and resources they need to reach their financial goals.
As Mollie Carter knows, a key component of any good money management strategy is taking steps to reduce debt. There are many steps you can take to reduce your debt burden, including:
Creating and Sticking with a Budget. A comprehensive personal budget should include all sources of income and all current expenses, as well as a plan for spending down the road.
Avoiding Additional Borrowing. Seeking out additional loans to pay down debt often only serves to add to your burden.
Cutting Out the Nonessentials. Once you’ve analyzed your budget, do your best to identify which expenses are necessary and which can be reduced safely.
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Mollie Hale Carter 