Get Out of Debt
If you're struggling with debt, following the steps below can help you get back on the road to financial independence.
Achieve Financial Independence
Whichever belief holds true for you, there are habits you can adopt now to help you achieve financial independence.
Review what you're spending money on each month (e.g., dining out, movies, even that daily cup of coffee can add up.). Ask yourself, "Where can I cut back?" Reducing expenses helps free up cash to pay off debts, save and invest. If reducing expenses isn't enough to break the cycle, consider finding an additional source of income – even for a short time. A part-time job, for example, can help get your finances back on track and may even help you get ahead.
Leave your egg in the nest.
Make your money work for you. Investments include the purchase of something you believe will increase in value, or produce a positive return, over time. Examples include, but are not limited to, stocks, bonds, Certificates of Deposit (CDs) and mutual funds. Investments may help your money grow more than regular savings accounts, but there is no guarantee. Diversification (i.e., spreading your money over many types of investments) can help increase the likelihood of positive returns and minimize the impact of both poor performance and inflation. Additional Resources: For more saving and investing articles and calculators, visit TD Bank's Investment Resources page. Learn what TD Bank can offer you for integrated, comprehensive and customized financial solutions
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