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Monitor progress towards debt freedom from "summary" of Debt Free for Life by David Bach
Monitoring your progress towards debt freedom is a crucial step in achieving your financial goals. Without keeping track of how you are doing, it can be easy to lose sight of where you stand and become overwhelmed by your debts. By regularly monitoring your progress, you can stay motivated and focused on the end goal of becoming debt-free. One way to monitor your progress is to create a debt payoff plan. This plan should outline how much you owe, the interest rates on each debt, and how much you can afford to pay each month. By having a clear plan in place, you can see how much progress you are making each month towards paying off your debts. Another important aspect of monit...
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