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Pay down debt

By Elayne Fluker | Published January 9, 2011 | Full size is 1000 × 669 pixels

3) Dump your bad debt: Paying down high interest debt, especially on credit cards, needs to be a part of your financial plan this year. What defines “high?” White says the definition may fluctuate, but that fact that you should make tackling your debt a priority does not. “No matter what interest rate you have on your credit card, you should pay that down. Interest on your mortgage is tax deductible; interest on your credit card is not. You want to pay down anything that is not tax deductible.”

3) Dump your bad debt: Paying down high interest debt, especially on credit cards, needs…