Debt
Debt is the key factor that will affect your personal finance income growth. Taking on debt at correct moment in life is healthy and necessary. However it could get out of control. As student debt keeps hitting historical high, average student loans is reaching 37,000 per student. 2/3 of Americans graduate with some sort of student loan. Reference: http://knowledge.wharton.upenn.edu/article/student-loan-debt-crisis/ How to pay off loans. Please refer to my previous monthly budget blog to track your spending Limit big purchases Pay off debt from highest to lowest interest accordingly Clearing debt might require certain life style changes, however we need to get to debt free before we can begin any investment goals.