The current uncertain economic situation is making many Americans rethink their finances. The figures about consumer debt are a concern for many people. So, if you are thinking about paying off debt and saving for your retirement, you are not alone.
The ideal approach is to look for ways to settle your debts and focus on a savings plan. You can then use the savings for investments to create a source of income when your paycheck stops rolling in after your retirement.
So, here is a step-by-step guide you can follow to pay off your debt and save a substantial amount for your retirement. We have divided it into two parts, wherein the first one focuses on bringing down debt while the other one tells how to increase your savings.
The post Steps to Pay off Debt and Save for Retirement originally appeared at Leisure Freak.