
15. Pay Down Debts
Debt is one of the biggest reasons people feel stressed out. You work hard for the money you make, and it seems that all of it goes to bills, groceries, gas, and other necessities. In fact, most people have trouble making their paycheck stretch until the next time they get paid because they don’t live within their means, They have difficulty budgeting or maybe find themselves in hard financial times.
Once you come into money and are newly rich, the first and only payment you should make before taxes is to pay down your debt, if not pay it off. Debt eats away at your life, and as soon as you see the money in your account, you should start making larger payments on your credit cards, loans, or call the company and settle with them as you can pay your whole bill off.