DEBT MANAGEMENT STRATEGIES standard , the proliferation of credit has caused debt to spiral out of control .
This isn ' t just about personal debt ; it ' s about the government ' s ballooning debt , which they often manage by simply printing more money . However , this flood of currency decreases its value , resulting in inflation . Inflation benefits debtors but penalizes savers , eroding the purchasing power of their savings .
Since 2008 , the US government ' s printing spree has left many savers worse off , grappling with inflation , higher taxes , and paltry interest rates . The current monetary system thrives on inflation , encouraging spending and discouraging saving .
In this climate , saving may seem futile — except for one crucial strategy : paying yourself first . This entails setting aside a portion of your income for future investment . When my wife and
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