How to Stop Feeling Broke

These eight questions will help put the brakes on bad spending habits.

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Am I wasting money by carrying debt? If you're paying down a $10,000 credit card bill with a 15 percent interest rate, then you're paying about $1,500 a year to carry that debt. If you're paying off a $10,000 car loan at 6 percent, then you're wasting $600 a year on interest. If you can find the extra cash, consider paying off those loans so you can stop throwing money away on debt payments.

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