Financial tips are crucial in order to have a healthy work/life balance. Here are some tips from Shanacee Shreve from Young & Free.

How to Decrease Debt/Save Money for the Future

- Debt can be an overwhelming thought for anyone, but the truth is, you need to tackle it step-by-step.

For example:

Step 1: Take Inventory of Your Debts
-- To manage your debts, you first need to know exactly what you are dealing with.

Step 2: Create a budget
-- Calculate your monthly income and budget out your expenses, such as car payment and rent/mortgage. Within your budget, create a category to pay off your debts.

Step 3: Stick to your plan!
-- A budget is only a good resource if you follow it.

Resources to Better Manage Your Money

• Live within your means.
• is a program that helps you easily track where your money is going each month so you know which areas you need to cut back your spending on.
• Talk to your parents, a guardian or your financial institution with any questions you have!

►Make it easy to keep up to date with more stories like this. Download the WZZM 13 app now.

Have a news tip? Email, visit our Facebook page or Twitter.