11. Don’t completely avoid all debt

The issue of `debt` has gotten a bad reputation since the financial crisis because of subprime lending.

12. Pay off high-interest debt quickly

Credit debt is one of the debts with the highest interest rates, averaging about 17%.

13. Build a good credit history

Financial institutions decide whether or not to grant consumer loans, and at what interest rate, largely based on the customer’s credit history.

14. Check your credit report

You can get a completely free annual credit report based on the type of financial service you use.

15. Monitor and review monthly account statements

A strange charge on your credit card is often the first sign that it’s been stolen.

16. Take advantage of bonus cards

If you can pay off your credit card balance each month, you’re in a great position to take advantage of the card’s benefits.

17. Choose the credit card that best suits you

Different types of credit cards will bring different benefits to customers.

18. Motivate yourself to pay off debt

If you’re trying to tackle credit or student debt, motivate yourself with bigger goals.

19. Do not focus on investing in one object

Unless you like to study annual reports or quarterly revenue reports, you should change your investment direction.

20. Minimize costs

The costs of mutual funds and other investment products can slowly eat away at a large portion of your income over time.