Having debt makes it harder to save money, invest in retirement accounts, and feel good about your long-term finances. That's why attacking a big debt early is a great move, but the longer you wait, the more time it has to compound.
A 30-year-old man recently went on Reddit (NYSE:RDDT) for advice on tackling an $83,000 debt. He's only 30, so he has plenty of time, but it can get worse if he isn't financially disciplined. He's married, and the couple brings in $160,000 per year. They also have two young children.
