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How to Get Rid of Your Debt From Last Year

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Last Updated on February 14, 2023 by Daily News Staff

NEW YORK (Newswire.com) – iQuanti: With the holidays coming to a close, it’s time to look ahead and make sure you’re paying off those leftover debts from last year. The APR for personal loans is typically lower than that of credit cards, making this an attractive option for consolidating debt: it will cost less interest overall and can reduce your monthly payments considerably. That said, it’s also crucial to remember that repaying debt responsibly requires discipline: you’ll need to stay organized with budgeting, use proper money-management skills, set short- and long-term goals – and yes, commit to them! Successfully taking control of your finances in this way benefits both your financial health and your peace of mind.

In addition to consolidating debt, this article will discuss how to get rid of your debt from last year. Several options exist. All you have to figure out is which of them makes the most sense for your unique situation.

1. Take Out a Personal Loan

You might consider personal loans if you have several outstanding debts from 2022. Credit unions and banks offer personal loans. Either of these can be reputable entities.

You can take the money from a personal loan and pay off all your outstanding debts. By doing so, you make your repayment schedule less complicated. 

You can go from owing several different entities to only owing money to a single one. Many times, it’s that simplification of your repayment schedule that will assist you in becoming debt-free during the new year. 

2. Hunt for a Job that Pays More

Looking for a job that pays more in the new year can also get you out from under the debts you accumulated in 2022. Maybe you feel that you’ve reached the limit of what you can achieve in your current position. You don’t see a path to a promotion and a raise that can accompany it.

If that’s true, you can update your resume and look for jobs online. You can use sites like Monster, Indeed, and LinkedIn. If you don’t have a LinkedIn profile yet, you should create one.

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Getting a job that pays more will free up more money that you can use to pay off your debts from 2022 quicker. Don’t rest until you find a new position that pays you a salary that matches your skill set. Being complacent at your current job isn’t going to help you if you’re sure there’s no raise or promotion in your immediate future.

3. Don’t Accumulate Any More Debt

You can also work on paying off what you owe from last year without accumulating any new debt. Often, debt piles up because you keep accruing new debts before you can pay off your existing ones. If that’s happening, it’s a sure sign you need to curb your spending.

Don’t live an extravagant lifestyle. Limit the number of times you go out to dinner. Instead, buy bulk food items and use them to make low-cost meals. Purchase clothing at second-hand stores like Goodwill instead of buying them brand new. If you can put off shopping for new clothes, do that.

If you need a new vehicle, get a used or certified pre-owned one instead of buying the latest model. Only spend money on home improvements if they’re unavoidable. 

Conserving money in all these ways will let you put the cash you’ve saved toward paying off your 2022 debts. If you’re determined and don’t mind living this way for a while, you should see positive results.

You Can Get Rid of Last Year’s Debt

Getting rid of last year’s debt can be challenging, but you can do it if you’re determined. You can save money to put toward debt from 2022 by living frugally. Eating in restaurants less often, shopping for second-hand clothing, and taking similar measures leaves you more money to put toward your outstanding debts.

Hunting for a new job that pays more is another viable option. Spruce up your resume and look for jobs on sites like Indeed, LinkedIn, and Monster. You may also consider taking out a personal loan and using the money from it to pay off all your other outstanding debts. Having one creditor to pay back will simplify the process.

These tips should help you get rid of last year’s debt. It may not be easy, but it’s always possible. 

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Source: iQuanti

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Lifestyle

5 Tips to Upgrade Your Home Office

Consider these ideas to blend function, comfort and style, and create a home office that inspires creativity and makes you want to sit down and get things done.

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Last Updated on January 26, 2026 by Daily News Staff

Consider these ideas to blend function, comfort and style, and create a home office that inspires creativity and makes you want to sit down and get things done.

5 Tips to Upgrade Your Home Office

(Family Features) Hybrid schedules and remote work have become the norm for many people, which means a functional and inspiring workspace is more necessity than luxury. With the right setup – be it a dedicated room or a cozy corner – your space can boost productivity, spark creativity and make your workday more enjoyable. Consider these ideas to blend function, comfort and style, and create a home office that inspires creativity and makes you want to sit down and get things done. Focus on Comfort The desk and chair are the foundation of any home office. Be sure to build a setup that matches your work style by picking the right height desk (with the proper amount of storage and workspace to complete your tasks) and an adjustable chair with good lumbar support. If you’re at your computer most of the time during the day, an ergonomic keyboard and monitor stand can also make a comfortable difference. Create a Clutter-Free Work Zone Incorporating smart storage solutions like shelves, filing cabinets or baskets can help keep your workspace tidy and free of distracting clutter. Desk trays can keep small office supplies organized and within easy reach while maintaining a clean aesthetic. Add Personality with Decor Much like the rest of your home, your workspace should reflect your personality and style. Add artwork, decorative accents, plants or a photo wall to bring inspiration and freshness to your office and choose a color palette that promotes positivity and focus, such as soft blues, greens or neutrals. Layer Functional Lighting For optimal productivity, combine natural light with task and ambient lighting. If possible, position your desk near a window to capture natural light then supplement your space with a desk lamp for focused illumination and floor lamps, under-shelf lighting or wall sconces to add warmth and depth. Don’t Forget Acoustics Distracting noises can negatively impact focus. To absorb sound, use soft furnishings like rugs, upholstered chairs or curtains and consider a white noise machine if you need a more soothing work environment. Find more ideas to update every room in your house at eLivingtoday.com.   Photo courtesy of Shutterstock collect?v=1&tid=UA 482330 7&cid=1955551e 1975 5e52 0cdb 8516071094cd&sc=start&t=pageview&dl=http%3A%2F%2Ftrack.familyfeatures SOURCE: eLivingtoday.com

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When TV Talks About Gentrification and Shopping Local — and Where It Gets It Right (and Wrong)

A closer look at how the TV show The Neighborhood tackles gentrification and shopping local—and where the reality of online sales and small business survival is more complex.

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a buy local signage. A closer look at how the TV show The Neighborhood tackles gentrification and shopping local—and where the reality of online sales and small business survival is more complex.
Photo by RDNE Stock project on Pexels.com

In our continuing look at how entertainment—television, movies, and streaming shows—grapples with real-world issues, this time we turn our attention to gentrification and the often-repeated call to “shop local.” Once again, we examine how popular culture frames these conversations, this time through the CBS sitcom The Neighborhood and the episode “Welcome Back to What Used to Be the Neighborhood.”

A Familiar Story: When the Neighborhood Changes

In the episode, Calvin’s favorite longtime restaurant closes its doors and is replaced by a flashy new pet spa. To Calvin, the change symbolizes something much bigger than a single business closing—it represents the slow erosion of the neighborhood he knows and loves. In response, he launches a campaign urging friends and neighbors to buy local in order to protect small businesses from disappearing.

Emotionally, the episode hits home. Many communities across the country have watched beloved neighborhood institutions vanish, replaced by businesses that feel disconnected from the area’s history and culture. In that sense, The Neighborhood gets something very right: gentrification often shows up one storefront at a time.

Where Television Simplifies a Complicated Reality

But, as is often the case with television, the episode also simplifies a much more complex economic reality.

The show frames “shopping local” as a direct alternative to shopping online, subtly suggesting that online platforms are inherently harmful to small businesses. In real life, however, the line between “local” and “online” is no longer so clear.

Many local and small businesses now survive precisely because they sell online—through their own websites, through Amazon, or through other platforms that support independent sellers. For some, online sales are not a threat to local commerce; they are a lifeline.

Why Brick-and-Mortar Isn’t Always Sustainable

Rising costs are a major factor driving these changes. Commercial leases, insurance premiums, utilities, staffing costs, and local fees have all increased dramatically in many cities. For small business owners, keeping a physical storefront open can become financially impossible—even when customer support remains strong.

As a result, some businesses choose to close their brick-and-mortar locations while continuing to operate online. Others scale back to pop-ups, shared spaces, or hybrid models. These businesses may no longer have a traditional storefront, but they are still local—employing local workers, paying local taxes, and serving their communities in new ways.

The Real Issue Behind “Shop Local”

Where The Neighborhood succeeds is in capturing the emotional truth of gentrification: the sense of loss, displacement, and cultural change that comes with rising rents and shifting demographics.

Where it misses the mark is in suggesting that consumer choices alone—simply avoiding online shopping—can solve the problem.

The real challenges facing local and small businesses go far beyond individual buying habits. They include zoning policies, commercial rent practices, corporate consolidation, and economic systems that increasingly favor scale over community presence.

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A Conversation Worth Having—Even If TV Can’t Finish It

The Neighborhood deserves credit for bringing these issues into mainstream conversation. It sparks discussion, even if it wraps a complicated topic in a sitcom-friendly moral lesson.

The reality is messier. Supporting local businesses today often means rethinking what “local” looks like in a digital economy—and recognizing that survival sometimes requires adaptation, not nostalgia.

Further Reading & External Resources

At STM Daily News, our Local and Small Business coverage continues to explore these real-world dynamics beyond the TV screen, highlighting the challenges, innovations, and resilience of the businesses that keep communities alive—whether their doors are on Main Street or their storefronts live online.

📍 Read more Local and Small Business coverage at: STM Daily News

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Preparing Students for What’s Next in Work

Preparing Students: Automation, AI and societal economic changes are affecting the workforce and making a significant impact on the employment prospects of future generations. Consider this guidance to put students on the path toward greater earning potential and economic mobility in a rapidly changing economy.

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Preparing Students: Automation, AI and societal economic changes are affecting the workforce and making a significant impact on the employment prospects of future generations. Consider this guidance to put students on the path toward greater earning potential and economic mobility in a rapidly changing economy.

Preparing Students for What’s Next in Work

(Family Features) Automation, AI and societal economic changes are affecting the workforce and making a significant impact on the employment prospects of future generations. More than one-third of today’s college graduates are “underemployed,” meaning they work jobs that don’t require a college degree and may pay less than a living wage, according to data from the Federal Reserve Bank of New York. At the same time, a World Economic Forum report explored how advances in AI are threatening to negatively impact access to entry-level and even mid-level jobs for millions of Americans. Looking ahead, research by Georgetown University indicates that by 2031, 70% of jobs will require education or training beyond high school. However, data from the National Center for Education Statistics indicate only one-third of high school graduates go on to complete a college degree with many of those being in fields that are not in high-earning, high-growth professions. These challenges are not lost on today’s students. In a survey by Junior Achievement and Citizens, 57% of teens reported AI has negatively impacted their career outlook, raising concerns about job replacement and the need for new skills. What’s more, a strong majority (87%) expect to earn extra income through side hustles, gig work or social media content creation. “To put students on the path toward greater earning potential and economic mobility in a rapidly changing economy, students need proactive education and exposure to transferable skills and competencies, such as creative and critical thinking, financial literacy, problem-solving, collaboration and career planning,” said Jack Harris, CEO, Junior Achievement. This assertion is consistent with findings from the Camber Collective. This social impact consulting group identified four key life experiences students can consider and explore that positively affect lifetime earnings, including:
  • Completing secondary education
  • Graduating with a degree in a high-paying field of study
  • Receiving mentorship during adolescence
  • Obtaining a first full-time job with opportunity for advancement
Students aiming to equip themselves with the skills and experience necessary for the future workforce can seek:
  • Learning opportunities that are designed with the future in mind. For example, learning experiences offered through Junior Achievement reflect the skills and competencies needed to promote economic mobility.
  • Internships or apprenticeships that provide hands-on experience and exposure to a career field that can’t be found in a textbook.
  • Volunteer or extracurricular roles that develop communication and leadership skills. Virtually every career field requires these soft skills for growth and greater earning potential.
  • Relationships that provide insight and connection. Networking with individuals who are already excelling in a chosen field, as well as peers who share similar aspirations, offers perspective from those who are where you wish to be and potentially opens future doors for employment.
  • Courses that offer introductory insight into a chosen career path. Local trade or technical schools and other training organizations may even offer certifications that align with a student’s area of interest.
To learn more about how students can pursue education for what’s next, visit JA.org. collect?v=1&tid=UA 482330 7&cid=1955551e 1975 5e52 0cdb 8516071094cd&sc=start&t=pageview&dl=http%3A%2F%2Ftrack.familyfeatures SOURCE:
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