NORTH CAROLINA -- If you're focusing on finances in 2018, it’s a good idea to focus on getting out of debt.

Experts recommend first making a budget. Then refinance existing debt before rates increase.

When deciding what to pay first, prioritize your debt based on interest rate.

"Long term it impacts your ability to save for retirement. Because if you're paying down debt, you don't have the money to put into a retirement plan," senior wealth strategist at PNC Bank Jim Benedict said.

Low, fixed-rate student loans should be a low priority when making your budget.

Variable student loans should be treated like credit card or consumer debt.

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