There is no problem without any solution. The solution is in a simple corner, you just need to find it and define it explicitly. If you have a debt problem, you will avoid the debt traps that will be set for you in the future. First, you need to set a time to check your finances and the status you are in. In all debt management, you must understand how much you have learned more about this.
Of course, there are some difficult challenges in debt management, such as knowing that your debt is too deep, and summing up all your assets are still not in line with the total amount of funds you owe. Another problem is that you are too indifferent to spending money, so that you have already spent more money than you really earn. This is the classic of those who have more needs and meet the needs rather than the needs. If you let it go by yourself, the temptation to buy something now and then pay it back is so strong. Unless you try to make the most of your situation, you can fight it and you won't object to it.
Debt management does not have the right approach. But everything you do needs logic. You need to spend some time to sort out your situation. To do this, you need to check the monthly or weekly fees to be clear. You need to know exactly how much you spend to know if you can adjust something so that you can pay off your debts. You need to start tidying up what you really need and start from there. Try to cut off the habit of paying for a post-purchase plan. It will never be of any benefit to you. Know your total monthly fees and your debt to know exactly how much you need to meet this requirement. If you have the exact amount, you can view your monthly income. With this knowledge in hand, you can now start figuring out what you really need and getting rid of things you can't. Add up your total debt and budget based on your monthly net income. It is difficult to assume many small debts than to assume responsibility for only one creditor. After repaying the debt, close the account and stop the credit card account. You must learn to use a debit card and cash. With this, you can control your bad habits.
If you know that you really don't have enough income to pay for them, then sometimes you need to work part time to have an extra amount. This extra income will help you reduce your debt and meet your needs. Simultaneously. When you get some stability from your debt, you can now try to save money, because even if it's just a little bit, the amount will get bigger and you can make a change. What you need for debt management is just proper discipline, and you have a good start. If you value your family, you should start now.
Orignal From: Practical debt management method
No comments:
Post a Comment