Holicent
VIP Contributor
Being debt free is very important, it saves you from all the worries that can land you into depression. Ensure you monitor your inflow and outflow (income and expenses). Avoid irrelevant spending and channel your money to paying off your debt.
Also, try to pay up the smallest debt first and allocate little money to the bigger one. You should continue this way until the debt is paid. Also, debt with the highest interest rates should be tackled first. Find ways to increase your income so you can have enough to settle your debts on time. Negotiate with your creditors, they might map out a flexible payment plan or reasonable interests for you.
Lastly, don't even consider taking a new debt to pay up your debt, this usually comes to mind and it's a very bad idea. No need of going forth and back.
Also, try to pay up the smallest debt first and allocate little money to the bigger one. You should continue this way until the debt is paid. Also, debt with the highest interest rates should be tackled first. Find ways to increase your income so you can have enough to settle your debts on time. Negotiate with your creditors, they might map out a flexible payment plan or reasonable interests for you.
Lastly, don't even consider taking a new debt to pay up your debt, this usually comes to mind and it's a very bad idea. No need of going forth and back.
