Debt Manage Money wisely to get out of Debt

raaman

Valued Contributor
Certainly, at times, quite a lot of our daily needs force us to cover it by way of debt. At the same time, the more debt you may have, the more difficult it will be for you to repay it.

This is also a situation that needs to be considered, especially for those with low monthly income. People who have a lot of debt have to think about various ways to manage finances so that their financial conditions become better.

Freeing yourself from debt is not that difficult, as long as you can make use of the right tips in managing your finances. And, the tips that you can easily follow include using the allocation of funds for certain purposes.
 

Chibson

VIP Contributor
This is a very good write-up you have given here. Knowing how to manage your finances very well who is one of the best ways of becoming wealthy. a lot of people who make a whole lot of money do not know how to manage their finances very well and also invest wisely that is the reason why they will never become rich. many people who have gone into bad debt because they don't know how to manage their finances.
 
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Augusta

VIP Contributor
Definitely, whoever plan for the future, plan to fail this is why working at least few hours a day is very important. It will bring you out of poverty and borrowing which lead to one being a debtor. As we make money it is good to save and invest wisely
 
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sincerem

VIP Contributor
Those who drives low income can save themselves from debt when they curtail needs for spending unnecessarily. If we spend based on budget we've planned for our little income and doesn't go above that based on the income we generate, surely we'll come to stay free from financial obscurity, free from debts and even have some reserve earnings.
 
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Chibson

VIP Contributor
Those who drives low income can save themselves from debt when they curtail needs for spending unnecessarily. If we spend based on budget we've planned for our little income and doesn't go above that based on the income we generate, surely we'll come to stay free from financial obscurity, free from debts and even have some reserve earnings.
You are definitely very right on this . The best way in which people can avoid going into debt is cutting down their spending. it is very important that people learn how to manage their finance very well because if you don't know how to manage your finance very well, even if you earn big amount of money on monthly basis you will still not be able to save any reasonable amount of money.
 
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Chibson

VIP Contributor
Definitely, whoever plan for the future, plan to fail this is why working at least few hours a day is very important. It will bring you out of poverty and borrowing which lead to one being a debtor. As we make money it is good to save and invest wisely
That is exactly what I am saying. anyone who is working should understand that he should save some percentage of his money on saving and some percentage on investment. Anyone who does not plan his finances very well will definitely run into bad debt. It's therefore very important to earn money, save and invest.
 
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AmaliaTG

Verified member
Certainly, at times, quite a lot of our daily needs force us to cover it by way of debt. At the same time, the more debt you may have, the more difficult it will be for you to repay it.

This is also a situation that needs to be considered, especially for those with low monthly income. People who have a lot of debt have to think about various ways to manage finances so that their financial conditions become better.

Freeing yourself from debt is not that difficult, as long as you can make use of the right tips in managing your finances. And, the tips that you can easily follow include using the allocation of funds for certain purposes.
Those who have low income can avoid debt by multi- working, I mean, they ought to have other side sources of income inorder to survive without debt because debt is something that can and will destroy your future if one is not careful on how they spend their money. Low income individual should always avoid debt at all cost.
 
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Chibson

VIP Contributor
Those who have low income can avoid debt by multi- working, I mean, they ought to have other side sources of income inorder to survive without debt because debt is something that can and will destroy your future if one is not careful on how they spend their money. Low income individual should always avoid debt at all cost.
definitely it is very important for people to have a lot of sources of income because when they do they will not even have the thought of borrowing money from people. it is also very important for them to cut down on their expenses because a lot of people do not know how to manage their finances very well and I will also advise people to invest wisely.
 
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sincerem

VIP Contributor
You are definitely very right on this . The best way in which people can avoid going into debt is cutting down their spending. it is very important that people learn how to manage their finance very well because if you don't know how to manage your finance very well, even if you earn big amount of money on monthly basis you will still not be able to save any reasonable amount of money.
When we cut down our spending spree it will surely enable us to save more on purpose. Spending is one of the bad tendency to savings. When you're a SOE ding type it will be hard to meet up your saving target or objective in the future. Not lime you won't be spending oh, you will, but based on when necessary and not over spending it.
 
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