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The best ways to manage debt
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[QUOTE="Suba, post: 279887, member: 3658"] Although there are many different ways to manage debt, the principle is the same and all debts that we have we have to pay or we pay off. So before you make a debt you must be able to determine how much your total debt is. when going into debt, for example buying a mortgage, we also have to think twice so that the mortgage installments are not more than 50% of our income per month. I think there are two types of debt, good debt and bad debt. Debt will either add value to assets or increase income or reduce costs, such as buying a car on credit as a vehicle (not a luxury) which will ultimately save on transportation costs. Meanwhile, bad debt is consumptive and does not add value, such as being interested in the promotion of luxury goods such as expensive bags or shoes with paylater or using CC. [/QUOTE]
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