avoided in human life. Most people have had the debt to their friends,
relatives, banks, cooperatives, etc. Debt on the one hand could be one good
alternative if the debt is used to finance something productive (Good Debt).
However, on the other hand, debt can also strangle you at a time, if the loan
is intended to finance something consumptive (Bad Debt).
Regardless of what underlined the debt, you have to find ways how the debt can
be paid off immediately. Debt that is not resolved completely will only make
your life bad. In many aspects of life, you will continue to be overshadowed by
the debt. In fact, even though you had good intentions to pay off debts,
suddenly there were the barriers blocking you in paying the debt.
intention. Intention alone is not enough if it is not followed by a serious
effort to immediately pay the debt. A solid plan to pay off the debt can be
started by writing down all your debts under a special budget book. You should
be able to describe which debt that must be a priority and urgent to be paid.
In addition, you should be able to plan how much money will be set aside to pay
debts. Maybe you will cut costs that could be done to repay your debts. A
comprehensive budget plan is certainly very important to be done immediately by
every debtor.
do not realize, you can save for the purpose of paying off the debt
immediately. Instead of buying a meal / snack outside, it would be better if
you save money by cooking at home. If you are a smoker, it may begin to think
rationally, how much money you can save and pay to pay off your debts. For
those of you who like shopping, begin to switch your habits to resist the
desire for consumer spending. Do not forget to keep budgeted funds for living
expenses in an emergency.
You have a Credit Card? Immediately Cut
Your Credit Card
used to swipe the interests of the consumer, consider to cut it out immediately
(of course after all your credit card bills paid off). If the credit card used
to swipe the interests of the productive things (giving the results back, e.g.
for business) then use the credit card wisely. You may ask for what
called debt settlement.
Maybe you can use a credit card to pay off the debt that has been urgent,
keeping in mind not to add to the risk of default on your credit. However, if
the credit card is the source of your debt pile at this time, it is necessary
to be aware that your credit card is dangerous thing you should avoid.
Search for a side job
One of the tips that really help you to resolve all debts is looking for extra
income by doing a side job. When your income is not sufficient to pay the
debts, then you need to cull some of your time to look for a job / extra
business that can be done on the sidelines of your main activity.
