Debts, your enemies in the most terrible situations. The debts are the bad play of the loans and the not knowing how to handle them, in fact the bad administration leads to these. Many do not even know the extent of their own debts and end up thinking that it is only the cards or the people who drag them into this.
But to get out of them it is urgent that you advise and verify what are the best steps that you can take to find the way out for such a problem. Always the first step to improve in this area is to list our problems in terms of debt, recognize that we ourselves are becoming victims of this problematic world of loans and money that is not yours, but fills us with entanglements and more problems.
- The first of the outputs is to be aware of your problem and to list each and every one of the debts we have, to know them. Interests, moments when we acquire them and frequency of interest payments. Only this, will be the way out to know how much money we owe and how to deal with it. Yes, maybe this still does not sound like a solution, but knowing details of this, we know exactly how much we owe and can include it as a priority in the expense control list.
- The next way out is to target a percentage of your biweekly or monthly income, primarily for this area. The fact of focusing to nurture and settle debts will free us for a lot of interest percentages and in less than what was expected we will be more relieved in this burden.
- One of the greatest advice, is once you intend to have only the income money, but your own income. That is, your money that does not depend to pay anyone else. Why? This money will always be from someone else and the only thing that will provoke will be even more debts. It will become an endless vicious circle.
The best way out of debts is to accept that loans are a real problem, and that nothing is as comfortable as having your own money to take charge of your own investments.