Ever felt not free because of debts? Relax, you are not alone in facing this problem. Many people feel that their lives are locked in debt. Of course you want to be free and independent with this problem right?
Well, in order to be free from debts, see the steps to be free of debts immediately. Check out the explanation below.
1. Check How You Make Your payroll.
You would be close to the term if the monthly installment amount should be no more than 30% of the salary. Well, if it turns out you still can or even more than the portion in paying the installment, it would not hurt if you exaggerate the installment. How? Try saving on other expenses. Sacrifice not watching in the cinema for a few months.
2. Finding extra money.
There is a suggestion that if you want your expenses to grow there are two ways to fulfill it, reducing the amount of spending or increasing your income. There is nothing wrong if you try to find additional work. Make sure the portion is balanced so it will not interfere with your main job.
3. Adjust lifestyle with own ability.
Do not force yourself to look luxurious while you cannot afford it. Adjust your lifestyle with your income. Always remember, the prestige will not make you successful. Living with high prestige? Better think about this. Let others judge you because of your heart, not what you wear or use.
4. Consider Reducing Assets.
You may have gold savings, deposits, mutual funds and other assets. Ever tried to compare growth with the amount of debt you have? If it is not balanced, there is nothing wrong if you consider to reduce assets to pay off some of your debt.
Think calmly and calculate the profit and the loss.
5. Build Commitment to Pay All Debts.
Make sure you commit to pay all your debts. If you owe it to someone, do not hesitate to discuss it . Well, it is important to build your credibility as a debt recipient.
Hopefully this information is useful for you to try!