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Educate Yourself on Debts

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Hi? It is evident we all need advice on the management of debts and guidance on debts.
This can help customers to have financial stability and you can stand out from the market crowd of other customers.
We really need a lot of financial education to guide us to financial freedom.

It is advisable to dedicate our time and energy to learn a few things that will guide us and are necessary for financial education.
What are different kinds of debts that you know of?.

Are you a student? How do you manage, repay and select your loans?.
 
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sliara

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I have never applied for a loan, I was never in a position to need it. But if ever you did, always make it a point to pay it on time, and not neglect it.
 
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Yes Sliara, you must always pay up your loans on time. Early pay-offs have a way of relaxing your mind.
You also save money when you pay off loans in advance.
 
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Ive also never borrowed a loan.I see how my parents struggle with their loans and in future i would not to do the same thing.
 

Alexandoy

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To be frank, I fell into the so called debt trap when I was young. I thought my high salary can take care of all my borrowings. In fairness to me, most of my borrowings were not for me but mostly for assistance to my family and relatives. When I hit rock bottom that was the time that I learned the lesson on debts. Never borrow money when you cannot afford the payment.
 

luri

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I am a working woman. I have a kid who is almost ready to go to school. he should have already gone to school if there was no Covid. My husband and I are to live frugal so that we can save money and live a comfortable life during old age. Both of us do not use credit cards because we believe credits can increase our debts. We also never buy products on credit.
 

Gad

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Payday loans are the worst debt traps. With the easy accessibility of the loans through online mobile applications, payday loans seem to offer an easy way out of emergencies. However, they typically charge high interests while the duration of the loan is minimal (2 weeks). Still, these predators will utilize all forms of intimidation to have you pay their loan. I recently failed to pay on the due date and my contact list was sent texts followed by calls. It is embarrassing and I swore to never fall for the trap again. In my region, many students and the middle class that possesses smartphones have fallen victim to these platforms. It is true that only through awareness and financial literacy can one attain financial freedom.
 

bomb

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Hi? It is evident we all need advice on the management of debts and guidance on debts.
This can help customers to have financial stability and you can stand out from the market crowd of other customers.
We really need a lot of financial education to guide us to financial freedom.

It is advisable to dedicate our time and energy to learn a few things that will guide us and are necessary for financial education.
What are different kinds of debts that you know of?.

Are you a student? How do you manage, repay and select your loans?.
Management of finance is something that you can never learn from school. It just requires learning from experience. I usually prefer borrowing a loan that i can afford. That way you will not have issues wit the government or any other financial institution.
 

Nocturnal Writer

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I was in debt from a private lending institution for my children's education.

I never get any loan for personal whims and caprices.

My monthly salary is well budgeted by my conscientious wife and thus we live within our means.
 

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