Learn how to get rid of debt.
on Sunday, March 30, 2014
Learn how to get rid of debt.
Here are a means to get rid of debt:
Rights may learn how to manage his money and his savings , but what about the debt prior to this learning ? Does a person must suffer the brunt of the debt , even after you know the danger ? Of course not , there are many ways and means by which to get rid of the debt regardless of its size. The following are some of these methods :
1 - Stop off for borrowing Whatever your needs and Mbrratk amounted to obtain funds through borrowing , not bow to them, and Invite to live without any religion, no matter how small , you will not succeed in getting rid of your current debts that you have continued to add new debt to them.2 - Keep on payments owed If you can reschedule your debts so as to increase the amount of monthly payments on debts incurred , so please do not hesitate , then it will contribute significantly to the speed of disposing of your debts , but will reduce the benefits of it .
3 - rushed to build the balance of emergency Build your emergency credit equivalent to three months salary , and can be used to cope with any emergency that may Idtrk to borrow money , and is therefore one of the main lines of defense in the face of the need for debt .
4 - dish method « snowball » A method devised by Dave Ramsey, author of the book (The Total Money Makeover). Summed up this idea of creating an effect similar to that caused by a snowball , when you start small and end Baltdhrj very large . The matter the same can be applied to the debt , it's best to start small debts first , where it is possible to get rid of them more easily than large debt which may require several years to get rid of them .With all the new debt is eliminated , you will feel proud of your ability to defeat this debt , and thus will be generated to have a great incentive to continue the journey , WWDC bastions your debts one by one .
1 - Stop off for borrowing Whatever your needs and Mbrratk amounted to obtain funds through borrowing , not bow to them, and Invite to live without any religion, no matter how small , you will not succeed in getting rid of your current debts that you have continued to add new debt to them.2 - Keep on payments owed If you can reschedule your debts so as to increase the amount of monthly payments on debts incurred , so please do not hesitate , then it will contribute significantly to the speed of disposing of your debts , but will reduce the benefits of it .
3 - rushed to build the balance of emergency Build your emergency credit equivalent to three months salary , and can be used to cope with any emergency that may Idtrk to borrow money , and is therefore one of the main lines of defense in the face of the need for debt .
4 - dish method « snowball » A method devised by Dave Ramsey, author of the book (The Total Money Makeover). Summed up this idea of creating an effect similar to that caused by a snowball , when you start small and end Baltdhrj very large . The matter the same can be applied to the debt , it's best to start small debts first , where it is possible to get rid of them more easily than large debt which may require several years to get rid of them .With all the new debt is eliminated , you will feel proud of your ability to defeat this debt , and thus will be generated to have a great incentive to continue the journey , WWDC bastions your debts one by one .
Types of debtBefore proceeding to get rid of the debt , it is necessary to recognize the types of debt to be disposed of. Divides where many writers in the field of money management debt into two parts , the debt is good and bad . When
you borrow for investment and achieve greater returns than those you
owe as a result of this borrowing , you can name this type of debt we
have well . For example , if you bought a property generates additional income constant , then you can call this our religion well . If
borrowed in order to spend the summer in one of the foreign countries,
or to buy a new car , you will be a victim of the so-called bad debt . Here we find that the difference between the two lies in the desired end of their use .The mere awareness of the difference between the two types is
sufficient to make you a director subtle for your money , it is through
proper management of your debts can identify the best ways and channels
to direct your expenses , and you can also exploit your financial
situation and your ability to borrow to build your fortune in private .Can
be likened to the provision of funds and to ensure it, and then spent
on consumer issues , such as that required the same diet tough job , at
the same time dealing with the delicious types of sugars and sweets so
whenever I talked to himself .
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