Debt is the most problem happen to everyone. Sometime debt will make we are facing in problem. It make disturbing until to your office work. Debt will make some i stress while all the money are automatically finish every month just paying all the debt.
How to avoid it? More detail below :
1) Setup and train your mind that you do want ant debt anymore. Even borrowing money from Friends. If you married, tell to your spouse about this. Make them understand what you doing now.
2) Write down your monthly budget. Follow the budget properly while your salary is out. Write down all you expenses even one dollar on it.
3) Try make a saving. Firstly think that your saving is for emergency fund. Do not take it this money. Always think this is purposely for emergency.
4) Plan carefully to buy a car. If posible take it as cash. If not do not buy new car. Cause the value will be drop after 2/3 years only. Save your money by buying cash 2nd hand car. You no need to think about car expenses to the bank anymore.
5) Get the Insurance health. It to cover all you big debt if you death. Do not leave your spouse with your debt.
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Tags: Avoid, Budget, Debt, Insurance, Monthly
May 28th, 2009 at 2:09 am
Good post but not cool enough to rule. I usually never comment on posts, and yet I can’t help leaving a comment: people never learn, they will always spam you! Amazing work.. beautiful ?
July 4th, 2009 at 10:50 am
That?s Too nice, when it comes in india hope it can make a Rocking place for youngster.. hope that come true.