Here's Why You Shouldn't Cut Your Budget to the Bone to Get Out of Debt - News Summed Up

Here's Why You Shouldn't Cut Your Budget to the Bone to Get Out of Debt


If you cut calories dramatically for three weeks before a big event, sure you’ll lose weight. Sure, you can cut your budget to the absolute bare bones to pay off credit cards in a matter of months. You could spend on only the absolute necessities — food, housing, utilities, and transportation — to pay off debt more quickly. Bodybuilders who are already in excellent shape will often cut calories dramatically right before an event. In this case, a few weeks or a couple months’ worth of cutting your budget to the bone to pay off the debt may make sense.


Source: Huffington Post June 26, 2017 17:26 UTC



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