It is the only way you can keep your spending habit on check and prevent your debt from ballooning further. Avoid taking new loansThe point of paying off a debt, is to end the vicious circle of constantly being in debt. Once you start paying your off your debts, the worst mistake you can do is thinking you can afford to take another loan. Learn to say noOnce you are ready to start paying off your debt, identify all your weak links and find a way to keep them in check. You may not realize it but you actually spend more money monthly than you should without a budget.

Source: Standard Digital August 31, 2020 09:45 UTC