
Smart Ways to Manage Your Debts
Contrary to what many people are saying, debt in general is not a bad idea for as long as you can manage it. It only becomes bad if the borrower uses it for splurging or for flexing a lavish lifestyle that he or she can’t actually afford if not for the money he or she borrowed.
There are many reasons why people are taking out debts- some for personal use and others for business purposes. Whatever your reason for acquiring debts, the best way to ease out your finances is to effectively manage them. Here are some tips on how.
Start by making a detailed list of your debts
Grab a pen and a notebook or if preferred you can make use of a doc file on your computer for this. Take note of all your debts whether big or small. Create a list and add all details including repayment terms, dates, r...