Everyone is determined to be free of debt, right? Moreover, if you have any outstanding educational, personal and credit card loans. It's even more unfortunate if you're forced to bury your family's debt. But before you approach the debts, take note of these four financial principles and practice your 'phobia' for debt.
1: Buy in cash
Stop and keep all transactions called ansurans, buy first pay later, easy payment scheme and so on. If you are in debt, that means you have not been able to buy the goods. So, keep the money up enough, just buy.
2: Live under the ability, not in abilities
Purchase the need, not the ability, not to mention the will. If you can afford a local car, just use it first. Forget temporarily the word 'chic' in life until you are really able to 'stylish'. The saying 'let the fashionable papa' have not been used anymore. For me, let's not be stylish, as long as your pocket is rich!
3: Start saving a little bit
It's okay, as long as it's save - even just $ 20 a month. Keep the paycheck up to the account and do not wait for more money at the end of the month. If you can not save $ 20 a month, you can save $ 2 a day and go into a special fund or account. At the end of the month, you'll have $ 60 in your bank account. No matter what the amount is, it's important that you have to save.
4: Find a side income
Get involved in the business, but not rich quick schemes. Assume the salary as money for the months, and the business as a source for increased savings. Save business results one hundred percent. If you want to use it, do not over 50 percent! The money of the business is proven to make you free from debt.
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