Carpon
Valued Contributor
Being a debtor is certainly something nobody would love and therefore people always strive to avoid getting into loans in whatsoever ways possible. That may not really be an easy task but then I have some few tips that may be helpful for those who wish to get out of the habit of loan in this new year.
✓ Find more ways to make money: this may not seem a good advise at first but what makes you collect loan is lack of funds to do what you want to. Getting more income means will make you earn more and reduce your susceptibility to debt.
✓ Imbibe good savings habit: sometimes even when you earn a lot, you will still find yourself getting into debt because of improper usage of funds. Something you should consider this year added to the above is to begin saving properly. Have a good savings plan and also practice good financial habits.
I think these two will go a long way helping you avoid debt this year.
✓ Find more ways to make money: this may not seem a good advise at first but what makes you collect loan is lack of funds to do what you want to. Getting more income means will make you earn more and reduce your susceptibility to debt.
✓ Imbibe good savings habit: sometimes even when you earn a lot, you will still find yourself getting into debt because of improper usage of funds. Something you should consider this year added to the above is to begin saving properly. Have a good savings plan and also practice good financial habits.
I think these two will go a long way helping you avoid debt this year.