7 WAY HOW TO OVERCOME DEBT

1.Develop a budget 

 A budget can help you monitor how much you are earning and spending, and what you are spending money on. Being more aware of your income expenses can help you eliminate or reduce the necessary cost.

2.Don't take more debt

Work toward paying down what you are currently owned before adding any new debt. Avoiding unnecessary purchase. Adding more debt by making unnecessary purchase when you still have a debt to repay will make managing your debt more difficult.

3. Pay your bills in full and on time

Paying your bills in full and on time will allow you to avoid a high interest rate. And late fees. If you are unable to make full payment, aim to pay more than the minimum due to avoid paying more. In interest and fees.

4.Reduce the number of credit card you have

Consider having only a few credit card to manage your debt. Make sure they have a lowest rate available.

5.Don't take debts more than 43%

In my point of view debt is good but debts is not more than 43% of your current income.

6.learn how to manage money or debts

First you should to know how to mange your money or debt read finance related books,newspaper ,magazine etc.

7.Increase your Income

One of the way that reduce your debts by increasing your income make multiple source your income increasing your income
 

Comments

Post a Comment

Popular posts from this blog

5 BOOKS THAT CHANGE YOUR LIFE FOREVER

Image
 TOP 5 BOOKS THAT CHANGE YOUR LIFE FOREVER 1.THINK AND GROW RICH (BY NEAPOLEAN HILL) Think and grow rich is one of the most powerful book that change my life completely. Many people have become millionaires by reading this book and follow their principal. In this book there are 13 lessons is to help to achieve a success. If you follow the principle of this book then no one can stop you from reaching the heights of success. 2.THE RICHEST MAN IN BABYLON (GEORGE S. CLASON) The richest man in Babylon is one of a major book that change. your life completely in this book we have a principle to get rich these books are focus to save a 10% from your income and invest in properly then no one can stop to become you rich. 3. THE INTELLIGENT INVESTOR (BY BENJAMIN GRAHAM) The intelligent investor book is also called as the Bible of stock market this book provide a 20 principal. This book is also suggested by Warren buffet who was the most successful investor in the world this book is written by...
Read more

TOP 3 BEST MUTUAL FUND

Image
 TOP 3 BEST MUTUAL FUND 1)Axis Mutual Fund AXIS asset Management company limited. The formal name of access major Fund is a mutual fund investment being of Access Bank, one of our largest private bank in India. 74.99% share of AMC is held by Axis Bank, while at least 24% is held by. Scholder Singapore Holding Private Limited, the access MFA MC, was incorporated back in October 2009 and has since added by it 3 pillars. 1. Outside - in view - communicate with customers in their language to assist better taking a right investment decision. 2.long term wealth creation - Encourage investor to create a long term investment strategy and play a critical role in their wealth management. 3. Long term relationship - build relationship beyond the filing at the March 31, 2022, the AMC has reported asset under management AMU for a scheme of access mutual fund at rupees of 260335.818 for the quarter . 31 Investment team operating across the 19 nation of Forbidden East Europe, America Access Asia ...
Read more