Real Causes of Debt That You Should Steer Clear From
Written on 5:32 PM by zorayda
No one is exempted from the risk of debt problems. Everyone can get stuck in debt at the most unexpected times. The sudden loss of job, divorce, sickness, failed business – these are just some of the factors that are beyond a person’s control. This article focuses on the real causes of debt and what you can do to avoid it:
Spending more than what you can afford. Are you frequently spending beyond your means? To answer this question, list down all your expenses for the month and compare it with your income.
Is there enough money left to pay your most important bills such as utilities and debt repayment? Are you able to set aside some of your money for savings? Or does a large percentage of your income go to splurges or unplanned purchases? If you have no idea about your spending habits, it’s about time to evaluate yourself.
Continue reading: Real Causes of Debt That You Should Steer Clear From
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Spending more than what you can afford. Are you frequently spending beyond your means? To answer this question, list down all your expenses for the month and compare it with your income.
Is there enough money left to pay your most important bills such as utilities and debt repayment? Are you able to set aside some of your money for savings? Or does a large percentage of your income go to splurges or unplanned purchases? If you have no idea about your spending habits, it’s about time to evaluate yourself.
Continue reading: Real Causes of Debt That You Should Steer Clear From
RESOURCES for YOU:
RELATED ARTICLES:
- Buried Under A Lot of Debt Doesn't Mean You Have A Bad Credit
- The Human Side: Debt Stress
- Pay Your Debts of Put Your Money on Savings?
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