Debt Is Not Your Friends, Stay Away From It
The earliest you understand that debt is not your friend the best and that's why you must do everything in your capacity to stay away from debt. I understand that some individual actually live on debts and they are doing fine because they know how to manage it but whatsoever it may be the reason, debt is not a good thing and that is why you have to stay away from it.
Though, due to the present state of economy, and with the look of things especially regarding to the rate of debt that has been recorded so far, it is evidently that most people on the debt book are majorly the people that lives a fake life, showing off by living beyond their means. Although, what speed up or alter the rate of debt one has can be related to some certain situations like loss of jobs or unemployment and might sometimes be an emergency health issues. I believe that every individuals can actually do without debt, but irrespective of you get there, the way in which you will get out of the debt should be the only thing you should be thinking about.
Like I said that everyone may not be able to leave a debt free life because you may find yourself in a tight situation and the only thing you can do to sort yourself out is by taking loans or borrow money from someone but you shouldn't be addicted to it because there are actually different means to steer clear of debt and certain ways to go about it.
However, one of the main thing you have to consider if you want to stay or get away from debt is to understand the present situation of your finances concerning your cash flow, expenses and the amount of debt you owed because it will be difficult to proceed further if you don't put in place a certain measure like the one mentioned above.
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Right from childhood, I have learnt to live a debt free life. This was passed down by my parents and my children will learn it too. It's not easy but it's doable. I plan myself according to my income to avoid incurring debts.
Living a debt free life means you're very discipline regarding your finances and it's great to know that and the fact that you want your child to follow your step in that aspect. Thanks for stopping by on my blog and have a wonderful day.
I will prefer to manage the few have got at hand than trying to chase many other things and be in debt. Debt hinders peace of mind, when I see the person am owing I always have a strange feeling, even when they act somehow towards me I start thinking is it because am owing them, so I avoid being in debt so that my mind can be at rest knowing fully well that any money that enters belong to me I don't have to return anything
Being able to manage your finances is very important and debt is not anyone's friend like the title of the post. Just like you, I really fear debt most and I can't tolerate people chasing me around because I owe them.
That's true. Some of us don't have that mind
Sure..
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Sincerely, being in debt gives one this feeling of not been free until you have settled it completely. It stops one from saving more than expected. Though, we cannot avoid taking loans or borrowing, it shouldn't be an addictive thing. Living a debt free life brings so much freedom and confidence.
Taking loans and borrowing is not a bad a thing but we must properly manage our finances and not being addictive like you said. But despite all, living debt free is the best thing because our freedom really matters.