Signs of financial danger
1. No deposit in the bank at all.
2. Pay credit card charges should be paid at the minimum only.
3. The family does not care to come to the rescue again.
4. Do not look at the bill of expenses every month.
5. To pay the cost necessary to slow down.
6. Stress, nervousness, worry
7. Trying to find a way to borrow money from other funding sources.
Getting rid of debt
Try to use high-interest debt such as credit card before the interest rates of 18-25% per year.
Pay of credit cards these before. Then be used to pay interest on other liabilities less.
Reduce the expenses
Try to reduce unnecessary expenses and spending plans as necessary.
- The package of pay monthly mobile prepaid, to control costs within certain limits.
- Cancel cable TV, try to buy a satellite TV with no monthly fee.
- Do not buy the stock. If there is not much of a family member, the stock of a large number could be costly and may rot before wasting time and money.
- Stopped for a view of the lack of goals, which pose a risk to spend.
- Rejection of the party with some friends. This will cause an expense at all times.
- Stop shopping Saturday - Sunday, because the risk of spending.
- Move back to live with parents to reduce the cost of housing, food and travel.
Summarize
1. The debt down quickly, so plan to make money quickly as possible. The best way isto cut costs.
2. The highest interest debt first, then use the next highest debt.
3. It does not create additional debt, cut costs, find additional income.
The objective is to increase savings.
