How do you manage your personal debt?

[Stardom22]

Nowadays we have so many technological tools that help in the management of the personal finances like income, expenses and debt. So how do you manage and control your credit worthiness?

 

[Suba]

Although I currently do not have personal debt, I can give advice to anyone who needs a way to manage personal debt. Basically, financial apps are just tools to make it easier to record, not the main motive or intention to pay off personal debt, so the first thing you have to do is change your mindset to pay off debt immediately, pay off debt with high interest first, create a side hustle, etc.

 

[King Belieal]

I always craft a strategy to pay what I owe. If it is small debts, I would set a date that I would pay it out. If it is big, I would make arrangements to pay installmentally.

 

[Springtime]

Currently, I do not have any debt. In fact, I do not like to borrow money except I use credit card for cashback. I always pay my credit bill on time. Never paid any interest.

 

[Fire&Rain]

Currently i dont have any debt to my name. But for those that do have debt, make sure you pay on a weekly or monthly basis without fail, make it a priority to avoid instances where you fail to pay and loan interest accumulate to a point where the debt overpowers you. Take advantage of apps that help you keep track of your expenditures and loan payments.

 

[Tray59]

Managing personal debt is very easy for me since am a wages earner dear what I do is for me to try my best and settled all the debt within me in matters of day's after receiving my salary it's nice for me to do this because when I spent the whole money it's going to be a bit difficult for me.

 

[pousinha]

I have never had any debt and I don't have any currently. I only manage expenses and income, but in my couple these latter are simple and I only need a calculator app.

 

[Augusta]

Develop a budget that aligns with your income and expenses to ensure you can afford all monthly payments.