Is debt an inevitable aspect of life?

[klassicdoll]

It is inevitable to deal with debt in life. It has an impact on your wellbeing, financial independence, employability, and credit score. The majority of us have some sort of debt to repay. But it might be difficult to envision a path out when debts keep piling up on top of one another. making debt inevitable for the majority of individuals and companies. Even though it can support our progress or enable us to make significant purchases, it's nonetheless critical to comprehend how it operates. You bear the responsibility for both principle and interest payments.

 

[King Belieal]

I always believe you can stay debt free if you plan your life and have a little bit of luck. Most people just fall into debts because of high magnitude emergencies like ill health.

 

[Starmix]

I experienced debt when I was a new employee and after that, I got rid of it. It was scary. There is no reason. I just discipline myself from overspending. I am more on saving this time.

 

[Augusta]

No you can be debt free just live by what you earn and do things within your pace. But if it's necessary go for debt but if not avoid it.

 

[eLdavis]

I always believe you can stay debt free if you plan your life and have a little bit of luck. Most people just fall into debts because of high magnitude emergencies like ill health.

Very true, everything has to do with planning. Like myself so far I have never had to borrow form anyone and I am hoping it would never get to that level because I am seriously trying to manage myself.

 

[Starmix]

Debt could also solve an immediate financial problem, what is important is you must pay your debt according to the terms and conditions set by the bank for example.

 

[freelancermaria]

I was in debt when I had my credit card, so I decided not to use it anymore. Having a credit card causes you to overspend or purchase unneeded items, which you may later regret.

 

[Starmix]

I surrendered my credit card because it gave me a headache when it was gotten by fire and the bank was not reached right away because of the merging issues of banks. I realized late that our account unpaid will double every two years.