I know most of us makes loans either through a company, bank or even from a friend. These are loans so we must pay them back. Most companies and banks have a schedule made up for payments. Sometimes we feel it is too hard. Well we had to borrow to pay other bills or debts. It is like a circle going around and around. Before taking out a loan we must first see if we could handle the payments. Try to choose the payment plans where you know you can pay on time.
Always check your list or diary. But I think it would be easier to remember if you write it on the calendar in big red ink, or in blue but I think red is more noticeable.
Try to set aside some small amount for the payment, then check the calendar, if the date is coming close soon, find ways to reach the payment needed. Just think that you are paying off your debt slowly and soon you will be out of debt.
Some people if they can not save for the payments, try to loan elsewhere to payback the other loan. It goes round and round. It is not good to loan if you know you can’t payback, but sometimes something good happens and a good Samaritan helps you.
But paying your debts on time gives you a good credit history and it makes it easier to loan again. Sometimes we can’t can’t go on life without a few debts or loans. The way the prices are going up, you need to have 2-3 jobs just to be able to live comfortably with out debts.
But setting aside some amount of your income helps you to be able to pay your debts on time. Getting another part time job or an online job gives you the extra income which will be a big help for you. We all need to be more practical, hardworking and inventive.
The best thing to keep from getting drowned in debts is not to loan 🙂