[nela13]

I pay off my entire balance every month, so there is no interest to be paid.

It is the same with our credit card, we pay no interest as we pay everything by the end of the month. Our credit card even has benefits as we have cashback, we end up earning using it.

[augusta]

Debt is financially draining it is good to get rid of it as fast as possible

[Abdulhamid001]

Ignoring debts is impossible. They make things harder in life. When you're weighed down by debt, you can't move forward, nor build towards an emergency fund. But, with better control, planning and discipline, the road to financial freedom will be yours.

If you have too much debt, start repaying that first, because protecting your present is crucial so that you do not have to sacrifice your long term goals. Once you get your finances back on track, you can start saving for the future and live a mentally fulfilling rewarding life too. Make your future bright by being debt free.

You are right about this, I still wonder how people ignore their debts and still feel comfortable, ignoring Debts just makes your financial life worse and you won't be able to plan for savings.

[astutimeliana723]

I won't ease with debt unless it's urgent. It's like I don't have any money at all for food or medicine, so I'll be in debt and try to pay it off immediately when I have money.

[augusta]

Debt is a big thief of one's finance. Rid yourself of such burden and live a good financial free life.

[Semi]

Debt os a huge setback on a person's lufe. Any person that desires to push forwardcin life should avoid debts atvall costs. I also struggled with debts for a long time.

[eldavis]

Saving is extremely important, saving has prevented me from having to borrow to sort out one thing or the other in the future.

[nela13]

So I would say having an emergency fund is more important than paying off debts with low-interest rates.

Right now I can say that I have an emergency fund, we made some investments and we are now receiving good returns from it but we only could make these investments because we had no debts.

[astutimeliana723]

Saving is extremely important, saving has prevented me from having to borrow to sort out one thing or the other in the future.

That's right I agree with you. I have savings that I've accumulated over the years, that way it keeps me from hopefully borrowing, and really helps me out when times get tough.

[oldbuddy]

It's Not the WHY that keeps people from staying Debt Free, it's the HOW. Solve that problem and you can stay happy. Everyone wants to stay happy, it's just a matter of how bad they want it.

[Semi]

I understand firsthand how debts can wreck your life. And render you financially toothless.

[Tendz]

Debts have a way of slowly tightening their grip on your life, suffocating your dreams and aspirations.

[Treborika]

l had managed to pull out of the debt las month but l was forced in to it once again due to an emergency that emerged a long the way.

[Uty Theo]

I hate anything that has to do with debts because it can easily create a borrowing cycle where a person keeps borrowing from different sources. Sometimes, the person would even borrow to pay back debts.

[Presh]

l had managed to pull out of the debt las month but l was forced in to it once again due to an emergency that emerged a long the way.

It is not too bad since you took it for a pressing emergency... Some peopl even take debts to satisfy cravings which is very bad and unnecessary.

[Nsikan]

Debts are extra financial burdens. As much as possible, it should be avoided if there is a way to avoid such.

[ptrikha21]

Debts are extra financial burdens. As much as possible, it should be avoided if there is a way to avoid such.

Yes, else one learns in a very very hard way. Often taking Loans from different sources gives short term benefits, yet over a period of time, things become more problematic in terms of Financial Management.
I learnt it in hard way.

[nela13]

Yes, else one learns in a very very hard way. Often taking Loans from different sources gives short term benefits, yet over a period of time, things become more problematic in terms of Financial Management.

It is a big mistake to take one debt to pay another debt or debts, it is always an endless road, it is always better to make some sacrifices and put money aside to pay our debts as soon as possible, only after that it is possible to have extra money to save.

[King Belieal]

I wanted to take a loan to start a business but it didn't get approved. Looking back now, I know I would have been trapped because the sector collapsed entirely.

[Nsikan]

Yes, else one learns in a very very hard way. Often taking Loans from different sources gives short term benefits, yet over a period of time, things become more problematic in terms of Financial Management.

It is a big mistake to take one debt to pay another debt or debts, it is always an endless road, it is always better to make some sacrifices and put money aside to pay our debts as soon as possible, only after that it is possible to have extra money to save.

When you take a loan without a concrete source to pay back, you would surely be trapped in that continuous cycle of taking more loans to pay back previous loans.