How to stop owing debt again and again

[Aragon05]

Stopping the cycle of an in-depth and gaining financial stability requires careful planning and discipline financial Management first make a list of all you are dates including all types of debt outstanding balance and all your income this will give you a clear overview of all your dates then make a budget that outlines your income and all your expenses this will help you understand where your money is going and how you can cut it back

 

[King Belieal]

If you are talking from a business point of view, it is important for a business to seek to operate within a capacity that it's financial resources can reach to stay away from debts.

 

[eLdavis]

If you want to stop owing debt, you need to work on your self control and discipline. Then learn how to manage the little you have be content with that

 

[Starmix]

Debts are continuous and unstoppable. It is like addiction and the only way to stop it is to stop it. Self-discipline and self-control are what you need. You have the mind to assess your actions right or wrong.

 

[Kirubel]

Debt is a bad thing and some times if we try it once then there is no going out from it, so the best thing to stop owning debt is not to get it in the first place otherwise its very hard to get out of it and to stop it.

 

[Starmix]

Debt is a bad thing and some times if we try it once then there is no going out from it, so the best thing to stop owning debt is not to get it in the first place otherwise its very hard to get out of it and to stop it.

If possible refrain from getting accustomed to borrow money. We're only throwing money through paying an insufferable interest. It's good to live beyond our means or no means at all .

 

[Kirubel]

If possible refrain from getting accustomed to borrow money. We're only throwing money through paying an insufferable interest. It's good to live beyond our means or no means at all .

True, some times borrowing money from any one will make you to live like a slave and you can't say anything to the person who borrow you a money and you will accept anything they say to you.

 

[Nomad]

One of the main reasons why people get into debt is because their expenses are higher than their income. Therefore, they end up talking debt to pay off their bills. One of the easiest ways to tackle this issue is by minimizing your lifestyle to cut your expenses.

 

[Starmix]

True, some times borrowing money from any one will make you to live like a slave and you can't say anything to the person who borrow you a money and you will accept anything they say to you.

If we borrow money, we are making the owner get richer through the interest that we pay monthly plus the surcharges in case the borrower fails to pay in a single month.

 

[Kirubel]

If we borrow money, we are making the owner get richer through the interest that we pay monthly plus the surcharges in case the borrower fails to pay in a single month.

You ae so right, if we think we can get good thing from barrowing we are making a huge mistake, if we borrow money from a person then we are making the person rich, and the interest is something that will destroy our financial ability.

 

[Aragon05]

Debt is a bad thing and some times if we try it once then there is no going out from it, so the best thing to stop owning debt is not to get it in the first place otherwise its very hard to get out of it and to stop it.

It's would have been much easier if one can stay out of debt but sometimes, because of the condition we found ourselves it's make us go into owing debt with no option.

 

[Kirubel]

It's would have been much easier if one can stay out of debt but sometimes, because of the condition we found ourselves it's make us go into owing debt with no option.

True, if we don't have any option we will be forced to take a loan and get in debt, but i rather take a loan from my families rather than any other person, at list they understand me when it take some time to pay them.

 

[Stardom22]

Operations of the business activities with loan money is really like a suicide for sure. I bet one should avoid debts at all costs.

 

[Springtime]

I think self control and self discipline are the only way to stop owing debts. Never spend more than you earn.

 

[Starmix]

Self discipline is a must for an individual to stop his borrowing money malady. It will become his habit which cannot be detached from him.

 

[Kross]

It starts with a determination to just stick to a lifestyle that would keep you debts free. Just manage your life within your means.

 

[Suba]

To be able to stop the habit of debt that you have done many times. The first thing you have to do is to make up your mind and strengthen your will to stop debt, then you can apply the strategy of paying off a lot of debt.

 

[codescript94]

In fact, it is necessary to have a lot of discipline to have any management, including financial management. To save money you cannot have an account and to save money you need to work twice as hard, earning more than you spend monthly is simple.

 

[Medo24]

Self discipline is the first approach that can help stop a debt because if you are not disciplined you could still owe debt even if you have money. The next thing is to ensure contentment, this way you won't be extravagant then work smart to earn enough for your needs.

 

[King Belieal]

You have to know what you can afford and only stick to live with that to avoid entering into recurring debts.