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Debt
Free
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Totally Debt-Free Lifestyle
Your Transition in Having a Better Financial Situation!
How to
avoid debts.
Unfortunately,
and based on studies, people do not deal very well and take debt
seriously, this leads to huge bills and debts accumulation and
long term interest payments.
Take the
following few advices to avoid debts:
If you have
credit card debts, which is in most cases the biggest source
and the most serious of debts accumulation especially for
students and newly graduates people, you must pay off as
quickly as possible to avoid long term debts. Take this
advice seriously, because ignoring or delaying any payment
can become a nightmare and eat you alive.
Learn and
learn how to calculate interest,
Totally Debt-Free Lifestyle will explain
step by step how to perform these calculations.
ALWAYS check
the interest rate. You must ASK first, you must receive
clarifications before choosing a credit card. DON'T assume
that you have the lowest interest rates.
H aving
multiple cards is like owning multiple weapons and you will
risk injuring yourself. Keep one or maximum two credit cards
with you. This way you can handle your debts easily
Educate
yourself on how credit cards calculate interest. Then, check
the interest rate on your credit cards.
Know what you
want to pay! Never use your card for something you cannot
pay for with cash. When you have a checking account and have
a debit card, use it. This card is very useful for small
items rather then even paying interest for small items.
Credit cards make paying money easy. They also make going
into debt easy
Always have a
plan to pay back your debts. If you need to buy something,
think first “how can I pay it back?”
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