Hello Friends,

Here I am Lucia again trying to find a good and virtuous topic to inscribe and share at the same time to learn about.

So the topic for today is "Personal Finances and Debt Management".

---

Income is earned with effort and is precious in terms of future needs. Do not think of it as 'easy to see, easy', as many are willing to do. To ensure that one can manage their needs and not get into debt, it is advisable to set aside every day of income. The next few will grow over time and when emergencies arise they will be available. If, on the other hand, one is already stuck in bad times and has debts as a result, then there is a way to handle it.

For this exercise you need a special book. It can be an exercise book in which some columns are governed, or the most specialized book purchased in the store. On a page you need to write down all your debts, include things such as rent, expected cost of purchase, and such. No matter the amount or size in this stage. Make a total at the bottom.

On the opposite page, write down all your income. You will quickly see how short you are between the two columns. Now here comes the trick.

Subtract the rent and expected purchases from the total expense. Now decide which are the most urgent bills you have to pay and the total of them. Call each company and offer a smaller payment per week or fortnight in the coming months. Do not touch too much and make sure this is feasible.

Make a note of this commitment on the debit side and add that to the rent and purchase amounts, and make sure you have covered them. Now take a little more, whatever you can afford, even if it's as low as $ 5 or $ 10 and slip it in an envelope and put it in a safe place. Do not spend a penny unnecessarily. Forget coffee cups and luxury items because they do not fit the budget.

Slowly work to get out of the debt situation and do not buy anything that you can not pay in cash. Cut the credit card and use only cash to buy your products. The rent can be paid through the payment system b, it is possible, along with the invoices of other companies. This will save you time and effort when running.

This program works and all that is needed is discipline and time to calculate the budget and stick to it. Over time, the little that separates each day of income will give you security to deal with unforeseen obstacles as they arise. They can also be enough to offer an outing or a vacation from time to time. In no case relax the management of debt because you will never regret.

---

Images Source

---

Read my other posts...

https://steemit.com/health/@luciamuresan/should-we-excuse-our-bodies-for-being-alive
https://steemit.com/money/@luciamuresan/why-the-wealthy-give-to-charities-and-others
https://steemit.com/health/@luciamuresan/how-safe-are-body-piercings-and-why-get-them
https://steemit.com/information/@luciamuresan/what-is-the-point-of-recycling-waste
https://steemit.com/spirituality/@luciamuresan/why-are-catholics-so-vulnerable-and-accepting-of-their-faith

---

So friends, upvote & follow me if you like my thoughts and share your thoughts in comments.

Bye for now, Take care...

Regards from: @luciamuresan