Hello everyone!Myself voidd is back.Hope you all are doing great.
So let's get started.
Source- https://pixabay.com/photos/man-thinking-money-debt-mortgage-5982512/
How to overcome debt?
No one really tries to get in debt.Its the situations or circumstances that puts a person into it.However getting out of debt is possible.Below are some steps which may help to overcome debt.
- Emergency fund
Having an emergency fund is very important for uncertain situations like loosing a job,accidents etc.Every person should have an emergency fund which should consist minimum of their 1 year salary.
2)Track down your unnecessary spendings
The next step to overcome debt is to track down unnecessary spendings.One should figure out where the money is going.He/she should spend the money economically until the debt is fully paid.
Some steps to track down the unnecessary spendings are
i)Keeping notes in a notebook
ii)Keeping receipts
3)Set up a economical budget
Once the unnecessary spendings are tracked,the next step is to set up a economical budget.The tracking of spendings will show you places to cut the unnecessary spendings, you can see the places where you are spending too much.One should make the budget keeping in mind the balance between livability and a strict budget.
4)If you can't afford it without a credit card don't buy it
This is the most common mistake to get into debt when a person borrows to buy something.
The rule is If you can't buy something in cash don't buy it.Dont buy it if it makes you borrow money.
5)Decide how much you can pay each month
One should decide the best possible amount to pay each month to get rid of debt.The more you can pay above the minimum each month,the faster you can get rid of debt.
Its always possible to overcome debt,you just need to take the right steps.
That's it!
Thanks you all for giving me your valuable time.
Stay safe!
Hi dear,
Please, stop posting such articles in our community. We support only #steemexclusive articles and your article doesn't match the criteria as it has already been shared on another platform some months ago. Below is the link.
https://peakd.com/hive-167922/@voidd/how-to-overcome-debt
Also, please verify yourself from the Newcomers Community before posting in any other community.
Cc: @devil-eyes
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Great effort.... I was looking into his content.. Meanwhile got your comment. Tell me the percentage of plagiarism?
Keep it up and give him warning
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50% plagiarism.
Thanks for appreciating 😊
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But that is my account on hive by the name voidd.
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@devil-eyes , @steemdoctor1
You can verify if it is his own account.[hive]
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Good morning dear.
Actually, the whole post is the same as it was posted at hive. That's why I mentioned it here as its not #steemexclusive. Moreover, the user is still not verified on the platform.
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Alright I am not posting my hive posts anymore
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And don't forget to verify yourself from the Newcomers community. If you have any questions, you can contact me on discord.
steemdoctor1#7159
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All of his posts are taken from hive that are posted here in steemit. But the account is surely his or not, cannot be told exactly because he has not done any verification post in steemit even in hive also
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