HOW TO REDUCE DEBTS

Nowadays, to get the goods whether for our necessity or for other purposes, we need to have the money. So for today’s life, money is very important for human being to ensure they can survive in this worldly life. The one who have more money, the more well their life, where they can get anything they want in this world.

Realizing the importance of the money in life, people always thinking and make all their effort to get the money. One of the ways to get the money is by borrowing from the relatives, friends and financial institutions. But when the debt is increase, the borrower will suffer the stress cause of thinking their debts. So before the debt increase more, we should think how to reduce it. One of the methods is by managing your monthly expenditure well. At the early month, or after you get your salary pay, before you spend your money, you should plan the things you want to buy for that month. But you must bear in mind that you should separate one part of your salary amount as your monthly saving.

The second method is by concentrating only buying the necessary goods and not to spend more on the things that you think is unnecessary or luxury things for you and family. But it does not mean that you cannot buy the luxury things at all. When you think, you had extra money; you can spend it for these things. The third method is cooking the food at home with all your family members. By doing this, you can cut your monthly spending a lot, if you compare with when you eat at the restaurant.

These are some of the method to reduce the debts before it getting larger and larger. So, this method is applicable for all the people no matter what are their status, race or religion.