Debts

Yes, if possible, don't start a debt when there isn't any. Once we allow a debt to grow, it won't not stop. By then, it's too late because the debt had snowballed, and we have no choice but to pay it all. Furthemore, rate of debts snowballing is faster than what we think it would be. It's not worth it to be declared a bankrupt over a debt of thousand or even lesser, from years ago right? I don't like to owe money, interest, so i make sure i pay off everything promptly and i don't even hold a credit card now after i learnt my lesson from the past.

well i have the same issue... my mom and my dad signed a contract where they both can be separated but my dad will give us the support and 3 of us (their children) will stay with my mom.. my mom agreed for 50-50% amount of his salary... bcs of my dad taking one of us away... that.. made my mom said yes to that agreement (not including taking my other sibling away). now that My dad gave my brother back and not adding his allowance and dumping the responsibility to us we have been drowned with depts by my mom and now gasping for survival.. ugh! i cant wait to have a real job ~~ soo yes you should definitly pay depths before making a new one ughh!!

people are in debt simply because they use credit as their disposable income and because people dont know or are not willing to be content with the stuff they have already. personally, we dont have credit cards and havent had them for two years and are working to pay off our debts currently that we incurred before we stopped using them.

hi, some people dont even pay interest or give the borrowed amount though many years pass off , at the end they even dont repay it back.I knw some people who give lakhs of money without interest , for years they suffer alot from the people , they dont like trying to put a case in the court and leave it to the judge,ment of the god.

well i have the same issue... my mom and my dad signed a contract where they both can be separated but my dad will give us the support and 3 of us (their children) will stay with my mom.. my mom agreed for 50-50% amount of his salary... bcs of my dad taking one of us away... that.. made my mom said yes to that agreement (not including taking my other sibling away). now that My dad gave my brother back and not adding his allowance and dumping the responsibility to us we have been drowned with depts by my mom and now gasping for survival.. ugh! i cant wait to have a real job ~~ soo yes you should definitly pay depts before making a new one ughh!!

well i have the same issue... my mom and my dad signed a contract where they both can be separated but my dad will give us the support and 3 of us (their children) will stay with my mom.. my mom agreed for 50-50% amount of his salary... bcs of my dad taking one of us away... that.. made my mom said yes to that agreement (not including taking my other sibling away). now that My dad gave my brother back and not adding his allowance and dumping the responsibility to us we have been drowned with depts by my mom and now gasping for survival.. ugh! i cant wait to have a real job ~~

Ah! Debts! They are a sore point in our house! My husband and I have run out of extra money and if we need anything between now and when he will be paid his next due bonus in six weeks or so we are going to have to go into credit card debt which at this point looks likely. We endeavour to pay each credit card bill every month but it is not always possible because funds are just too low.

unfortunately, people are lured of the easy access to money. let's take for example credit cards. it is so easy to have that buying power. it is easy to be tempted to experience what other able and rich people can with a credit card. it's always that. influence, too, plays a big part, and the lack of contentment. there are still many reasons, i could build a list. sadly some are drawn into debts because a need - tuition fees, payment to other loans, provision of basic needs, etc etc. but debts are debts that should be paid.

hello, That's true a lot of people specially those who dont have income or unemployed are more often to debts than to those people who have work and stable life. right? Well, the bad thing here is that debts are actually increasing like what you have said the interest are more over than what you get. The people dont have a choice because of the price hike of the commodities or products but the salary are not tend to increase. So, lets be aware of what debts might lead us let us always make sure that when we debts we can pay as soon as possible.