Budget can help get rid of debt
If you can curtail this spending, it will allow you to pay more towards your outstanding debt, ensuring that your debt is paid off sooner.“Investing is the next level to generate wealth, but think of it this way: would you go for seconds and start eating another meal when the meal you are currently consuming is not finished yet? It is best to pay off your debts with the bulk of your money.”
It is better to contact credit providers to plan how to cope than to do nothing. “The good news is at this point it is not too late to do something about it. When you see that you are not coping, call your credit providers or bank to report that you are struggling and ask that a reasonable reduced amount be calculated.”
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