Monday, 08 November 2021 16:31

Know all the details to eliminate your debts

Written by Evelyn Alas

If you want to get out of debt, here are some easy ways to do it.

The first thing you should do is make a budget in which you cut expenses and start saving 10% of your income.

Then it is important to order and list your debts, starting with the one that is easiest to pay off.

Once you have listed your debts, you will start to pay them off. For this it is necessary to allocate 10% of your net income, so it will be easier to apply it to the remaining debts, only that in the following ones you will add the minimum payment of the first debts.

When you have finished with each one of them, you can turn your income accelerator into a savings accelerator.

Remember to always save 10% of your income, only in this way you will be able to have a safeguard that guarantees your financial stability.