6 Signs You're Good At Handling Debts

As much as possible, we don't encourage you to have debts. But we feel you! There are really times when we just need to have that money available A.S.A.P, and there's just no other option but to borrow, whether it's from a friend, from your parents or an institution.

So here are 6 signs you can handle debts pretty well.

1. You pay 2 DAYS before it's due!

If you happened to borrow from a friend or a loved one, you make sure that you pay them ahead of time because for you, this is one way of showing your respect for their hard-earned money. If you can't pay them two days before, you at least pay them on the AGREED date because you are aware that broken agreements are the usual causes of broken relationships. And it return, they are even willing to lend you bigger money the next time you borrow again without interest simply because they love and trust you. TRUST - big word! (borrowing that from Sarah G.)

2. You don't borrow money to pay for another debt

Because you know it's RI-DIC-U-LOUS! Who does that? You know that it doesn't solve the problem. You realize that it just actually makes things worse, like a snow ball effect.

3. You think of CREATIVE ways to pay your debts

Sometimes sweldo is not really enough, so you expand your means. You think of legal and moral ways to come up with the money you need. Whether it's offering a side hustle like web or graphic designing, tutoring, baby sitting or even selling pre-loved clothes on Carousell! You just go ahead and do it because TRUST is very important to you.

4. You pay the EXACT Amount no matter what!

You know exactly how it feels when you lend someone your money and they don't pay in full! Thus, you keep your word with your creditor.

5. You have a systematic way of setting aside money for clearing off debts

You know that it's not the right time to buy new H&M clothes when you actually just owe a person money. So you budget wisely and you make sure that you don't touch the money you're saving to clear off debts. You actually KNOW that it is very insensitive to post a picture of you showing off your Forever 21 paper bags in social media with the #blessed when you know you owe someone else's money. Ugghhh puhleeeeassseee.

Annnnd....

6. As much as possible, borrowing money, for you, is the LAST OPTION.

You're not comfortable having debts, you can't sleep. You don't have peace of mind. Therefore, you treat it as the last resort. And if ever you decide to go for that, the moment the money lands in your hands, you automatically think of ways to pay it earlier. Because it's just really uncomfortable for you owing other people's money. As much as possible you always see to it that you pay things on CASH. If you don't have the cash, then for you, it means you can't afford it yet. You know that it is always smarter to pay everything in cash than getting a loan, because the interest from there just makes the things you bought more expensive than its original price.

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Disclaimer: The author of this article is not connected or affiliated with any investment companies and or Financial institutions that offers the investment stated above. All information shared in this blog is based on her research also indicated from the bank's website and her knowledge from taking training and seminars in the financial industry.

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To God be the Glory!

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