How to Pay Debts Faster

Golden9 · Nov 9, 2022

Paying off your debts fast has many advantages. You get peace of mind, you cam spend any money you earn as you wish, whether on personal needs, savings or investment.

One of the ways to pay your debt faster is to cut down on spending on personal needs. It's possible, and you can look for cheaper alternatives or cut down on quantity.

Another way is to get a source of extra income.

Hate2Wait · Nov 9, 2022

Another way is to not take more debt because I have seen people taking debt from another person to pay their existing debt and I think it's a very bad habit and when we are under debt then we should cut on our expenses and start pay our debt.

uptrendfinancialsignal · Jan 12, 2023

Payment of debt quickly means you need to plan before you receive the loan but if you do not plan well and you receive loan. If you are unable to pay, it will be extremely difficult.

Springtime · Jan 12, 2023

I never owe any debts but I do use credit cards for cashback. I always pay my outstanding dues on time so that I don't have to pay any interest.

uptrendfinancialsignal · Feb 6, 2023

Springtime said:
I never owe any debts but I do use credit cards for cashback. I always pay my outstanding dues on time so that I don't have to pay any interest.

The greatest thing that you can have in life is not to have debt accumulating because it could be very disastrous.

Stardom22 · Feb 6, 2023

For me there is no way for paying a debt faster. In the first place you took that loan because you were broke and sorted up your issue. How comes you can repay this faster?

Bisolami · Feb 7, 2023

Golden9 said:
Paying off your debts fast has many advantages. You get peace of mind, you cam spend any money you earn as you wish, whether on personal needs, savings or investment.

One of the ways to pay your debt faster is to cut down on spending on personal needs. It's possible, and you can look for cheaper alternatives or cut down on quantity.

Another way is to get a source of extra income.

Golden9 said:
You could pay debt faster whenever you invest the money in a business that will make you have some profit

Shavkat · Feb 7, 2023

I agree that we can pay our debts by lessening or cutting unnecessary expenses. That makes cost-cutting an effective way to pay debts timely.

Starmix · Feb 7, 2023

Live beyond your means . Stop shopping momentarily to avoid over spending. You also need to invest more or find part time jobs offline and online.

eldavis · Mar 1, 2023

Like you said, if you want to pay your debts faster, it would be wise to cut off any unnecessary spending. Have a budget for how much you would and what what you should spend on.

Passiveearner · Mar 1, 2023

I beleive that the only way to pay debts faster is to never take loans in an excessive quantity. This is the only best way to pay the debts faster.

IB D · Mar 1, 2023

It is very hard to pay debts in the midst of pressing personal needs. Your integrity should allow you to prioritize your debts when you have money. Peace of mind is good to have.

Niyi Briggs · Mar 1, 2023

I try paying my debts by doing it bit by bit. No matter how huge the debt is, when you drop something, no matter how small, it has reduced the debt amount..

How to Pay Debts Faster

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