Should you prefer paying off debt fist or save money first? Paying of debt is equally important like saving money…..
The biggest scam in the loan market are the loan sharks, especially in the 3rd world countries, they know that people are in need of money so they process out loans at a very exorbitant price, and when you mistakenly default on your payments, they'll keep on adding ridiculous interest on the loan. TRead more
The biggest scam in the loan market are the loan sharks, especially in the 3rd world countries, they know that people are in need of money so they process out loans at a very exorbitant price, and when you mistakenly default on your payments, they’ll keep on adding ridiculous interest on the loan.
There’s also other ways they make it hard for people, when you take loan they’ll copy all of the contacts in your phone and call them, telling them you’re a scammer and you run away with company’s funds.
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Paying off debt should be paramount and that should be number one thing you should focus on if you're trying to get your personal finance in order, if you save money and you still have debts it's kind of counter productive because you still have to pay them. It's more effective to pay off your debtsRead more
Paying off debt should be paramount and that should be number one thing you should focus on if you’re trying to get your personal finance in order, if you save money and you still have debts it’s kind of counter productive because you still have to pay them.
It’s more effective to pay off your debts before you start saving, it’ll give you the opportunity to start on a clean slate, overall it’s a good strategy or you can combine both if you have enough income.
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