Several More Important Reasons Pay Debt First – Talking about debt is always a headache, right? Therefore, the sooner it is paid off, the better. Don’t even keep shying away from people who collect it, huh!
Yes, unexpected things do happen in life sometimes. When an emergency fund is not available, getting into debt is usually a quick solution when there is an urgent need. It’s okay, being in debt is not something that is forbidden.
It’s just that, it’s important for us to show responsibility for the debt. For more details, here are six reasons why we must immediately pay off debts. Come on, we think carefully.
1. Before we forget, while other people will always remember
Be careful if we easily forget our own debt. It can be the strongest sign that we are people who lack a sense of responsibility. This is the importance of recording any debts or transactions that are not paid off right away.
Do not impose that task on other people, especially lenders. We must write it ourselves. By writing it down, our desire to pay it off will be stronger as soon as possible. Not even for a long time being driven to pretend to forget.
2. While you have money, don’t run out of things that don’t really matter
It’s strange if we can still buy these that are not basic necessities, but cannot pay off the debt immediately. This shows we actually underestimate the obligation to pay debts and the rights of others, as well as selfish personalities.
If we still have debts, we must be able to refrain from various spending temptations that do not determine our life and death. Fasten the belt until the debt is paid off. Only after that can shop outside of basic necessities.
That, too, must still set aside as much income as possible to save. What for? Of course, to prevent us from being in debt. Let us have enough emergency funds.
3. Let our life be more calm
It’s really dangerous if we still feel relaxed, as if we don’t have any burdens, even though there are still lines of debt waiting to be paid off. This means, we do not understand the true size of our responsibility.
Now, if now we continue to feel anxious about debt, don’t procrastinate to solve it. If you can pay it off right away, that would be great. If not, we must be disciplined in installments.
Because we can’t ask other people to be patient waiting for the money to return. Right, it is not only us who need money. Everyone needs it too. Don’t let other people chase us wherever we go and even get angry because we don’t pay it off quickly.
4. So that other people’s rights to their own money are not neglected
Even if someone doesn’t have the heart to collect our debt the hard way, it doesn’t mean he doesn’t have any needs, right? Most likely he is just maintaining his own pride rather than thinking about our self-esteem.
Then we have to be sensitive people. The name is borrowed money, obviously it will never fully become our money. Whenever the owner feels the need, it’s okay for him to collect.
Don’t even think, ‘It’s also legal for us to avoid it or keep asking for more time.’ Once or twice asking for additional time is fine. But don’t make lenders confused yourself because they are in dire need, huh! That’s called us being mean to him.
5. Let us be judged as people who are responsible and can be trusted
The business that most easily destroys people’s trust is money. So, whatever our circumstances, we have to be very careful about loans. No need to wait to be billed, we must come alone to pay off or pay regularly in installments.
If someone else has to bother collecting money, especially if we run away, he will no longer trust us in any way. Not that from now on we have aspirations of going back into debt.
But if for one reason or another, we are really pressed for more, don’t expect the same people to come back to lend. Never mind him, other people who have heard of our irresponsibility will be reluctant. They worry about the risks.