How to pay off debt / Cara melunasi hutang

When financial conditions are uncertain, like it or not you have to re-evaluate how to pay off debt on your current bills and it can make us stressed. Finding effective and appropriate ways to relieve stress and pay off debt can provide relief from the financial burden that must be faced while managing money well. Accuracy is an important thing that must be instilled as one of the capital to pay off debt effectively.

You need careful calculations so that you can find a way to pay off debt properly without having to sacrifice your daily needs. It is very natural if you have a debt burden of no more than 30% of your income. But there are times when you feel you can afford debt above that percentage. This self-confidence can sometimes bring results in accordance with expectations but not infrequently it actually leads you to a downturn with a debt burden beyond your financial capabilities: cara melunasi hutang.

How to Pay Debt Quickly

1. Reset Spending

Expenditure posts are of course very much needed in managing money. This means you need to set a budget for an expenditure. Categorize which expenses are for debt, needs, desires and other expenditure items that you want. But when you are in debt, of course you have to rearrange spending items (ex surat dokter kosong). You may not use expense items for conditions like this.

You have to prioritize debt and needs first. For this reason, it is highly recommended that you evaluate these expense items and readjust them to your conditions. Believe me, changing the spending budget scheme can help you get out of debt problems more quickly, pelatihan bisnis.

For example, if all this time you have spent around 50% -70% of your income on consumption needs and the rest has just been used to pay off debt. Then you should add the proportion of debt payments to be higher.

2. Reduce Expenses

Reducing expenses is one way to help reset expense accounts. The trick is to make savings while reducing daily consumption. Examples of savings that can be made such as moving to a place of residence if the cost of renting a place to live is quite expensive.

You can also replace the product with another product that is cheaper, for example using a towel or handkerchief to reduce tissue use. Apart from that, you can also use public transportation or a bicycle to go to the office, cook or bring your own lunch and stop subscription packages that are not too urgent.