Managing Loans: Is It Difficult?
Nothing’s difficult unless you think it’s difficult. Loan is something that maybe becomes your worst nightmare; when you do it maybe it is easy, but when the maturity date comes, you get confused. You need to manage your loans so you won’t face this anymore. You can go to the expert to ask some advices, but actually you can do it by yourself. Here some ways do it yourself to managing loans.
First, you need to know why you always need loans. Is it because of your habits like shopping every week? Or maybe you really need loans to pay the mortgage? Write it on a paper so you really know. This will make you to make priority. Some which can belong to priority is health insurance—when the family members sick, or the education cost, or maybe the mortgage. If you want to get new car—just really want, not really need, you don’t have to do loan.
Second, write your monthly payment. It is include the tax and the meal for a month. Also write the cost to enjoy entertainment—go to a movie, gifts for children or friends, etc. Then write your salary for a month. Compare it, and then count the quarrel. If your monthly payment is bigger than the salary, you need to press your next monthly payment. But if your salary is bigger, you need to save your money so whenever you need money suddenly, you don’t need to do loan. See? Managing loans is easy, right?
Managing Loans: Manage the Credit Card
One of many reasons why people are always facing loan is the credit card. A credit card is services from the bank which make you are able to buy or pay anything without cash. This is also the simple way because people don’t need to bring cash money in their purse. Many people think that cash money is something complex because it is heavy and make them want to do shopping wastefully. But this is not true. Actually is a kind of loan but in an invisible way. Person who shops won’t aware that actually they’ve already spending much money, but their account is in danger because the amount of money is decreasing.
Credit card is actually good services from the bank, but if you can’t manage it, it will become boomerang for you. To face it, what you need is don’t bring credit card when you are shopping. Before you go shopping, decide how much you will spend and how much dresses you will buy. Managing loans is actually easy as long as you always discipline.