Unsa man imong buhaton ug daghan kag Utang? (Debt ha?)

[*dudes*]

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Debt is not evil according to Robert Kiyosaki. We must distinguish between good debt and bad debt. Good debt will build up ur income while bad debt will lead your to bankruptcy.

Id like to encourage everyone to read Robert Kiyosaki books.

[8ballz]

sayon ra bro kong naa ma ningil pa igongon ka na wala ka dha
o hilantan baka ^^

[cc(,``o]

set aside aside at least 20% of your income every payday and pay your debts first. if you can afford to set aside 50% or more so much the better. then only use what you have earned. don't borrow again. not even after u've paid off all your debt. because then you need to save for the rainy days. that way u wont need to borrow in case of emergency

[kd19orcinus]

Tighten ur budget and save, save, save.... reduce electricity consumption, water consumption, and unnecessary expenses. Focus on saving so that you can be gradually all ur debts, not unless 10 million imo utang.hehe.

[kd19orcinus]

Tighten ur budget and save, save, save.... reduce electricity consumption, water consumption, and unnecessary expenses. Focus on saving so that you can gradually pay all ur debts, not unless 10 million imo utang.hehe. AKO LANG GI USAB KAY NASAYUP KO. Lamat...

[c_catko]

mao sad ni nakabati aning mangutang ta, magsalig niya diay naglisod na ta ug budget para bayad....

[fd]

70 - 10 - 10 - 10

70 - life expenses
10 - savings
10 - protection (could be medical or insurance)
10 - others

[Tricia_8]

for me... bayaran gyud ang all nimo na otang ky wala nama ngyud ka mahimo ana ma force gyud ka bayad para dili ka ma barangay..hehehe! .... and dont think na dili na nimo mabayaran and dako kaay oimo otang ...be positive enough and think na maimpas rana tanan...para dili ka mabogatan og sigi honahona..

[jbass]

Nice ni dah sa para tanan. para na idea.

Para nako og dahan ko utanag
1. Minimize imung expenses, mag budgeting ka. Set aside ginagmay para sa imung utang og sa imung savings
2. Mupalit lang ka sa imung mga needs like food, load. Unya rana imung wants hantod ma impass imung utang
3. Minimize kay sa imung kurente og tubig sa imung balay.

[arclops]

Nice ni dah sa para tanan. para na idea.

Para nako og dahan ko utanag
1. Minimize imung expenses, mag budgeting ka. Set aside ginagmay para sa imung utang og sa imung savings
2. Mupalit lang ka sa imung mga needs like food, load. Unya rana imung wants hantod ma impass imung utang
3. Minimize kay sa imung kurente og tubig sa imung balay.

7 years ago!!!...hehehe

Anyway, my share about this topic..

1. For illustration purposes,
Debt 1:
Monthly amortization - 1T
Terms - 1 yr

Debt 2:
Monthly amortization - 2T
Terms - 2 yrs

Debt 3:
Monthly amortization - 3T
Terms - 3 yrs

After year 1, only Debt 2 and 3 are left. So add the monthly amortization of Debt 1 to Debt 2 to make your monthly payment 3T. Since ni-increase imong payment for Debt 2, mo shorter napud ang term. Do the same for Debt 3 after maimpas ang Debt 2.

2. Track your expenses on a monthly basis but do your recording daily.
3. Increase your cash flow by having other sources of income.
4. Pay your credit card then guntinga inig maimpas na...hehehe