Debts haunts all of us

When I mention "debts!", everyone will give a sigh of pressure and tension, as if they wish they don't have it or it does not exist in their lives. But let me get this straight, there is no such thing as life without debts, yes, there's no way one can live without debts. We are only human and human have needs and wants. Once there is a 'want' in our dictionary, we will result to all sorts of alternative ways to obtain the things we want even though we know deep inside our hearts we cannot really afford it.

Debts are an amount of money we owe to someone(this could be a person/organization/bank and etc) that requires to be paid back in a certain given time set by the creditor(a person who is owed money to).

This issue has been haunting us for most of our lives, where each person can decide for themselves when debts start being relevant at some point. There are also different ways of handling debts, you can either accept it as part of your lives or despise it and just tend to ignore its existence and not deal with it. The latter is usually the one that creates problems is one's life and also for most families suffering from financial problems.

The lesson here is, we are judged from one's eyes from by the way we address a certain situation. The way we handle problems and also how do we solve it. Always try to find the best solution and stay calm even with facing a serious situation as you think better when you are calm. When facing with massive debt problem, try to evaluate all necessary options on how to solve it. The biggest problem faced by a person in settling debts is to accept the fact that YOU HAVE TO SACRIFICE A FEW GOOD THINGS !. For most people, sacrificing something to settle something else is the hardest thing to do.

For example, credit cards debts, the situation is you have more than 1 credit card and have a problem settling your credit card debts and paying it off on time which results in accumulating interest incrementally as the month goes by. In this case, take a payment plan ! If you have the option to pay it off all together with either borrowing from someone is better. However, if you cant seem to find someone who is willing to lend you the money, then it is always better taking the payment plan as it will total up the interest and make you pay in installment monthly. This way is a lot better in managing your daily expenses and you can plan ahead.

It is only a matter of whether do you want the problem to be solved or not.