The debts begin to contract once unforeseen. The car breaks down, we get sick or it is necessary to repair the lake. In the best case, it will take money from your emergency fund. There really is only one person to whom you must pay your debts on time and you are yourself.
Most people when they take money from their own savings do not do their best to replace it. Do not feel the pressure or commitment that with other people or institutions. That’s when the biggest mistake is made. Not replenishing the money can make that mattress of money disappear little by little and can no longer be prevented in the face of unforeseen events.
Why you should pay the most important debts
- Keeping the savings helps you avoid incurring ant expenses.
- Start educating the way you spend.
- Will continue to have a fund for emergencies.
- There is the possibility of putting that money to work and getting returns.
- Having a mattress of money helps you maintain inner peace and avoid stress.
Speak well of you
In addition to having the consideration of replenishing the money you take yourself, you must make a plan so that you do not end up without money for other things. The budget is an excellent tool to help pay debts, even personal ones.
Being saved and paying personal debts does not translate as having to go through bad times or run out of money.
If you take this seriously to be able to pay yourself responsibly when it comes to yourself, any friend or relative can be sure that you will pay on time to others.
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Replenishing the borrowed
As you must pay on time in a bank or sometimes even with interest, you can apply the same strategy to replace the money taken from your savings funds. You can even add a little interest in case it gets delayed.
Do not forget to do the necessary accounts to be able to pay yourself. Thanks to the financial mattresses that are created are that you can have a lighter life if we talk about finance. Schedule your payments or even try to automate withdrawals from your payroll account to your savings account.
We speak of bank accounts because they are formal methods of saving and protect your money. At least more than if I kept it at home.
While you may have only one general emergency fund, you may well prepare as much as you wish.
In order to start with good finances, it is necessary to take responsibility for our own accounts. We only cheat ourselves trying not to pay personal debts in time. Nobody else benefits more than us.