Get out of Debt in a more simple way:

Advisoira
Feb 16, 2022

​Ever heard of a debt repayment hack? (This one is for everyone who is in debt/know someone in debt and want to help them get out)

​We've all heard about budgeting tricks.

​Most common is the 50/30/20 ratio.

  • ​50 - Needs

  • ​30 - Wants

  • ​20 - Savings

​But what about those that are in debt?

​Quite often the reason for this is exceeding the wants over and above and crushing the savings rate.

​In case you are in debt, follow this ratio:

  • ​35 - Needs

  • ​45 - Debt Repayments

  • ​20 - Savings

​Don't wait until the next month. Start doing this right away and let us know if this helped you.

​​​Cheers!

​Mid-Week Motivation:

​​“Do the best you can until you know better. Then when you know better, do better.” — Maya Angelou

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