HOW TO REDUCE BEBT.
HOW TO REDUCE BEBT U. ChangingSpot 8.tips to reduce your debts This sum includes all the household debts (mortgage, car loans, student loans, credit cards, etc.). Of this sum, a certain part is made up of good debt such as the mortgage, which constitutes an investment. The other part, meanwhile, consists of anything that depreciates like a car or spending on credit cards. Julie Pombert, Senior Director, Payment Solutions at National Bank explains that often people get into debt because of a lack of knowledge of balanced financial management. According to her, the key is education. So, to equip you, we have put together eight tips that will help you reduce your debts. 1.Start now The longer you wait before creating your debt repayment plan, the more the debt will grow. As these interests accrue, the...