Good morning good people, The journey continues and today, we talk about debt.
Paul does say “owe no many anything.” Romans 13:8. Don’t go any deeper into debt! With the advent of the US dollar in our economy, credit is back!!! Many retailers, car dealers and even service providers have started to offer different forms of credit. Good news, now you can get furniture worth thousands by jus paying in installments. Very few people understand how this works. Take time before you do the deal, check the interest rate and what you will end up paying over the credit period. This will give you actual cost of your purchase, holding time value of money constant. Now with that information, you are in a better place whether to opt for cash or credit. Also desist from uncontrollably borrowing to spend. If ever you borrow, it must be to create more value rather than just spend. Many people get deep into credit and debt without noticing it. If you find yourself in a hole, the first step to getting out is to stop digging. Many times it’s easy to not realize how much your actually charging on your credit cards and Zimswitch each month. If this is the case, it might be a good idea for you to simply put your credit cards away and only pay cash for the items you buy. This way you will maintain better control over how much your spending and if you can’t pay cash for something then you just don’t buy it. Also resort to getting your cash at the bank, over the teller, instead of ATM, it is cheaper that way. You’ll never get out of debt if you keep charging everything. Most importantly, work hard and pray harder to get yourself out of debt, then start building upwards. Regards, Simanga -- God is love... -- You received this message because you are subscribed to the Google Groups "tribewithavibe" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/tribewithavibe?hl=en.
