Nasabi mo na ba “Kasusweldo pa lang, ubos na!”?
Or, “Wala pang sweldo, ubos na!”? E di Shing!
Then you resort to JT, jutang, London, Loan.
If you have, you are not alone.
I have a friend who once asked me for advice. At one point, he ranted about his financial state.
His major outburst, “Ang sweldo ko parang sibuyas. Pag hinahati ko na sa mga gastusin, naiiyak na ako.”
I recommended him to lower his expenses. He answered, “Paano magbabawas ng gastos, eh sagad na talaga? Kulang talaga eh.”
To answer, I gave him a pen and a paper, and said, “I will ask you questions and if you answer yes to any one of them, just write ‘yes’.”
He obliged. And so, I started asking him the following:
Do you drink soft drinks?
Do you smoke?
Do you eat snacks?
Do you buy branded clothes/shoes/watch?
Do you have more than one cell phone?
In my mind, if he answers even one “yes” to any of these questions, I would tell him that he had not
exhausted all means to lower his spending. He had not yet reached absolute bottom.
If you are like my friend who can answer “yes” to any of my questions, then hindi ka pa sagad!
STEPS TO BECOMING DEBT FREE
- COMMIT TO PAY OFF YOUR DEBTS
- LIST ALL YOUR DEBTS
- CREATE STEPS TO REPAYMENT
- TALK TO YOUR CREDITORS
- NO NEW DEBT
Conquering debt requires both a financial and a psychological strategy.
Remember that short-term sacrifices could yield long-term benefits.
With discipline, commitment, and good planning, you can overcome your debt woes.