My Tactics Of Countering Debt ln Every Month

l do not like to borrow money from someone at all, but the deal is, i find myself at times going lnto this lane even when i do not like lt.

Because we have to survive no matter what, most of the funds people borrowed from others, either from micro finance banks or well to do individuals are for consumption, although some might still borrow money for other purposes, but the deal is, it will be rare these days for it not to be for consumption as prices of things have gone up.

Yet, talking of borrowing of funds, l like it more the way lt ls done these days because there are a lot of financial apps out there that are ready to borrow someone money at any point in time.

Once the person will be ready to pay back exactly at the payment date, because failure to do so, he/she will just have to be expecting many calls from the loan app he borrowed money from.

Someone l know had this experience, at that time he needed some urgent funds to take care of himself, as lt was getting to month end, he was expecting his salary so his thinking was that he was going to pay back once he has gotten his salary.

But he did not pay back and because he gotten the loan on 27th of that month, and he was paid salary on the 30th, he felt reluctant to make the payment, as was his thoughts from the beginning.

Then as he didn't make the payment, he was not disturb since the loan was still having long days, up till 27th of next month before lt ls due.

Then when lt got to the due date his salary didn't come at that time, he said that within those three days of him waiting for his salary he received a lot of calls from the loan app, and the worst part was that, even with all those calls interest were added to the actual amount he borrowed.

He told me he doesn't want to have anything to do with the loan app again because they charge so much interest but he hasn't deleted out the app, do you know what happened?

He was called to get another loan and this time a bigger amount of money, he was contemplating lf to get the money or not, but he said he has no need for money at that moment.

Therefore for him to keep an app like that on his phone will still be getting his mind to open lt, so l told him he should delete it, not have a thing to do with the loan app and manage his life with what he has.

Although loans help when we have no other alternative, but i still understand that lt's not a good thing to loan money.

So what l do to counter debt ls to make a list of things l want every month, and try to get those things alone, lt helps me not to borrow.

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