Personal Finance
5 steps to get out of credit card debt in Singapore
By The Fifth Person  •  April 29, 2021
You’re probably keeping it a secret. It’s taboo to admit you’re mired in credit card debt, especially when everyone else around you is so intent on keeping up the appearance of prosperity. However this can also mean you’re forced to suffer in silence as you secretly struggle to pay off high interest debt that just won’t go away, all while appearing to maintain your lifestyle as per normal. That can’t be easy. Here are five tips to make the road to being debt-free soon. 1. Calculate how long it would take you to pay off your debt completely People who get mired in credit card debt often find themselves there due to carelessness, at least at the start. They don’t bother to calculate how much they would need to pay off each month and for how long in order to be completely debt-free. As a result, they end up repaying...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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