Paying off debt isn't easy. Many of us have struggled only to pay the minimum amount each month or found ourselves surrounded by multiple sources of debt. Singaporeans have more access to different lines of finance than ever before, and the average household debt in 2017 per capita was S$57,637. Singapore Household Debt Compositon Remember, not all your debt is the same. Before plugging any holes in your finances with bundles of your hard-earned cash, slow down and figure out which debt is hurting you the most. Build an Emergency Savings Fund Before you begin implementing any strategy, you will want to save a small emergency fund while making minimum payments towards your debts. Although it may seem counterintuitive to not pay off your debts immediately, an emergency fund is your financial insurance package. In the event of an emergency, you now have a cushion...