Although it is a consumption nature, debt held in finance and managed by your domain name can be in the healthy category. You still have to buy various consumer assets with a useful life of more than 5 years. In general, this is done for various purchases of products that are needed daily, such as: replacing a damaged washing machine, buying electronic devices needed at home, and others. You can take advantage of various facilities that make it easier for you to buy this asset, starting from 0% installments on credit cards and others. If a capital loan like this is a solution, then make sure you have done the planning and also careful calculations first. This is important, to ensure that your business can bear this debt and pay it off on time.
The debt burden must always be adjusted to financial capacity so that later the procurement of this debt does not become a problem in finances. Regardless of the amount of income, ideally, the number of debt repayments should not be more than 30% of your monthly income. This amount will ensure that you can pay off and pay off the debt. A lifestyle that is not following the ability is one of the fatal mistakes in finance. This not only makes you spend income but can also leave you with a lot of debt. Debt procurement that is intended to simply fulfill a lifestyle is categorized as unhealthy. The same is true for the provision of debt for living expenses.
Having a certain amount of debt is common in finance. But even so, it is very important to always apply for debt for the right reasons. Make it a habit to have careful consideration and calculation when submitting debt. Get into debt wisely, so you can get the benefits of the procurement and pay it off easily. Money is an important means that you always need in this life. The money will help you meet various necessities of life, including to improve the quality of your personal life.