how to overcome debt stress

PERSONAL DEBT STRESS

WHAT IS DEBT STRESS:-

Stress is something thinking consistently about something .Consistent thinking make stressful life and unhealthy life .Debt Stress is stress which developed due to money /finance crisis .

Debt Stress disturb your health and make you sick .It developed loneness among society family and friend .

Due to Debt stress ,Particular mind is unstable .It create disturbance in relationship in society ,Family and friend .

Sometime it developed anxiety and consciousness in mind .

To overcome with Debt Stress ,following point to be considered and should be implemented in Particular :-

Acknowledge your debt and write it down.-

Kindly make a note of List of Debt ,give priority to higher debt ,and Analysis the Debt on the basis of amount and rate of interest

2.Prioritize your debt. :-

Once Debt being Categorizes ,its been easy to analysis it and planned it accordingly

3.Identify your spending habits:-The Main reason for Debt stress is your spending Habit. Once you Analysis your Spending Habit .Your habit play an important role in Stress and your financial journey

4.Set a budget:-Setting Financial budget define the characteristic of your financial life style. financial budget develop set of goal in terms of family ,social ,education and entertainment .Setting of budget will help to overcome the debt stress

5.Take care of your mental health:- By developing the step it help to overcome the debt stress .Mental health will improve your life and financial efficiency .Financial Planning will help to improve the mental health .

6.Contact a financial advisor or credit counselor:-Financial advisor help in getting better understanding of financial Planning and how to plan to overcome the debt .

7.Start paying down your debt:-Once all Point implemented ,you can easily pay your debt.

Thanks for reading the post .Request you to kindly comments

NIDABIA

my Self Faizan an Entrepreneur and Post Graduate and Optimistic Person . and good Listener and learning from day to day activities . Interested area in Economic world and Digital forum . Looking to enhance my Knowledge in blog and Digital world