How to free from loans/कर्ज से मुक्ति कैसे पाए
How to free from loans/कर्ज से मुक्ति कैसे पाए Getting rid of loans and becoming debt-free is a common financial goal. Here are some general steps you can take to work towards becoming debt-free: We will explain some key points to get rid of loans 1. Create a Budget: List all your sources of income. Make a comprehensive list of all your expenses. E.g., rent, and variable groceries, entertainment etc. 2. Prioritize Debt Repayment: Identify the loans with the highest interest rates. These usually cost you the most over time. Consider using the debt snowball or debt avalanche method to prioritize which loans to pay off first. 3.Cut Unnecessary Expenses: Analyze your budget for areas where you can cut back. Consider eliminating non-essential expenses temporarily to redirect that money towards debt repayment. 4.Increase Income: Look for ways to i...