How Can One Live Without Debts and Credit Score Posted on May 30, 2018 by superadmin Singapore is among one of the most popular choices among people who are looking forward to a healthy and relaxing lifestyle. With entry at no 5 in Human Development Index UN and an astonishing 3rd highest GDP, no wonder it is an epitome of greatness in the minds of people. For someone who is looking forward to expanding in the market, Singapore is but an essential step in the way. It’s a popular choice among masses to not only visit as a relaxation spot but also to permanently settle down. However, just like every fantastic place, this place also has its dark cloud you can quickly fall into without knowing – Debt. Fraud, gambling or even daily life choices can lead you falling deeper into the hole of debt which is almost impossible to get out of. This all aside, living a debt-free life in Singapore is not as difficult as people make it sound. Simple life hacks can make your everyday life more comfortable and debt free. How about looking at some of the hacks? Getting information is the first step Try to get as much information about types of debts and only trust Licensed Money lenders. Unknown to most, the market is full of with fraud just looking for a chance to trick you out of your money. Do comprehensive research before you trust someone with your money and information. Know all the risks involved. Do not dive in with half based knowledge and second handed facts. Know all the policies and service terms. Also, thoroughly read and understand the contract before you give your signature. Learn all the cost and benefits you can get. Education and health lone have lower interest rates than house solitary. Some lone need a safeguard while other has no collateral attached to them. Learning the difference between them can make it easier to get rid of your debt quickly Knowing your banking system Licensed money lenders such as EasyCredit Directory is a great help in your time of need and are easier to cross-check than other places. Unlike most places, you can trust them to guide you toward a debt-free lifestyle. – Prefer cash over credit or debit cards if possible. Although faster and safer, debit and credit card if lost can cause amassive loss of money and time. Avoid credit cards for everyday payments, no matter how much you are dependent on them and start using cash payment for daily use. – Never show your personal information to anyone, not even to someone who addresses themselves as bank employee outside the bank. Never input your data in any of your websites or write it down in an unsafe place. – Cut back on cheque payments. Not only do they take a long time to process but can also bounce. If you ever fill them wrong, they need be adequately disposed of completely otherwise it’s is a risk. Make small changes can affect your everyday life. How you live your day-to-day life can give a lot to your debt and credit-free life. – If you are a big shopping addict, then it’s time to sit back and make a budget that not only meets all your needs but even leaves enough money for savings. – Live a healthy lifestyle and exercise regularly can help you save up on your doctor fee. Reports show that more than 40 % of the money is spent on medicines and medical fees. By living healthy and avoid getting sick, one can save up on them. – Make small changes every day to save a bit of light and water every day. Cut back on your bills, and you can save up a great deal of money. Pay your bills as soon as you get them. Do not wait for your bills to accumulate before paying them off. This can create a debt situation and is also challenging to deal with. – Cut back on branded items you buy. Normal items are just as good as branded goods in the market. If you are to go for branded goods, then prefer cheap branded items over extremely costly ones. Always have a back-up ready in life – Saving up for future is a right way to safeguard toward future loans. If possible, use your savings to pay your loans instead of any other way. – Do not take credit to pay off a mortgage. It will just create a vicious cycle of more loan. Instead, try to pay it on your own without external interference. – Do not let the opportunity slip from your hands. If you can see a way to send a debt off take it. Do not wait for another chance to spring by. – Always keep cash ready for you. If you do not know your financial status then always keep some cash on you instead of your card. – Set down a plan to pay your debt back. Save a certain amount every month to pay your loan again exclusive of your budget. – Saving on tax money is also a good way. You need to keep an outlook on how you can save your tax money from your already paid expenses. Ultimately There are so many ways to save and live a tax-free life, you just need to have will and lots of self-control. Singapore is a big city, with people having even bigger ambitions. You need be careful of what you do, but you can also not let it dictate your life. Debt can suck all your family happiness, leaving you dry with a burden you will struggle with your whole life. Always remember, you are not alone. If any of this does not benefit you, then try seeking professional help in leading a debt free life. It’s not as complicated as it sounds. With dedication and hard work, you can meet your dream life irrespective of Singapore’s policies. Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.