Bankrupt! A terrible word, which must be avoided as much as possible. This is one of the keys to financial success.
The causes of bankruptcy vary. If it fails to identify the cause, already. Get ready to deal with financial problems.
Here we will discuss the causes of bankruptcy, also how to overcome it of course. Without ba-bi-bu again, please jump directly to the bottom:
- Bad debt management
Got management in the affairs of debt alone is not enough so the key to financial success. Moreover, there must be good debt management.
Some people take the choice of debt for the sake of necessity. Debt is not a bad choice. In contrast to debt without a mature plan to pay it off.
Before we owe, first calculate our financial ability to determine how much a loan can be taken plus how long the repayment period will be. Generally, monthly debt installments can not be more than 30% income.
For example total salary Rp 10 million, the recommended installment is Rp 3 million per month. If it's more than that, there's a risk of default that will result in bankruptcy.
In addition, there must be a debt repayment priority if there are several. Pay off the biggest interest and deadline mepet If there is a windfall, for example there is a bonus or THR, prioritize to pay the debt first rather than happy.
