In the current day and age, credit is available at the tap of a button. It is very important to ensure that we avoid a debt trap. Once we fall into the debt trap,...
Due to the easy availability of money in the current age, several millennials tend to take rely on credit to fund their lavish lifestyle. Very soon the debt spirals out of control and they are left facing a mountain to climb to become financially independent. At that time they ponder hard on how to escape the debt trap. Just like quicksand, one can be very quickly sucked into a debt trap if the debts are not monitored judiciously.
At the turn of every year, we make several resolutions to improve our physical, mental, and professional health. However, the one thing most of us tend to overlook is our financial health. Many of us have developed the habit of procrastinating when it comes to improving our financial health. In 2021, let us make a few resolutions to improve our financial well-being.