Entrepreneur shares tips on getting out of the debt trap - The Namibian

I read this interesting article about how to escape the dreaded debt trap. The author, an entrepreneur, shared some great tips on how to get out of debt and stay out of it.

First, he says to track your spending and create a budget for yourself. This will help you see where your money is going and make adjustments where needed. Second, he suggests paying off your debts with the highest interest rates first, as they are costing you the most in interest payments. Third, he recommends living within your means and avoiding unnecessary expenses.

These tips have helped me personally, as I used to struggle with credit card debt. By creating a budget and making a plan to pay off my debts, I was able to avoid falling deeper into the debt trap.

Overall, this article is a great reminder of the importance of financial responsibility and taking control of your finances. It’s never too late to start making positive changes and get out of debt for good.