10 Sure Shot Ways to Remain Debt Free
3. Prioritizing Your Debt
It is crucial for people who have taken loans to set priorities for each of the loans taken by them. Keeping the loan repayment period in mind, you must put the top priority loans at the peak, while deferring the payment of less important ones. Two other criteria on which prioritizing debt depends upon are – rate of interest and tax deductions. Even if you have a small debt to be repaid but the time to pay it back is less, put this kind at the top of the list.
