Debt Threat: Manage your personal debts or else

From the Philippine Daily Inquirer‘s “Take Charge of your Money Series”:

If your debts seem enormous and daunting, try these tips to manage your debt and get out of that rut:

1. Keep control of your cash flow and plan ahead.
2. Avoid making short-term debt a long-term habit.
3. Protect your credit history.
4. Use debt constructively.
5. Evaluate whether you need to go into debt or use cash.
6. Ask if you really need it.
7. Tighten your belt.
8. Grow your income.

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