I have posted a post called Budget to Financial Freedom - Prepare for the known, the unknown and your dreams , Budget to Financial Freedom - Reserve Account and Budget to Financial Freedom - Emergency Account. Today I’m going to continue and talk about another account in budget - Debtor Account

Debtor account, as what the name telling you, is an account that set to pay our debts in our budget. This account is very important as it is related to your credit. As I said in my post Debt Control - Control Your Debt and Repair Your Credit!?, low credit will block our dreams of financial freedom. Therefore we must maintain our credit in certain level so it won’t affect our life.

By aside a certain amount of money to pay your debt, you not only can gain back your credit by showing that you willing to pay back your debt, but you also can pay off some debt to boost your credit.

Paying debt is no more nightmares to us if we know that we have money to pay it monthly. So let’s set a debtor account and handle our debt bravely. The early you handle it, the earlier you can be financial free.

Here is the link to Part 1, Part 2 and Part 3 of this series.

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