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Debt Management Tools? 3 Reasons Why They Are Important

Wadau, let’s talk about that ka topic NO-ONE usually wants to – debt. Cringe right?

Deni, mkopo, entanglement ya doh, whatevs name you want it to go by… A littu sidebar kabla tuendelee, if you’ve been keeping up with our Jipange series (which you REALLY should coz we are plugging ya’ll with the good good on personal finance management), this month’s topic is all about debt management.

Let’s start you guys off with this topic that, kusema ukweli, has helped a bro out A LOT.

We shall be tackling other interesting topics on the nitty gritties of debt for the rest of the weeks this month so mkae tu hapa, poa? But today let’s talk about debt planning. Yes, ata deni lazime uchukue ukiwa umeji-sort ndio isikuwe ngori down the line…

Heard of debt management tools? Imagine the good internet has an array of tools to make your life a bit easier when it comes to this? Just google debt management tools and voila! Anweis, why are these tools important? Let’s break it down for you:

  1. Helps in keeping track

Now imagine having one platform where you can keep a record of all your deni’s and track the balance of each one of them. Makes your work kidogo easier sindio?

  1. Customizable

Let’s be honest, structure and organization is a vibe. So what better way to keep track of your debt than having the ability to customize all your manenos like your paid debts, balances, budgeting, and much more… Sounds like a plan to me.

  1. Automatic payments

So, a lot of these tools actually have the option of making automatic one-off payments, so ata ukisahau kulipa you’ll still be good.

So, yeah guys, these tools are easily accessible and super helpful. Some examples you can use are DebtBook which you can get on your PlayStore, LoanBuddy, Tally and many more which you can quickly check out online.

Also peep this blog we had on small small tips on sorting out your debt here. Baby steps msee, you will get there.

 

Over & Out,

The Witty Banker.

May 04, 2022 Jipange

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