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How to get out of debt without dying trying

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How to get out of debt without dying trying
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Planning and discipline, your best allies

Have you been in debt at some point in your life?

Many are the people who at least once have had to face a financial crisis, either due to an unemployment problem, a health problem, or simply because they overspent and lost control of their debts, which now drown them.

According to a basic financial rule, the payment of your debts should not be more than 30% of your net income, since otherwise, you could fall into a situation of insolvency.

If you are in debt and this has become a situation that overwhelms you, produces stress, and takes away your sleep, do not despair because it is true that getting out of debt is not easy, but with discipline and planning, you can always overcome them. The most important thing is that you recognize that you are in a debt problem and do not wait for your accounts to be sent to a collection agency.

And it is that being in debt is not always bad, although it sounds strange, there is also good debt and it is one that you use to increase your wealth, for example: buying a house, remodeling your home (which gives it greater value), acquiring a car, etc.

It is clear that there is no universal plan to get out of debt and the strategy must be according to your particular situation, so at Proteja Su Dinero we want to make some recommendations for you to take the one that best suits you:

 

List your debts

Get out your bank statements and make a list of all your debts. Write the name of the card, the total balance of the debt, the interest rate, the minimum payment, and the due date. For this we can suggest two formats:

  1. Put the debt with the highest balance first and then the rest in descending order. Concentrate your efforts on paying the highest debts, pay more than the minimum, and assign to the other accounts at least the minimum payment, do not stop making the monthly contributions to keep up to date.
  2. Order them according to the highest interest rate. In this way, you will spend the most money to pay off the most expensive debt. Without a doubt, this is the best strategy in financial terms, since you will pay off the debt that generates the most interest first.

Make a budget

The first step to take control of your financial situation is to know how much money you spend, and then define the amount that you can allocate to pay your debts. Make a list with the total amount of your monthly income, then fixed expenses (rent, tuition, gas, electricity, telephone, etc.), and finally variable expenses (transportation, entertainment, clothing, shoes, etc.).

Establishing a detailed budget that accounts for all your expenses, no matter how small, will also allow you to determine where you can cut them. The most advisable thing is that you start by reducing unnecessary tastes and expenses, without this meaning that you will stop having a good time, it is not that you no longer spend, just that you do it in moderation. For example, you can reduce the number of times you go to the movies or eat, cancel pay-TV or reduce your mobile phone plan.

 

Pay more than the minimum

To get out of this complicated situation as soon as possible, you must allocate as much money as possible to pay your debts and it must be enough to cover the minimum payment and a little more.

 

Consolidate your debt

This option allows you to group your debts in a single account. Check which bank offers you the best conditions (CAT, lower interest rate, etc.) and ask them to transfer the balance of several credit cards to a single plastic, in addition to having greater control of your payments, this will allow you to save commissions yearly. Not all Financial Institutions offer this benefit, so ask the bank of your choice if it handles the program and under what conditions.

 

Save the cards

If your goal is to stop getting in debt, avoid continuing to use credit cards at all costs. Leave the plastics stored in a safe place, or if possible, destroy them to eradicate the temptation to use them and get used to doing all your purchases in cash.

 

Restructure your debt

Compared with consolidation, restructuring seems at first glance more advantageous, because the creditor institution can reduce the amount of your debt and even eliminate the interest generated by it. However, the negative side is that it will leave a bad record on your credit history, so it will always be better to pay off the total of your debts.

 

Request a fixed payment plan

This option allows you to “lower” the amount of the payment that you must make each month, the benefit is that the interest on the debt will no longer generate more interest. This facilitates the payment of the debt in a much shorter time than if you only made the minimum payments. Financial Institutions usually handle terms ranging from 6 to 60 months. It is important that once you establish this plan with your creditors you do not use your cards again, since otherwise, you will increase the amount of your debt and you could fall into a situation of insolvency again.

 

Make your card your best ally

If you know how to handle them, credit cards are one of the best credit options, since they allow you to finance yourself for up to 50 days without paying a peso of interest. In addition to this, they offer you some benefits such as generating points with which you can pay your annuity, obtain plane tickets or have travel insurance. Likewise, they allow you to domicile the payment of services, thus saving you the transfer to a branch.

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Trish Lorenz wins the 2021/2022 Nine Dots Prize

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German-based journalist Trish Lorenz has won the 2021/2022 Nine Dots Prize for her essay about the immense significance of youth populations in Sub-Saharan African countries.

 

Now in its third edition, the $100,000 prize is awarded every two years to a 3,000-word essay that tackles societal issues, written in response to a question set by the Prize Board. The question for the third edition was: What does it mean to be young in an aging world? The prize also entails a book deal with Cambridge University Press, says a statement issued by the Nine Dots Prize.

According to the statement, the prize money (US$100,000) enables the winner to “spend time researching, developing their ideas, and turning their essay response into a full-length book which is published by Cambridge University Press.”

Also Read: The Nine Dots Prize: Extracts from the winning entry

The third edition saw a record 700 entries submitted from 92 countries and was judged anonymously by the Prize’s twelve-strong Board of leading academics, journalists, and thinkers.

Talking about western perceptions about African countries, as shaped by western media, she terms a New York Times report “regressive” and “based on ignorance and a mix of systemic racism combined with post-colonial conceptions of superiority”.

Lorenz argues that no question of what it means to be young in the 21st century should overlook the significant youth populations of sub-Saharan African countries including Nigeria, Ghana, Kenya, Rwanda, and Ethiopia. Focusing on Nigeria, she discusses how a new generation “is employing technological solutions to become self-sufficient and solve pan-African and global issues.”

Chair of the Nine Dots Prize Board, Professor in Greek Literature and Culture, and Fellow of King’s College, Cambridge, Professor Simon Goldhill said: “The Nine Dot Prize questions allow entrants to define the terms for themselves so that they can approach the question in the way they feel is most interesting. The Board was thoroughly convinced by Trish’s compelling and well-evidenced argument that the 2021/2022 question could only be answered in this way, and by the authenticity and rigor of her approach. We very much look forward to reading the book she will now write on the topic.”

Indian writer Annie Zaidi won the second edition of the prize for her essay, “Bread, Cement, Essay”, which was later expanded into a book published by the CUP.

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Classic Disney Songs That Will Have You Bippity-Boppity-Booing Everywhere

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Classic Disney Songs That Will Have You Bippity-Boppity-Booing Everywhere
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To my 90’s and 2000’s babies, this is your kind of Disney throwback playlist.

Lately, I have been on a wave of listening to old Disney music. The best, most classic movies and songs were released so long ago at this point that it’s super nostalgic to go back and listen. It’s amazing how one old song can take you back to a specific time and place where you first heard it or have a fond memory relating to it.

That being said, I wanted to throw it back for the Millenials and the Gen Z-ers with some oldies, but goodies. Sorry to the younger kiddos, there’s no ‘Frozen’ or ‘Moana’ tracks on this list.

Here are some of Disney’s most classic tunes that will bring back all the nostalgia:

1. “The Bare Necessities”

The Bare Necessities of life include Disney, Disney songs, and Disney movies. That is all.

2. “Colors of the Wind”

This song captures the hearts of so many Disney fans, not only for its contagious melody but for the fact that it addresses inclusion in such a sweet and child-friendly way.

3. “I Won’t Say I’m In Love”

I have to say every version of this song is spectacular and this song is genuinely one of my favorites that Disney has ever done, but the Cheetah Girls did that. They did not have to go this hard on the remake.

4. “Almost There”

Truly just an innocent and happy song of encouragement from the spunky movie ‘The Princess and the Frog.’

5. “Hawaiian Rollercoaster Ride”

This Hawaiian jam brings back so much nostalgia for those of us that would sing it even though we didn’t have a clue what any of the Hawaiian parts were saying.

6. “A Whole New World”

This is a song I grew up belting this out all the time, so I know there had to be others out there singing with me.

7. “Go The Distance”

This is another one of those songs where the Disney Mania cover just might outdo the original. Long live Disney Mania!

8. “I’ll Make a Man Out of You”

There’s nothing quite like a girl pretending to be a guy and not getting caught for it (until the end) to promote some girl power!

9. “Part of Your World”

Jodi Benson has this iconic tune on lock. With ‘The Little Mermaid’ being one of my favorite Disney movies, as well as regular movies of all time, this song was always a classic for me.

10. “Hakuna Matata”

If the song break that goes “when I was a young warthog” doesn’t make you laugh every time, did you even grow up in the early 2000s?

11. “Zip-A-Dee-Doo-Dah”

Yeah, the original version of this song might be iconic, but there’s nothing quite like an Aly and Aj collab and a truly banging Disney Mania album with so many spectacular covers on it.

12. “Supercalifragilisticexpialidocious”

The name of this song alone gets me excited to sing.

13. “Friend Like Me”

Aladdin’ is my second favorite princess movie, so I’ve always loved this truly classing song, but as a child, my sister was in performance to this song and she was the genie. I’ll now never look at this song the same and I’ll never not love it.

14. “When You Wish Upon A Star”

15. “You Got a Friend in Me”

This movie is very gender-neutral, leading a lot of kids to love it and this super popular feel-good song.

16. “When Will My Life Begin”

This song just genuinely has the happiest vibes and makes me smile every time I hear it. The beat is what gets me I think, it’s infectious.

17. “Beauty and the Beast”

Although the Ariana Grande x John Legend version rivals the original so closely, I gotta give it to the classic here. Go give the new version a listen though, it’s pretty spectacular.

18. “Spoonful of Sugar”

This movie is an oldie that has some pretty good music, and no one will argue with me on this one.

19. “Kiss The Girl”

OG “Kiss the Girl” is one of the best songs Disney ever put their name on. Although despite this, Ashley Tisdale did do a good job on the Disney Mania cover though. I think the cover is definitely worth a listen too.

20. “Stand Out”

I really hope everyone else remembers this song from ‘The Goofy Movie’ as vividly as I do.

21. “Be Our Guest”

“Try the gray stuff, it’s delicious” was so iconic that Disney made “gray stuff” in real life and currently sell it at Disney parks.

22. “Heigh-Ho”

This is one of Disney’s older movies as well, but this song has very happy memories attached to it; probably due to the fact that most of the dwarves are just so happy!

23. “A Dream is a Wish Your Heart Makes”

Okay yes, this song is one of the songs the Disney franchise prides and founds itself on from the movie ‘Cinderella.’ Should I put the original version here? Maybe, but I was obsessed with this version and still am so, Disney Mania wins again.

24. “Two Worlds”

Writing this article inspired me to watch ‘Tarzan’ as I finished this up and “Two Worlds” made me stop typing and just enjoy the song. It has that kind of power.

25. “Life is a Highway”

I’m into country music now, but this was probably the first country song I ever liked. Rascal Flatts, you’ve outdone yourself with this timeless banger.

26. “Belle”

There is something so pure and innocent about the song and this scene in the movie. Who doesn’t love a good cartoon version of fresh-baked bread and a bookstore?

27. “Under The Sea”

When Sebastian said “Ariel, listen to me. The human world, it’s a mess,” I felt that.

28. “I Wanna Be Like You”

I think my rewatching of this movie is long overdue. This is one of those Disney songs and movies we all sleep on, but it’s so good.

29. “Zero to Hero”

I love me some ‘Hercules’ songs. I genuinely think every song on the ‘Hercules’ soundtrack deserves a chef’s kiss, this one being no exception. Sing it to me, Muses!

30. “Just Around the Riverbend”

All of the songs from ‘Pocahontas’ have a special place in my heart because they’re inspiring and truly different than most other Disney/princess movies.

31. “Prince Ali”

It doesn’t get better than a street rat turned royalty!

32. “Reflection”

Christina Aguilera does a cover of this song (Disney Maina, are you shocked I brought it up?) and it’s phenomenal. I honestly like it better than the original, but the original is too good to not put it here.

33. “Cruella De Vil”

Everyone’s favorite person to hate might be Cruella De Vil, but her song snaps.

34. “I Just Can’t-Wait to Be King”

Everyone has their inner young Simba. We all love being in charge and can’t wait to be king.

35. “Can You Feel The Love Tonight”

A song started by Disney in the ‘Lion King’ but was adapted in so many different scenarios. A true classic to round off the list.

P.S. Elliott Yamin does an insane cover of this song on Disney Mania six, 100% worth the listen.

I think my conclusion from this is that number one, I need to binge-watch a lot of Disney this weekend. Two, I may need to write an article just about Disney Mania covers because they’re so good.

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