Saturday, January 14, 2012

Paying off debts before Chinese New Year 2012

Chinese New Year 2012 is just around the corner. Have you start planning to clear all your debts especially the credit cards debts before celebrating the Chinese New Year?

Overdue debts is perceived as "bad luck". Carrying forward last year debts to a new year is sort of bringing "bad luck" into the coming year.

Common debts as below:
  1. Credit Card Debts
  2. Mortgage Loan
  3. Car Loan
  4. Loan among family members
  5. Personal Loan from banks
  6. Personal Loan from friends or colleagues

The good news is most of the corporates or employers will be paying the annual bonus to the employees a week before Chinese New Year. Thus, it is advisable for one to list down all the debts and ensure the money is spent to clear off the debts before spending on unnecessary stuffs; worse case is to spend the money to commit for another long term debts.

Take myself as example, I have paid my mortgage loan February 2012 repayment yesterday. By next week, I will pay off the both my credit cards spending which will due on 25th and 28th January 2012.

Have you pay off your debts?

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