Connect with like-minded individuals, ask questions, share ideas, and participate in discussions on a variety of topics.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
As a student, what’s the best strategy to use in getting out of debt, can saving help? A lot of countries are rolling out student loans schemes and it’s ideal for student to know how to solve these problems
Me I no go lie, being in debt as a student na real wahala. Especially when allowance no dey and you dey owe food vendor, roommate and maybe one or two loan apps. But you fit come out of am. I did. Here's what I did and what works: 1. List everything you owe – Even if na ₦500 or ₦100k. Write the persRead more
Me I no go lie, being in debt as a student na real wahala. Especially when allowance no dey and you dey owe food vendor, roommate and maybe one or two loan apps. But you fit come out of am. I did. Here’s what I did and what works:
1. List everything you owe – Even if na ₦500 or ₦100k. Write the person, the amount and due date. It clears your head.
2. Start with small ones – Pay the smallest debts first. E go give you small confidence and reduce pressure.
3. Talk to who you owe – Some go understand if you explain. Tell them say you go pay part now and balance later.
4. Monetize anything – I started writing assignments for people and editing CVs for ₦1,000 each. You fit bake, braid hair, design flyers or even be class rep and dey collect small tips.
5. Pause borrowing – No more new loans till you settle at least 70% of what you owe.
6. Track how you spend – Most of us dey waste ₦500 here and there. Reduce eating out, impulsive data buying, or too much chilling.
Debt na mindset too. Once you begin to handle it small small, everything go balance. I moved from owing 5 people to being owed by others. You too fit do am. Just start.
See lessEducation has become so expensive that almost all students have student debt. If your priority is to become educated, you will surly have debt. If you have debt, you need to cut other expenses, such as budge bills, entertainment expenses, etc. so that you manage to save money and pay your debt. YouRead more
Education has become so expensive that almost all students have student debt. If your priority is to become educated, you will surly have debt. If you have debt, you need to cut other expenses, such as budge bills, entertainment expenses, etc. so that you manage to save money and pay your debt. You can also take part time job and earn some cash to pay your debt.
See less