Most Singaporeans would have taken out a loan at some point of time in their life. It could be a huge renovation loan, a hefty mortgage loan, a student loan taken up for your further studies, or a personal loan. There is always the mental stress of knowing that you have to fork a huge amount of money for the next few years just trying to pay off your loans. It can be depressing knowing that you will be in debt for some time.
Below are some simple techniques that can be applied to help lighten your debt load. If these techniques are applied accordingly, your total interest paid over the years will be minimised drastically, and you will be debt-free faster.