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شبكة شام الإخبارية
Families borrowing to afford essentials
The article summarizes the reasons why families resort to borrowing and how to effectively manage debts. It explains that families turn to credit purchases to bridge the gap between income and expenses, especially in light of rising living costs, irregular sources of income, or unexpected expenses such as healthcare, education, and rent. It also clarifies that borrowing tends to worsen when families have to take out loans to repay previous debts, leading to a recurring cycle of growing obligations that cause psychological, social, and family tensions. The article advises to track debts, organize and prioritize repayment, and allocate a fixed and regular amount for debt payments. Additionally, it emphasizes the importance of improving savings capacity and utilizing safe financing tools to achieve financial stability and reduce reliance on unnecessary debt.
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