How to know if I have outstanding debts - answering this question is very important even if it seems silly because we should all know whether or not we have debts. However, this is not the case, there are people who have debts and do not know it. Keep reading and you will learn!

In our previous article we learned a little about the debts that you can have as a person, an entrepreneur, etc. And in any case it is a commitment that you must fulfill, which is why it is forbidden to ignore it. So we will no longer be called as delinquent, but we will clean up that negative balance that we have to emerge financially.

How to know if I have outstanding debts

Before answering this question, I would like us to learn about the importance of knowing what debts you have. For that I share the following segment:

Not knowing that you have a debt, means that you will have more

Let's face it, one debt only produces more debt. And it is that these usually earn interest that accumulates and many times you end up paying more than double what you actually owed. And although it seems stupid not knowing what debts we have, it really can happen.

In the midst of so many tasks, activities ... we may miss paying one or the other. But that forgetfulness that can be normal, does not justify or prevent us from having consequences, such as being delinquent, closing that door ... or in the best case, having to pay interest.

So how do I know if I have outstanding debts?

It's very easy friend, everything boils down to having a good organization, both in finances specifically, and in your entire life and business. When I talk about having your finances organized, I mean that you have to:

Know how much you entered and how much you are going to enter, in terms of money.

Write down your debts, payment date.

I am personally very forgetful, and failure to write down debts can make me forget it. Even more so if they are debts to pay in the medium or long term. But not knowing how much money is coming into your account can make you forget about debts. How? When you pay and pay and you run out of money you can assume that there are no more debts.

And even if you agreed, you were not going to be able to pay. That is why you must be very careful with this friend, before going into debt you must be sure that you can pay. But it's not a joke, seeing your account almost at zero may give you to understand that you no longer have to pay.

How to know if I have outstanding debts

The bank recently offered me a loan and I didn't worry about how much I had to pay each month. A few days later I came to my senses and said, That's wrong! I took out my bills and knew how much I had to pay, this allowed me to know how much money to set aside.

Seeing that money set aside reminded me that I have a debt to pay. Otherwise I assure you that I forgot. Because I was even a day late because I was not at home, and I honestly did not remember that it was a payment date.

But when I saw the money set aside I said to myself What is this for? and I remembered that I had a debt. That is why I invite you to have information about your debts with the bank and everything else. Also have a date where you can sit down and say I'm going to pay, and there you can go to your list of debts. I assure you that very few debts will be forgotten.

Use specialized software

Do you know what is the best answer to how to know if I have outstanding debts? using software. It could tell you an alarm or your cell phone's schedule. But it turns out that in the business world there can be many debts that you have that it falls short. So nothing better than looking for a software that allows you to register your debts, and that reminds you of the exact day and time that you must pay. Likewise, I invite you to try more software for the management of your company and other daily activities, they are very useful. For example, I invite you to learn from platzilla.

You have not registered anything! ...

… If so, which is most likely, you need to sit down seriously and make a list of what you owe. Think, think and think, and write down all those debts no matter how small they are. You can think of the lord of the winery, your relatives, basic services (electricity, water, TV, Internet), suppliers, etc. You must think very well my friend. He even goes into your online bank and makes sure you don't owe any credit, or if so you can get him on the list.

Come on, friend! you must spend a lot of time on this. And you must remember everything possible because the goal is to know how much we owe. Only then can we overcome the debt, analyzing and then organizing ourselves and knowing how to pay.