📌 If not enough money is paid, what should be paid first?
Question: Suppose today you have 10,000 left.
But there are many debts. What would you choose to pay?
A. House rent / water-fire charge
B. House / car annuities
C.Credit card / loan
D. Informal debt
The answer is... pay like this. 👇🏻
A → D → C → B
(But switchable according to real life context)
💡 So there's actually no fixed formula.
🥇 1) A. House Rent / Water Fee-Fire
The reason: This is the "living basis."
If not pay → cut off power / no address
Life will immediately break the entire system.
Main 👉🏻 thought: Protect basic stability first.
🥈 2) D. Informal debt
Reason: Brutal Blossom + High Risk
Some cases have psychological or safety pressure.
Main 👉🏻 Think: Cut the dangerous risk first.
🥉 3) C.Credit card / loan
Reason: Blossom is high, but also talk restructuring.
The "minimum" should at least be paid so as not to waste history.
Main 👉🏻 Thought: Long-term credit breakdown
🏅 4) B. Annuities Home / Car
This case needs to look at the situation.
- If the car is a working tool → Scroll up before the credits
- If the house installments with the bank → often has some grace.
⚠️ The answer is not just interest.
Some need to think about "risk" and "long-term effects."
The main thinking is:
1. Protect basic life first (address, electricity, water)
2. Protect livelihood tools
3. Manage dangerous / risky debt first.
4. Gradually manage negotiable debt