Bayport Staff Writer

Debt affects more than our financial health; having financial issues can affect our physical and emotional wellbeing too, which is why it is so important that we work towards getting out of debt stress mode.

According to recent studies, the top reason why people apply for a personal loan is for debt relief; either to get out of debt or for debt restructuring through debt consolidation.

With the lockdown period having significant ramifications on personal finances, many consumers are asking about available options to assist in better managing their money.

Whether your objective is to become debt-free, gain financial freedom, or achieve good financial health; a personal budget will help you manage your money more wisely and get you closer to your financial goals.