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20/10 Rule, Simple technique to control debt

A lot of people don’t want to take out loans but sometimes a loan is necessary to make finance more liquid. Having debt is not always a bad thing. If you make the right amount of debt and repay it on time, it will help to build discipline and appreciation for money. To control the debt ceiling or the amount of debt not exceeding the appropriate limit, we can assess it on our own with the 20/10 rule, also known as the Debt Ceiling Control rule.