November has passed, the last month of 2020 is here and many people look for reasons to celebrate. In this pursuit, their finances may take a hit – even if they are aware it is advisable to spend less overall. Emotion is a powerful trigger that can lead someone to spend what they don”t have. Debt, such as that comes from credit cards, can become heavy. So instead of having compound interest working for their interests, it can work against them. Let”s see how – and also how investing at Iban Wallet can be an alternative, with enough patience. Debt can be seen as “an amount of money borrowed by one party from another”. This makes it possible to spend more money than one currently has available. They would pay it back further down the line.