small debts

Small debts refer to relatively minor amounts of money owed, often resulting from everyday expenses such as credit card purchases, small personal loans, or unpaid bills. While individually they may seem insignificant, accumulating multiple small debts can become financially burdensome over time. Managing them involves tracking owed amounts, making timely payments, and prioritizing debts to prevent interest from piling up. Addressing small debts early helps maintain good credit health and avoids them escalating into larger financial problems.