
In reality, financial debt may come handy in purchasing necessities or paying rent or mortgage, especially when one is struggling to make both ends meet. Financial debt may sometimes work to one’s advantage, but may also be a cause of problem when left unchecked. In the same manner, tech debt may be beneficial but may also pause major danger for software engineering and development firms.
Deal With It Like Financial Debt
You must deal with tech debt the same way you would financial debt as they both have the same cause and effects. In tech debt metaphor, it is the result of a quick and dirty way of coding process which is similar to financial debt where you behave impulsively and spend on things without much thinking. Like financial debts, tech debts also result in payments of interest which are in the form of extra effort given for the reworking, refactoring and addressing of the faulty codes. It is also the time and effort that you have to give for the future development that you have to make to eliminate any further quick and dirty designing.