Institutions make their money by lending money to you at a rate over the time. Simply, the long you take to pay the more it costs you and the banks thrive on it. Debt is so easy to get into and so very difficult to get out of. Prevention is always better than...
When you have finally succumbed to the fact that you are over your head in debt and cannot cope any further. Here is a way forward which will help to soften the blow. Step one – Open the envelope ...
Unsecured lending seems to be a quick and easy way out of a financial crisis but it’s probably a spade which digs a bigger hole for you. The old saying, “If you find yourself in a hole, the first thing you should do is stop digging”, is so applicable to debt. My wife...
Another rate hike of 50 basis points and the probability of more on the way call for us to become more savvy with our money. We need to find ways to use money more efficiently and then divert the savings towards paying off debt sooner than later. There are two debt...
Debt is so easy to get into and so very difficult to get out of. Prevention is always better than cure but the reality is that we get enticed into debt over time and soon find ourselves in it way too deep. The cost of debt climbs quickly and robs us of the potential...