Credit cards – there they stand, shining and gleaming. Most newbies to the world of personal finance get sucked into its allure. With a flick of your pen you can purchase just about anything you want, and you don’t even have to think about it! You can enjoy the fruits of your future-self’s labor. It’s…
Warning: applying for a credit card is one of the world’s easiest things to do. Just fill out a couple of forms and the bank/lending company will do the rest. Simple enough. But behind the simple process is something a lot more sinister. Credit card companies want to make it easy for you to sign up.…
Even though the recession is long gone and unemployment has fallen below 5%, the findings of a recent survey by Bankrate.com conclude that there are still significant financial issues that many households are struggling to handle. Around 35% said that their biggest concern was meeting their bills, including reducing their old debts. A further 20%…
Being in debt is possibly the worst feeling in the world. There’s that constant worry about how you will cope and catch up with the amount you owe. Then there’s the fear of what will happen should you not be able to pay back what you owe quickly enough. There’s the temptation to bury your…
Congratulations, you’ve bought a new car! Now the question is, what is the best way to pay for the loan you had to take out to get it? The answer to that question depends on your financial situation. However, the quicker you can pay off the loan, the better you will be. As long as…
We all worry about getting into debt occasionally, but often we can let this worry become bigger than it needs to be. There are actually some very manageable credit cards out there that can help you with your finances and ways to get out of debt that won’t cripple your cash flow. So let’s take…
Have you racked up too much debt? Unfortunately, many people have. While the media likes to portray those in debt as people who spent carelessly and foolishly, that isn’t always the case. Job loss, education, and medical bills can also land people deeply in debt. If you have more debt than you can comfortably handle,…
This is a guest post. Losing weight, sure it is easy. I will eat less, exercise more, avoid cakes, and….lose weight. Most of us go through the cycle of making resolutions, keeping them, breaking them, and making them again. Shedding debt is similar to shedding weight. It takes perseverance, determination, and lots of hard work.…
