We have been enjoying record-low interest rates for years. And we are getting a little spoiled. And a whole lot complacent. It is inevitable that interest rates will rise. Everything is cyclical – it...
Tagged: credit cards
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10 Simple Strategies to Pay off Your Credit Card Debt Faster.
It’s payday. You’re trying to figure out what to pay, how much you need to get you through the month (or following your spending plan that you created to make life easier! Yes!). You...
Well here we are, at the start of another New Year. This is always a time of reflection, a time to set goals, to get our lives back on track or to jump to...
What comes to mind when you hear the word “Consolidation”? Do you envision all of your debts being ‘paid off’ leaving you with the manageable obligation of one monthly payment? If so, you are thinking about a “Consolidation Loan”. A financial institution loans you money by paying off your debt and you pay them back. With interest, of course. Nowadays, the word “consolidation” is being used in a much more liberal term
Wonderful, accessible, way-too-easy-to-get, way-too-had-to-pay-off, credit.
It makes the world go around and sometimes makes our head spin. It can be our best friend or our worst enemy. Using it gives you a temporary high. Owing it gives you a log-lasting headache.
Where am I going with this you ask? I shall tell you.
We are all one or two events away from bankruptcy – meaning all it takes is one or two major events to turn our financial world upside down. The reason is simple. We live too close to, or above, our means. As a result our credit is maxed out, our savings minimal, or worse, non-existent, and we have absolutely no breathing room.