While the thought of being able to buy something right now that you can’t actually afford with cash is very enticing, getting stuck in this frame of mind can quickly lead you to getting very deep in debt. So although you might like the fact that you can acquire credit cards or other lines of credit and get the things you want or need, it’s important that you be very careful with them so you don’t wind up getting in financial trouble. To help with this, here are three tips for using credit cards without going deep into debt.
Many people find themselves in a pile of debt and feel like they can’t get out of it. They find themselves spinning their wheels not seeming to improve their credit score. It is certainly much easier to get yourself into debt than it is to get out of debt. (more…)
Getting into debt can be easier than you might like to admit. Whether you’re young and finally have the opportunity to use credit or your eyes have just recently been opened to the possibilities of making a purchase and paying for it later, it doesn’t take long for an abuse of credit to turn into a mountain of debt. And while you may be feeling like your debt can never be completely paid off, there are things you can do that will help you get out of debt quicker than you ever imagined. To show you how, here are three tips that can and will help you get out of debt quickly.
One of the major issues affecting all of us in our lives is our relationship with debt. Even if you’re not particularly plagued by a growing debt that deprives you of living the life you really want to live in terms of the plans you have for the future, merely keeping your money in a bank signifies a relationship with debt regardless. The bank uses the money you deposit into your account to first create more money on their balance sheets (fractional reserve banking) and then they loan that created money out and charge interest for it. That’s perhaps a discussion for another day though, otherwise if you do indeed have debt which is hindering the quality of your financial life, you need to have a proper plan to get out of it. (more…)
If you’re tired of just getting by with your finances, then you will want to give this a read. Being on top of your money and kicking debt to the curb doesn’t need to be difficult. Sometimes it’s tough and hearing from people who are already in debt isn’t ideal for the situation. Nothing will change unless you’re willing on taking action when it comes to your finances. (more…)
There are a few reasons you might want to learn about bankruptcy. First, you might just be curious. You could have seen something on the news about a celebrity you follow going bankrupt. Or, you might be in a business situation where you’re not sure you’ll be able to pay what you owe. Or on a personal level, you might have cashed all your chips into credit cards that you’ll never be able to pay back. (more…)