It is easy to think that you can’t start saving money when you have debts to pay and regular bills to keep up with, but where there’s a will there’s a way.All that is needed is a change of mindset and a greater understanding that even saving small amounts of cash each month can soon add up to a decent sum over a period of time.Here are some tips and strategies to help you start a savings habit that could change your future. There is a … [Read more...]
Escape the Trap of Debt in a Sensible Way
Debt can be a trap. It can lead to desperate measures as a solution to the problem. If you find yourself in financial difficulties even though you are working and have a regular income you may resort to a number of different courses of action to relieve yourself of debt. Identifying the problem is a start but there are certainly solutions that you should not seek to rectify your situation. There are some good courses of action but first of all … [Read more...]
How To Avoid The Debt Trap
Buying on credit can be part of good financial planning ... or it can lead to disaster. Many South Africans have learnt this lesson the hard way. It's almost impossible to live totally debt free. Used wisely, credit is a great way to make life easier when cash is short. Unfortunately, it can also lead to massive overspending.There is definitely a difference between debt which can be considered healthy and debts which are just plain … [Read more...]
Life After Debt
The following is a guest post from Tisha Tolar. Ms. Tolar is a writer for DebtFreeDestiny.com, where she provides information about credit card consolidation, debt relief and how to get out of debt.For years many consumers have been in denial regarding their debt and personal finances. This was made easier by the almost guaranteed availability of credit to just about anyone with a job. Don't get me wrong, not every person in the country … [Read more...]
Content with Credit Card Debt?
The more I learn about personal finance and the more people that I talk to about money, the more I realize that I have grown up with a very atypical view of credit cards. I think that has helped me more than I ever knew.I have always been aware that people regularly carry balances on their credit cards and use cards to spend beyond their means. But I was unaware how many people are completely comfortable with this situation, and not only do … [Read more...]