photo credit: Photos8.com Being Good With Money Can be Boring! We all know that we need to budget, watch what we spend, and not put things on credit. Sometimes this can just seem a little bit dull and depressing! You start the month feeling sure that there will be some money left at the end [...]
Continue reading about The Elusion of Financial Freedom That Debt Can Bring
photo credit: Nexeus Fatale What is a debt spiral? This is when the interest/repayments on loans reduce your available income so that you have to borrow more and more each month to keep up. It is a downward path that leads to serious financial problems and even bankruptcy. Example A family has a monthly income [...]
Continue reading about Beware the Start of a Debt Spiral – It Can Seem Like a Happy Day
There are lots of resources that will tell you that making a budget is important. There are even lots of tools to help you do it. Make no mistake, preparing a proper budget is crucial to anyone wanting to improve their finances. This is true whether they are looking to get out of debt or [...]
