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 for [...]
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 of 2000. Their [...]
Continue reading about Beware the Start of a Debt Spiral – It Can Seem Like a Happy Day
3 years ago I was deep in debt and unable to see a way out. I was being called at home by debt collection agents – I dreaded the phone ringing. Every day I received threatening letters. Stress was making me ill and having to admit my situation to my wife was putting my marriage [...]
