Does the class system apply in debt?
January 21, 2012 by Alexandra Kerr · Leave a Comment
A myth with debt is that it only happens to people in the lowest socioeconomic groups in society, but it is little more than a myth. It has become apparent in the last few years that debt affects everyone regardless of class or background.
I have previously discussed an ePetition that was set up to get Financial Education into schools to help the next generation try and avoid the situations that the current generation find themselves in. in actually fact financial education wouldnt solve everything as many find themselves in unaffordable debt due to something happening that is out of their control.
Before the recession hit in 2009, many were able to borrow more freely as they had regular incomes, whether they were employed or self-employed. They were able to meet the monthly outgoings as well as paying their credit commitments.
As the recession hit lots of self-employed people found themselves struggling to make ends meet as business became harder and harder.
8 Tips to Reduce Your Debt This Holiday Season.
January 9, 2012 by Alexandra Kerr · Leave a Comment
The Holiday Season is the busiest time of year, full of family and friends, good food – and spending. Between the parties, travel to be with family, and gift-giving, it’s practically inevitable you’ll be dishing out a lot of dough. But you don’t have to go into debt during the Holidays that leaves you financially hungover in January and behind for the rest of next year. Plan ahead to minimize your debt, or better yet, not rack up any at all! Avoid the debt collectors by following these 8 simple tips to keep your Holiday spending on track:
- Get on a Budget – Start the season out right by planning how much you can reasonably afford to spend and limit yourself to that, no ifs, ands, or buts. This means you’re going to have to budget for those unexpected holiday expenses that tend to pop up.
- Treat All of Your Expenditures Like Cash – Don’t set yourself up for failure by walking into the glitzy shopping mall with three credit cards and no idea of what you plan to buy. Preferably pay
Where to Find Debt Management Assistance
January 8, 2012 by Admin · Leave a Comment
At some point in everyone’s life they reach a point in their financial life when they could use some help making everything work out correctly. Generally this happens when we are young and have gotten our first taste of freedom and credit. The credit can be like a powerful drug, and it takes getting yourself in a jam before you really learn to respect the credit you have, and to take care of it accordingly.
If you recently have found yourself overextended you can find help, even if you do not want to go to family or friends. There are debt management companies that specialize in these financial matters and they can work with you and your creditors to find a way for you to take care of your obligations.
The easiest way to locate a debt company that does this is to look on the internet. T Read more…
Card Debt Relief – The best way to Stop Insolvency With a Bank Card Debt Settlement.
December 28, 2011 by Alexandra Kerr · Leave a Comment
When youre experiencing a financial emergency, taking the 1st step toward finding this relief is usually the toughest one. When youre feeling overwhelmed, and in urgent need of Mastercard and debt control, a preliminary source of help might be your friends and family. Frequently your folks or pals may know someone that suffered a monetary crisis, or they may even have been struggling to resolve some debt themselves.
Remember, it doesnt cost anything to request monetary help from your folks or buddies. Nevertheless if you cant find help from your buddies and relatives in looking for Visa card and debt consolidation, one of your best options is to contact a bank card arrears consolidation service. This is the rationale that they finish up with large Visa card obligations. From the other standpoint commonest debtors have other loans like house loan, auto loan, shopper loan and so on.
Is it acceptable to make your Christmas gifts?
December 13, 2011 by Alexandra Kerr · Leave a Comment
If you read our previous blog on How are you funding Christmas? you would have read that the average spend per person this Christmas will be 364. People are looking at ways of cutting down the cost of Christmas with things like Secret Santa, registering gift lists and gift certificates. However there is one other way that can cut your spending by creating and making your own gifts.
If you have a craft is there anything wrong with making your own gifts?
Here are a few ideas: