debts Posts

9 Super Effective Tips for Debt-Free Living

No one likes living in debt. Having to constantly worry about paying your debts in time (often with interest) and keep having sufficient money left can be extremely stressful and can take a toll on your mental health.

How to Celebrate Christmas Without Going Into Debt

Some people even expect to go into debt after this Christmas holiday. Let us be the voice of sanity that says - money isn't a measure of holiday spirit! You can be frugal and festive at the same time.

Wealth Of Nations

A country normally can borrow up to 100% its GDP, a very strong industrial country or very financial stable nation can borrow up to perhaps 200% its GDP, debts over 250% GDP the country is bankrupted.

How to Best Prepare for a Recession According to Experts

Once you do this, you can let go of the gas pedal and move on to re-budgeting your debts, as specified in the next tip. Retirees should have at least a year's worth of expenses in cash in their retirement account. 3.

Unsure About Retiring? Here's Why You Should Wait

You still have a sizable amount of debt In today's environment of rising interest rates, managing existing debt becomes even more crucial for those considering retirement.

These False Money-Saving Tips Will Make You Spend More

When it comes to saving money, there is some advice we all heard more than once: spend less, avoid debt, invest early. While some of these words of wisdom ring true, there are a lot of widespread money management tips out there that are not necessarily reliable.

A Few Things We Bet You Never Knew About the USA!

From having the world's largest economy (and the world's largest national debt), to the massive amounts of food and energy that get consumed each day, the USA is a place unto itself. Take a look at these eye-opening numbers: 1.

8 Financial Terms We Should All Know!

However, it works against you when it comes to your credit card, so make sure you're debt-free before you start investing, since your efforts will cancel each other out, otherwise. 2.

Save Money Easily and Still Enjoy Yourself with These Tips

Pay off all debts and any bank loans. 2. Invest in a business, or aim to save around 20% of your monthly salary - ensuring that this is the money you cannot spend. 3. Spend the other 80% of your salary in whatever way you choose. 4. Bear in mind to save first then spend the rest. 5.

Ten Tips You Need to Consider to Save Money

Don’t borrow to pay old debts The concept of taking a new loan to repay an old one has become a popular trend. But repaying an old debt by borrowing from someone else will only lead to a vicious cycle. It is better not to be in debt at all.

Beware! NEVER Put These Things on Your Credit Card

Outstanding card debt has been hitting its highest point ever all over the world and people eventually end up regretting owning these cards. A few missed payments, unrestrained spending, and a lack of self-control can lead any credit card holder into some serious debt.

This Japanese Village Holds an Annual Rice Art Festival!

They had accumulated a big debt, and the future did not seem bright. All that changed in 1993, when they decided to launch an annual rice art festival, or as it is called in the native language, Tambo Āto.

These 8 Great Tips Will Help You Boost Your Credit Score

Your credit utilization can be calculated by dividing total outstanding debt by your total possible credit. For example, with $2,000 of outstanding debt on a $10,000 limit, your credit utilization would be 20%. 7.

Break These Rules & You Can Kiss Your Friends Goodbye...

If you know that your friend is saving money for a vacation or paying off some debt, you shouldn't insist on going somewhere expensive. It would be a better idea to ask them where they feel like going to prevent them outright refusing due to financial constraints. 2.

These Financial Resolutions Are Definitely Ones to Keep

Pay off high-interest credit cards The average household debt in the United States stands at $15,482, coupled with an average credit card interest rate of 13.08%.

Buy Now Pay Later: What You Must Know About the Service

Many young adults, for example, have sizable student loans, and the last thing they need is to pile on open-ended credit-card debt. In other words, BNPL keeps the market open for people who would otherwise struggle to participate in it.

10 Signs That Someone Has Stolen Your Identity

You receive calls from debt collectors Receiving phone calls from debt collectors is a tell-tale sign that an identity thief is running up a tab at your expense.

Millionaire Revamps Hometown In Amazing Act of Generosity

I always pay my debts, and wanted to make sure the people who helped me and my family when I was younger were paid back," he said. In the space of a few short months, all the huts in the village were torn down and replaced by luxury apartments and villas for the villagers to reside in.