One of the reasons so many of us struggle to cut our costs is that we try to go cold turkey with the idea. We equate spending less with not spending at all, so it’s no wonder we soon grow out of love with the notion. While complete self-denial is a great tactic for people […]
How to Keep Your Business and Personal Accounts Separate
June 27, 2018 By Leave a Comment
When you run a business, it is important that you try your best to keep your business and personal checking account separate. If you start to transfer money between these accounts, you’ll find that you encounter problems in the future. In this article, we are going to discuss some of the ways that you can […]
Financial Danger Signs You Should Know About
June 25, 2018 By Leave a Comment
Knowing that you’re in financial danger is the first step to finding a way out. Insolvency is a state in which you cannot afford to pay back your debts. Insolvency is determined by a trustee in bankruptcy, more recently known as a Licensed Insolvency Trustee. It’s also something that can happen slowly. You may not […]
New GOP Tax Plan could Cause People to Fall in Debt
November 12, 2017 By Leave a Comment
Recently, the Republican-controlled Congress released its latest plan for tax reform. The goal, according to those within the party is to cut business tax rates while also cutting individual rates and the deductions that people and businesses are able to claim so that revenue does not drop too low. Some people will come out better […]
Financial Independence: Is It Really Possible for Anyone Paying Off a Scary Mortgage Every Month?
March 28, 2017 By Leave a Comment
In the current UK climate, mortgage debt is seen as a necessity. Mortgages are the only way for the larger percentages of the population to get on the property ladder. However, the proliferation of mortgage debt hasn’t made it less of a huge issue. The average UK household debt as at November 2016, with mortgages […]
Tips on Writing a Debt Management Research Paper
October 10, 2016 By Leave a Comment
It is necessary to prepare a research paper at least once a semester if you study business and management at college or university. Debt management is quite a good topic for research paper writing whereas this problem is relevant for every firm and entrepreneur. If you have decided to write a research paper on debt […]
Breaking the Shackles of Debt
May 16, 2016 By Leave a Comment
Cost of debt According to statistics the average US household is paying almost $7000 in interest a year and in most cases this represents almost 10% of the average household income which is estimated to be just over $75,000. That is a large chunk of money out of your available income. Interest is simply making […]
Credit Card Debt in the US
May 16, 2016 By 1 Comment
These statistics show a gloomy picture Credit card debt seems to be out of control in the US where the average household is owing over $130,000 in debt and of this amount over $15,000 is for credit card debts alone. It is not only government that is staggering under a very large national debt of […]
Tips for Changing Your Mindset to Get Out of Debt
May 10, 2016 By Leave a Comment
No one ever plans on being in debt. They start out making good money and being able to afford all of the things that they want in life. Then, the next thing they know, they are in over their head and struggling to make sense of what happened. Being in debt can take a toll […]
3 Tips to Better Money Management
May 10, 2016 By 1 Comment
Oftentimes, many people feel that they are doing all they can to manage their money appropriately. They feel that there is nothing else they can do to make their financial situation any better. This is even truer when it comes to someone who is already considered low income. After all, how you can possibly manage […]