Image via Wikipedia It’s the most tragic of totals -- an accumulation of days and their demands, the relentless percentages. Debt haunts your every purchase, reminds of interest rates and loans. You’re straddling the line between middle-class convenience and bankruptcy; and it seems all too easy to topple. Personal finance baffles the public. In 2011, it's estimated that 15 percent of all households suffer from credit card debt, excessive spending or too high bank fees: resulting in over $800,000,000 dollars of yearly expenses. This number must be countered... … [Read more...]
5 Ways to Make Sure Your Credit Stays Just That – Credit
Credit is a very useful financial tool that gives you the flexible advantage of paying for your purchases down the road or in installments. However, that advantage can be abused, and this is when your credit turns into debt. When that happens, it costs you even more money as it lowers your credit score and increases the rates offered to you on things like mortgages and auto financing. Here are five ways to make sure your credit stays credit: 1. Make your own Spending LimitAll credit cards come with a spending limit, and you should follow their lead. With a self-imposed limit, you can keep … [Read more...]