Unless you were discerning enough at birth to have been born into financially favorable conditions, life is going to mean debt.
Cars and houses are usually the big two, with car payments and mortgages numbering many years of payments - in fact, the word mortgage literally means “death contract” (referring to the fact that the terms of the contract are only fulfilled when the contract is terminated, either through the completion of payment or through foreclosure).
Then there are costs such as home and garden maintenance or renovations, furniture costs, and even vacations. The temptation to get going in life and put all of these things on a credit card so that you can have them now rather than having to wait and save up for years on end is … well, it’s the standard way forward.
The problem is that over a period of months or years, these payments can mount up, significantly affecting our finances - check out friendly advice from Creditfix. Let’s go over how to pay off your debts faster.
Credit cards
You may be operating on the general advice that credit cards are a good idea. Using your credit card will build your credit score and remove the risk of losing your own money in any online transactions.
However, every time you swipe your credit card or type in your pin number or click ‘buy now’ online, your debt does nevertheless increase, and if you can’t afford the payments, something needs to change.
Read the full article
Cars and houses are usually the big two, with car payments and mortgages numbering many years of payments - in fact, the word mortgage literally means “death contract” (referring to the fact that the terms of the contract are only fulfilled when the contract is terminated, either through the completion of payment or through foreclosure).
Then there are costs such as home and garden maintenance or renovations, furniture costs, and even vacations. The temptation to get going in life and put all of these things on a credit card so that you can have them now rather than having to wait and save up for years on end is … well, it’s the standard way forward.
The problem is that over a period of months or years, these payments can mount up, significantly affecting our finances - check out friendly advice from Creditfix. Let’s go over how to pay off your debts faster.
Credit cards
You may be operating on the general advice that credit cards are a good idea. Using your credit card will build your credit score and remove the risk of losing your own money in any online transactions.
However, every time you swipe your credit card or type in your pin number or click ‘buy now’ online, your debt does nevertheless increase, and if you can’t afford the payments, something needs to change.
Read the full article
