Archive for the ‘Debt’ Category
Should you pay off debt or save?
This is one of the things that I wonder every month when you look at my bill for loans and my credit cards. My financial side is unreasonable for anyone to have money saved and also be paying interest on debts, but it reaches beyond a simple math equation that you reiterated that in the process you are losing money, it is also psychologically. Here are several points debatable with which you can draw your own conclusion:
Saving makes you happy
When you save your money, you stimulate your minds to think you are doing well. Who have money in your savings account or retirement means that you are planning for the future. Your mind will applaud you and says “Good Job” and it helps you to live a financial life less stressful.
You can try your debts such as an invoice
On many occasions I consider a bill from a credit card or a loan as a household expenditure per month instead of a debt. I take into account that this is an expense if the electricity, phone, car insurance, etc. In doing so the debt means only one pay monthly rather than a negative number in my purchasing power.
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Plan your debt: How to use credit card effectively
Why should I use my credit card? This question has different answers and it is difficult to explain a single answer when many of us have different lives, and for each credit card we use it differently. The reality is that the credit card is a double-edged sword, and if we do not know how to use them properly can result in a situation where we may not want to see. I hope these tips help you identify how to improve the use of credit card and leave a comment at the end of your suggestions or feedback:
If you are using, have a plan to pay.
As Ricardo Arjona says the problem is not that the use … The problem we have is that we use the credit card regardless of how or when we will pay. Before making a purchase, just think how long you take to pay the bill. One card is very timely to buy flights on offer, holiday gifts, etc. If you can pay with a plan, it need not be a problem.
An example: If you spend $ 600 on a new computer and pay with your credit card before you buy thinks like you will pay the computer. You say to yourself / a: I pay in a year! Divide the $ 600 for 12 months, and have the amount needed to pay each month. It is true that this does not take into account the interests, but that’s not the problem, if the person ends up paying the minimum ($ 20) without thinking as to take into pay.