** Author’s note: While this article uses a Canadian example the same can be applied for the United States and other countries across the world as the principles of personal finance are the same regardless of the country. ** According to Statistics Canada the average personal debt to disposable income ratio in Canada was still […]
How to Avoid Accumulating Business Debts
Business debt can be considered as necessary as it can serve as a lifeline when the venture needs additional capital to continue operations or to expand. However, if not controlled and managed properly, business debt can possibly cripple it. Accumulation of too many financial obligations can lead to possible bankruptcy. That is why it is […]
Some Options to Manage Your Debts Easily
Are you under the pressures of recurring debts that you took as loans a long time ago? Have you not been able to pay back the loans in time and now you are afraid that you have to take debt help from the different debt management bodies? Do you think that the creditors will not […]
Erase Your Debts with Equity Release Plans
Today, clearing the burden of debts has become easier with the introduction of the equity release programs. Earlier when people had a huge amount of loan on their shoulder, they used to make the mistake of taking further loans to eliminate the previous debts. But this act of foolishness only doubled their trouble. They were […]
When Should You Not Refinance a Home Loan?
We are witnessing the lowest mortgage rates in two generations. According to Freddie Mac’s June 7, 2012 survey, the average rate on a 30-year fixed-rate mortgage fell to a record 3.67 percent while that for a 15-year mortgage fell to 2.98 percent (Refer note 1 below). Further many economists predict that mortgage rates would rise […]
Tips to Trimming Your Budget for Increased Savings
If you are like most people today, you need to watch every penny you spend. You may have a budget, but it doesn’t leave a lot of room for negotiation. You clip coupons and watch closely for sales, but what if there’s something else you can do of which you’ve not thought yet? Budgets are […]
