Mortgage payments are monthly instalments that you pay the mortgage lender towards repayment of your property loan. Very few of us can afford to buy a home without a loan (unless you happen to be fabulously wealthy) and mortgage loans help you buy a home. ‘Overpaying’ your mortgage means that you pay in […]
It’s always nice to have some extra money. The question is, how should you ideally use it? The three main options are: You can spend it This is the most tempting option for many. Although you may love to spend your spare cash on redecorating your home or going on holiday, try […]
Debt is up there with death and divorce as one of the major causes of negative stress. The feeling of being overwhelmed by debt causes physical and mental pain, from headaches and sleeplessness to panic attacks and nervous breakdowns. Debt enables us to have instant gratification of our wants – without having […]
Not happy with your current credit card? With numerous credit card companies vying for consumer attention, you can opt for one that offers more favourable terms. When should you consider switching credit cards? Sometimes, we can get so used to using the same credit card that we don’t compare offers and rates with other […]
A consumer society is one where a greater number of goods are bought or sold. When consumers (the people of the country) are able to enjoy enhanced purchasing power, the economy growth is higher; implying that the companies are now turning over huge profits and smiling all the way to the bank. But […]
When people share their stories about their debt-free journeys they often refer to their ‘light bulb moment’ but what exactly does that mean? Turning 18 is a definitive moment in time. It marks the transition between childhood and legally recognised adulthood. You can vote, you can get a mortgage, you can get credit. […]
The word ‘sacrifice’ conjures up many negative connotations of suffering and loss, but does it really have to be such a pessimistic abnegation when it comes to getting our finances in order? When dealing with our finances we often act in the here and now. We think of the debts we owe, the […]
Compound interest will have a different meaning to you depending on whether you are a spender or a saver. Compound interest can be your worst enemy or your best friend. Here is the thing: How you treat compound interest is how compound interest will treat you in return. Make compound interest work for […]
You might not notice the little bit of money frittered away on nothing much each day but small spends make a bid difference over time. That single chocolate bar at lunch every day, the newspaper to catch up on the world’s happenings, the bottle of wine or two a week to wind down with […]
There are many people who will find themselves in an endless cycle of debt throughout their lives and you might be one of them. You may have been brought up with it and think that it’s a normal part of living. Perhaps you don’t think twice about that car loan because, after all, […]