For some, money is just a constant battle. It always seems like you’re fighting to have the tiniest bit of money. As you go gracefully into adulthood, the harsh reality sinks in that money really doesn’t grow on trees. The daily graft you do to get your hard earned money soon flies out your pocket on bills and food and general living costs. As annoying as it is, this is just how the cookie crumbles. The best you can do is try to stay on the right track with money, and save for emergencies where you can. Sadly for a lot of people this just seems too tough, and there are some common money issues many of us seem to get into. Here’s how to solve a few of them.

Debt

The main one. The biggest one. The most annoying one. Getting into debt is such an easy trap to fall into. The promise of not having to pay any money back, or any interest for a year leads people to believe they’ll never have to pay it back. Then before they know it they’re thousands of pounds in debt and that time of the year has come to pay it back. Well, when this happens it can be one of the most stressful times of your life, especially when a lot of them have such high interest rates when the free period is over. But, you’re not alone, it is so common for people all over the world to do exactly what you’ve done. Families in particular are the worst. There are links out there that let you know what type of debt you’re in, and ways of getting out of it, such as this one www.debtconsolidationloans.uk.com/debt-questions-and-answers/how-do-you-know-if-you-are-on-the-bad-debt-list.html. But the main thing you need to do is make sure you don’t add to your debt. The spiral will just grow out of control and you can start to get into a big lot of trouble. If you’re worried you’ve got to this stage, there are also online financial advice websites and chats that you can check out to try and get you back on the right track.

Financing

Technically financing is debt, but people see it as something separate, so it’s best to explain in a separate paragraph the dangers of it. Financing is just as easy to take out as a credit card or loan. All you need to have is a decent credit score and a lot of people will take you on. One of the most common things to get financed on is a car. People want the best of the best, and get sucked in when the salesman uses his best tactics. But all that needs to happen is something like a loss of a job and you’re in a spot of bother. Plus, when you are paying a mortgage at the same time it only adds to the money coming out your bank each month. If you’re thinking of financing just because you want that new flashy car, wait if you can. Saving for it and paying it off in one gives you so much more satisfaction and can save you a lot of money!

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