When done right, debt consolidation is one of the easiest ways to save money. The trouble is that there are so many sharks out there waiting to take people’s money, that it can be both difficult and confusing if you aren’t sure what you are doing. So today I am going to run through exactly what debt consolidation is, the traps to watch out for and the massive benefits debt consolidation can have for you when done correctly.
Pets. We love and adore them, but sometimes pet care costs can really destroy your budget – fast!
Most people when deciding to buy a pet don’t think about the day to day costs associated with pet ownership, instead they focus on the up front cost of purchasing the pet and then only start to realise how much they cost when things like food and pet accessories start to be required.
Making extra mortgage payments is possibly the best way there is of eliminating mortgage debt and saving yourself a heap of money over the life of your mortgage.
If you want to save money, you have to have a budget. It is that simple.
It does you no good to save all the money you can in one area if you go blow it somewhere else. I used to drive my wife crazy, back in my spending like a mad man days.
Bills are probably my families biggest expense every month, so that’s why I think it is critically important to find ways to save money on bills wherever possible.
Let’s face it, no one enjoys paying bills, but it is a necessary evil if you want to enjoy things like running water, electricity, sewerage facilities, insurance plus much more. So it’s important to understand where your money is going and what you can do to limit the damage it does to your budget.
Learning how to avoid debt can be one of the single biggest ways to save money. Debt is a budget killer. Interest payments are expensive and will senselessly eat your cash at exorbitant rates.
Current credit card rates worldwide range from an average of 12% to over 30% (and that is not counting countries like Brazil that clock in at a huge 120%). Store and gas cards can be even more. (I am holding off talking about mortgage payments here, as that is a topic for another post).