Money Matters

money

There is yet to be a firm discovery of that elusive money tree we all want to find at the bottom of our garden. Unfortunately, until that is found, we are forced to look at other avenues in terms of finding cash when we need it the most.

Whether you are struggling at the present time due to a work situation, or you are trying to raise a little extra cash for a special occasion, perhaps a wedding, holiday, home decoration, or a new car, you will be pleased to know that there are many different routes you can go down in order to raise the extra bit of funding you need.

Of course, you should always balance risk with benefit, and never take on more than you can afford, but if you are able to afford that little extra credit, and you are sensible with your use of it, then there’s no reason why you shouldn’t take advantage of a little helping hand. If you are reading this and shaking your head, because you have a history of bad credit in the past, there are still routes to go down in order to help build up your credit rating for future use, such as Auto Title loans. Put simply, provided you keep your wits about you and aren’t silly with your credit opportunities, this is open for you to look into further.

Hire Purchase of a car or large item, like a washing machine or TV for example, is a handy way to spread the cost over a few months or even a few years. Again, check the repayments because you will be paying back interest on anything you take out in this way, but low repayments can help you afford such things in your life. Again, loans are another way to do this, in order to afford something large, like a car or holiday for example, but do bear in mind that if you are using a loan to buy a product, such as a car, you might be paying back the loan for longer than you actually have the car itself! It’s about weighing up the pros and cons and going with the right option for you.

Credit cards are a short-term fix, however there is a large downside with these. Interest rates can be high, and if you only pay back the minimum per month, you are going to end up paying back much more in the long run. The best advice with credit cards is, as you are probably aware, to try and clear up the balance within that month, to avoid interest charges, or at least within a few months, so the interest doesn’t build up. Credit card debt is probably one of the hardest to get out of, because the charges seem to be endless, and this is probably the most common reason for financial difficulties.

Again, we should reiterate, credit is there to use when you need it, and provided you use it sensibly, and you don’t abuse its positive side, it can be a very handy and useful fix to a short-term problem.




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