Collaborative Poster

Those of us that are expert budgeters still get caught out from time to time by expensive unforeseen disasters. This could be anything from an expensive car repair to an emergency operation to a busted water pipe. The easiest way to pay for these disasters is to take out an emergency loan instead of being in debt. Disasters Put You in Debt But this means putting yourself in debt and potentially paying a huge amount of interest that you wouldn’t have had to pay had your preparation beforehand. You can’t prepare financially for all disasters, but some can be anticipated. Here are just a few ways to afford disasters without sinking in debt. Invest in preventative measures Many disasters can … Read more

When someone falls into the debt trap, one of the most widely given pieces of advice is to increase your income. Doing so gives you more money, which can be used to pay off what you owe. However, what happens when you simply can’t increase your income? How do you pay off debt now? Well, here are three ideas that will help you: Slash Your Expenses If you can’t increase your income to earn more money to go towards your debt, then what’s the next best thing? Spend less money so you can use the money you save to slowly eat away at your mountain of debt. It’s a very easy concept, and it will work over time. The key … Read more

When you’re living on a tight budget, it can be difficult and rather stressful to work out where you should cut down on your bills. There are some payments that you need to make per month that are non-negotiable, such as the rent/mortgage, groceries, and the utilities. Where there is no room to simply stop making these payments, you need to figure out where you can save some money and lower your costs each month so that while you’re strapped for cash, you can still live. Saving money is important to a lot of people. It doesn’t matter whether you are a student looking to cut some costs while you’re studying, or if you’re in the middle of pulling overtime … Read more