No one likes to think about when an emergency may arise. It may be a health issue, it may be work related, money and finances, an emergency can come in many forms, and also affect just about anything.
There are two things that you may not think go together almost like toast and jam, and that is credit and gambling .
As per Shakespeare in Hamlet, “neither a borrower nor a lender be”.In the world of money and lending and borrowing, it is not just limited to the banks, and loan companies, credit cards, peer-to-peer lending , and overdrafts. Lending money also can be closer at hand as in the instance of a family member or close friend asking to borrow some money. In some instances it may be a large sum of money.
At some point in our lives we may need to borrow money, and not just a quick borrow from friends or family, but a real honest to goodness bank loan.
There is so much about personal finances that has been written about over the years here in this blog, topics such as loans, credit scoring, bad credit and bad credit loans, insolvency, insolvency for businesses, troubles on the High Street, money laundering, and even infographics on Facebook, Google, James Bond, you name it, it has been mentioned here!
Do our children fully understand debt, and being in debt?Do they know the consequences of having debts?
It was announced recently that the government as going to begin the “much-delayed” process of repackaging student loans into asset backed securities .
Of all the four (4) letter words we all may dislike, debt can be one of them.To be in debt sounds like a heavy yoke placed around one’s neck, or a scarlet D, painted on us.
A question many people ask themselves when they sit down and look at their personal finances and budgets is, should I consolidate my credit cards or other personal loans into just one (1) loan?
I have written before about being an “entrepreneur” and what it takes to be the boss, have your own company, be the visionary and driving force behind a successful business.