Posts tagged as:

the lure of credit

If Financial Education Was In Mainstream Schools Would There Be a Recession Looming?

We are all only too aware of the recent slowing down in house price rises, the escalating climb in personal borrowings, the increasingly higher levels of personal insolvencies and the fall out from the banks lending policies over the last ten years laid bare for all to see. I wonder how many people would now [...]

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Week 26 : Cut Up ALL but one credit card

If you really want to be DEBT FREE in as little time as possible, the very first thing you need to do is STOP ADDING TO THE DEBT. Cut up all but one Credit Card and use it for emergencies only (*NB a new pair of shoes NEVER qualifies as an emergency!) It was Tony [...]

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Week 23: Borrow Your Way Out Of Debt ? Go Back to Square One

With repossession numbers climbing, house prices sliding and personal borrowings at record levels you can understand how consolidating your debts can SEEM to be the solution to your problems, however, when you begin to grasp the concept that it is actually making the situation WORSE not BETTER you will have at least begun the reverse [...]

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The Fact Is You Tend To Spend What You Earn

I can understand people’s scepticism on how they too could reach the heights of “freeing up” £91,000 of their money within just 3 years, but unless you are extremely good at income and expenditure control, you will find out if you simply add it up, you tend to spend what you earn. We hi-light typical [...]

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