Thriftiness is back. The present crisis was created by a gluttonous appetite for debt, and the bubble bust lead to many losing much. Some even went into negative equity. As a result, a lot of books and website are promoting a come back to good old values: live within your means, reimburse your debts and [...]
Posts Tagged ‘Debt’
Day 5: Get out of Debt – Fight for independence
While setting up your budget you listed down all your debts and minimum repayment. You now have to get back to this list, review it, and think over your strategy to get rid of most of them. Why not all of them? Not all debts are bad. Some are an inescapable part of life; mortgages [...]
Why Do You Need a Budget?
I will continue on yesterday’s subject (Allowance & Budget) by developing my vision of a budget.
What is a budget
A budget is a summary of probable expenses and income for a given period. It gives you a foresight on what expenses you can expect and what you have to plan for. A well planned budget will [...]