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Track Your Spending: The First Battle in the War on Debt

According to The Money Charity, the average UK household is in £60,363 of debt. With millions of job losses expected due to the fall out from the coronavirus pandemic, that figure is set to rise. It could spell disaster for those who are already struggling to manage their finances.  For anyone who has experienced debt, it can be truly crippling. Trying to make repayments while keeping up with your other expenses is tough. If you’re still not in control of your spending or on a low income, it can feel impossible to make progress. But, no matter how bad things…

9 Reasons Why So Many People Are In Debt

Getting into debt is such a common occurrence in Western nations that it could be considered an epidemic. It can tear couples apart, be a constant source of stress to an individual or even worse. If you are one of those people who don’t see a way out, please read this thoughtful piece by Jackie Beck. We don’t want you wallowing or feeling bad about yourself for getting into debt. It happens. But to get over a problem we must admit that we have one and a good way to do that is look at the reasons why the problem…

5 Good Reasons To Go into Debt

It might be a surprise to see a finance site like us to talk about debt in a positive fashion. However there are two types of debt that you can get into; good debt and bad debt. Most people are so involved and stressed out with bad debt that they think of all debt as bad. Bad debt is set up to keep you paying someone else interest on money for as long as possible for benefits that you will have forgotten long before the original debt is paid. It is the way that a lot of the economy works…