Overwhelmed by Your Personal Loans? Here’s What You Can Do
When thinking about life after university, most people also reflect on the necessity of financial aid if they don’t have a job lined up right away. Eventually most end up getting personal loans to deal with their everyday bills and expenses. The opportunity of following your dream does not come cheap and it’s especially inconvenient considering that the average uni student doesn’t have a job ready. So what happens if you still don’t have a job or have just minimum-wage to pay back your personal loans? Get another personal loan on top of the first one? How can we get […]
Financial Dilemma: Which Debt Should You Pay Off First?
If you want to learn how to pay your debts easily, we will tell you that there is no easy way around it. No matter what you do, you eventually have to pay the money. However, there are still ways for you to make the process less stressful – and that is by figuring out a payment priority. Discovering the Order So how to pay your debts in an appropriate order so that you can save money? There are many theories. One option is for you to pay the debts with the highest interest rates first, and then pay the […]
Paying off Debt vs. Saving for Retirement
This is one of those financial questions that always seem to arise at some point in life: should I pay off my debts or should I start saving for retirement? Under very happy circumstances, we should be able to do both; however, unless we’re billionaires, we may have to borrow the money needed for any of the situations above. So how do we choose between the two, under these circumstances? Well, here are some thoughts. Figuring Out the Interest Rates Take a spreadsheet and start writing down the interest rates, going from highest to lowest. You should include everything from […]