Monday, May 3rd, 2010
When you have a number of debts hanging over your head, struggling to keep on top of them can give you many grey hairs. The problem is that, just like a tiny hole can fill up a boat with water over a period of time, having numerous loans can sink you as well. How? Take credit card debts for example. Sure, flashing plastic at a mall can be extremely gratifying. Retail therapy can be satisfying, and there’s nothing like the radiant glow of a person who’s shopped and found some great bargains. But getting the mammoth billing statement at the end of the month can be one giant blow on the face, especially when you find that you can’t afford to pay anything more than the minimum. Sure, that works. But that’s only on one credit card, what about the others? If you are like most people, you would most likely have other credit cards in your name. And what about the basic expenses of daily life, like rent or mortgage payments, car payments, food, water bills, gas? When you add all these bills up, you may find that your salary just can’t cover everything. That’s when you’re in trouble. Read the rest of this entry »
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