Simple Money Advice
Simple Money Advice Do you remember the last piece of really good money advice that you got? Who did you get it from? Was it your parents, your co-worker, your…
Simple Money Advice Do you remember the last piece of really good money advice that you got? Who did you get it from? Was it your parents, your co-worker, your…
OWN YOUR POTENTIAL engage, explore, evolve Potential: (adj.) Capable of being but not yet in existence. (Noun)The inherent ability or capacity for growth, development, or coming into being. “What is…
In a recent blog by a colleague of mine, the first thing that jumped off the page and metaphorically smacked me in the face was the phrase, ‘us good guys.’…
How does debt consolidation work? In essence, it is combining multiple debts into one payment for the benefit of simplicity, lower interest fees and lower monthly payments. People often talk…
Throughout my career, I have seen a lot of clients go through a range of emotions relating to experiencing debt relief. Obviously, at first, clients are ‘gung ho’ to get their debt paid off – excited, anxious, motivated. They have many questions relating to the process of debt repayment and how being on a debt management program will impact their lives. Usually clients expect big changes to happen quickly and the turnaround to be immediate.
As the debt repayment program continues on (with a maximum length of 60 months, or 5 years, unless there are student loans involved), clients usually settle into a steady momentum of payments every month. They get used to the money being allocated to their debt and reconfigure their budgets accordingly. Months, then years, go by.
What happens in the interim? Sometimes, unfortunately, people experience debt fatigue during the debt repayment process. What is debt fatigue and how can you manage it?
Recently a new casino (aka ‘gaming facility’) opened up in my area. Since it’s opening, new payday lending stores have been popping up all around the vicinity. Coincidence? I think not.
Payday loans provide the quick cash that fuels a gambling addiction. When the gambler is losing, they can simply head next door to the payday lender, get some instant cash, and head back to the casino to win back their loan and the rest of the money lost, right?