What does it mean to have good financial literacy? Being financially literate means having the knowledge to make decisions that will positively impact your financial health. As noted in the…
Many times when thinking about our budget, and how much we have left-over for spending on our wants, we forget about the irregular expenses or unexpected costs that pop up. That is why having a detailed budget (with an appropriately sized miscellaneous category) along with an emergency savings fund is essential to keeping us out of debt. Let’s review some of the commonly forgotten costs that can lead to financial hot water:
Wednesday, 22 February 2012
People are surprised to find out that debt isn’t a simple thing. There are many kinds of debts such as good debts, bad debts, family debts, mortgage debts, corporate debts, government debts, secured debts, unsecured debts, consumer debts, statute barred debts and now a brand new one – zombie debts.