Plastic Fantastic! Using Your Credit Cards Wisely

Signing up for your own credit card is a huge step. It shows your engagement with the larger financial world. While some people may boast that they’ve never borrowed a penny from anyone else, they’ll soon stumble when it comes to taking out a large loan down the line, such as a mortgage, or a loan for a large expense such as a wedding, holiday or car. After all, if lenders haven’t seen how you deal with small amounts of cash, how can they know whether they can trust you with large amounts that are not your own? Engaging with credit is essential. However, you need to be able to use credit wisely, or you can quickly and easily land yourself in a whole lot of debt. Here are a few things to bear in mind when dealing with credit and professional lenders.

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Interest Rates

Every professional loan will have some kind of interest rate attached. Essentially, this is what the lender charges you to borrow money. The lower the percentage rate, the better the deal for you. So shop around before signing up to any given credit agreement. There may well be someone out there who’s willing to offer you a better option.

Repayment Installments

You will be expected to repay a certain amount on a monthly basis. This should be the largest amount that is affordable to you. This means that you will clear your debt as quickly as possible. However, don’t set your repayment rate at an amount that is too dear for you to realistically afford. Missed or late repayments not only affect your credit score but will also land you with fees and fines.

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Improving Your Credit

Keeping up to date with repayments will increase your credit rating. However, this isn’t the only way to boost your lending appeal. Whether you have negative credit that you want to improve or are simply looking for some tips and tricks to further boost your standing, take a look at creditrepair.co. This page will tell you all that there is to know about the Credit Repair Organisations Act, highlights common mistakes that you may be making, goodwill letters, charge-offs, and much more.

Creating a Budget

The main reason for people ending up in credit card debt is spending beyond their means. Remember that credit cards aren’t free money. If you are using your cards wisely, you need to make a budget. This means that when you borrow money, you are making an informed decision and are completely clear on how long it will take you to repay it and how much the loan will cost you overall. So sit down with a pen and a piece of paper and work things out properly before setting your mind on making any purchase, whether large or small.

So, there you have it. Credit cards truly can be the gateway to both financial triumph and financial disaster. You want to be in the first category, so lend responsibly and avoid living beyond your means. Stick to the terms and conditions of your contract and everything should be plain sailing!

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The Family Vehicle: Choosing a New Car

This is a sponsored post. 

Choosing a new car is always something that needs careful consideration. When there are other people in the family, especially children, a new car becomes much less about what you want and more to do with what is needed for family life.

Used 2016 Chevrolet Camaro 1LT

Yet, with modern family cars, you can often have the best of both worlds. As long as you understand some factors that may be required from a family perspective, you have a wide and open choice ahead of you.

Running Costs

First of all, bear in mind that a car is not just a one-time payment. As long as it’s on the roads, you’re going to face various additional costs. A new car often needs less in the way of repairs or maintenance, yet is still subject to tax and insurance.

However, the right choice of car can also cut down your petrol usage. Most family cars are arguably made to be reliable and fuel efficient, rather than a fuel consuming muscle car. In this regard, looking at how many miles to the galleon a car can do is worth looking into.

If you think how much driving a mother can do in a typical week, from dropping and picking the children at school Monday to Friday to the weekly shopping, it can be surprising how many miles get racked up. With the additional pressures occasional holidays or visiting family elsewhere, and the travel requirements become longer. The last thing any parent wants is to be constantly worried about petrol usage. Buying a fuel efficient vehicle will put many of these worries to bed.

How Much Can You Fit?

Likewise, you can also reduce any choice with simple maths. If you have a family of 5, for instance, a typical 4 seat car might not be advisable. This may have a fifth ‘seat’ in the middle, but these aren’t always practical. Getting a car from cars.com with a dedicated extra seat would be much more advisable; it’s also something that will become greatly appreciated as children get older, bigger and in more need of space.

With this in mind, the right car choice should become a lot clearer. Whether it’s an estate or a smaller car, as long as you have enough seating to suit your needs, potentially factoring in for life’s unexpected surprises as well, then any car can be justified. Yet you should also consider boot requirements. More children mean more shopping and luggage and this all needs to be stored somewhere when travelling.

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Money Money Money, It Isn’t Always Funny

Are you in a tricky financial situation? Perhaps you have over-borrowed, or maybe you have had to borrow to pay for a seriously large expense. Don’t worry, you’re not alone, and there are a few steps you can take to escape your financial difficulty. Let’s start by thinking about how you can deal with an existing debt.

Manage And Settle

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The first step is to make sure that you can manage your debt. Perhaps the situation isn’t as dire as you think. All you need to do is guarantee that you can pay a little off each month. It might take some time, but you should eventually find yourself in a position where it just seems like one more tax or bill. That’s the ultimate goal here. If you can’t reach that point, you need a little extra help.

You should speak to a legal advisor and see if they can help pull you out of your debt cycle. They will most likely start by seeking out a debt settlement for you. According to debtsettlement.co, to do this, you will need to gather a large sum of money for a starting offer to the lender. In most typical debt situations the lender will bite, although it does depend on who you borrowed from.

Expand Your Income

Once you have started to manage your debt effectively, you should be looking for ways to expand your income. There are a wide range of options to consider here. For instance, you can explore the possibility of blogging. It’s super easy to set up a blog on WordPress, and it could quickly become a new source of income for you. All it needs is a little work and some fantastic content. Do this, and you’ll soon have people interested enough to become loyal readers.

Alternatively, you can look for side hustles and small investments that can slowly help you grow your finances little by little. One of the best ways to do this is with something like online surveys. You can answer surveys online, making money purely by answering questions honestly. It’s that easy.

Say Goodbye To Plastic

Finally, you need to make sure that you are eliminating borrowing from your routine. This is most likely how you ended up in financial trouble in the first place. Borrowing too much too often is always going to lead to debt. So, cut up those credit cards as soon as you have paid them off.

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After that, you might wonder how you can live the same quality of life that you’ve grown accustomed to. Well, it may not be quite the same, but you’ll be debt free, and with forward thinking, you can make the most of your finances. You need to make sure that you are saving a little each month. You can think of this as your safety net. It’s something that you will be able to fall back on when you need extra money.

The rest of the money that you make you can use however you want, and thus you should still be able to afford little life luxuries.

Take this advice, and you’ll escape debt devastation correcting your financial situation for good.

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Get Gorgeous for Less This Summer

Being a woman in the 21st century is hard – we all know that summer is fast approaching, and with it the endless beauty regime of plucking, shaving, moisturizing and perfecting that comes with it.  Women in the UK spend an average of £2,500 a year on beauty products – a staggering amount – and men are catching up with women, spending an estimated £1,786 a year on male grooming.

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When you consider the rising cost of living, it’s easy to see why many people don’t have much disposable income left every month, and not all of us can afford costly cosmetics and pricy pampering sessions every week.  There is an easier way to save money on the latest beauty products and treatments, and the key is to know where to look.

 Get hunting

Your local beauty salon or spa will often advertise its latest deals online – whilst some voucher websites may offer discounts, it’s best to check the salon’s site itself, which will usually detail any special offers.  Or why not ask the next time you pop in for an appointment?  With summer approaching, many salons will offer deals on waxing and personal grooming, so you could benefit from a 2 for 1 deal or discount on products that you normally use.

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 Find those deals

There are websites available which will hunt for the best available deals for you – simply enter what you’re looking for and a list of results will be presented to you.  These websites do all the hard work so you can be sure you’re getting the most for your money. So for instance if you are after a make up sale specifically, simply head to one of these websites and type ‘make-up’ in the search box. It will then gather deals from around the Internet and a variety of online retailers, and present you with all the make-up products that are currently listed as a sale product. Perfect!

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Buy in bulk

Discounted beauty products are often available to buy through online auction sites or smaller online retailers, and by buying in bulk you can often save even more money.  Remember not to buy cosmetics such as foundation in bulk – these products have a relatively short shelf life, so you should only buy a couple of bottles at most at any one time.  Products that you use a lot of such as hair removal creams, razors, shampoo and conditioner can be bought in bulk to experience significant savings, and many websites will offer free delivery if your order exceeds a certain amount.

It’s never been easier to get gorgeous for less this summer – savvy shoppers head online for the best deals and the latest products at discount prices.  Stick to your local salon for treatments (as it is always good to stick to the same therapist) and try to get the best deals possible. For particular products and cosmetics try the online sale finders. You’ll be looking gorgeous by the time the sun comes out!

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