Three Solid Ideas For Your HeLOC
What great things can you do with your HELOC now that interest rates are going up? You would be surprised, here are 3 solid ideas of what you can do with your Secured Line of Credit even with rising interest rates.
Avoid Late Fees: Let Your Calendar Save Your Finances
Using a calendar might save you from costly financial mistakes. This article shares a real-life example where forgetting to set a credit card due date reminder almost caused a late fee disaster. From smartphone calendars to fridge magnets, learn why integrating your financial deadlines into a calendar system is essential. Shared calendars can even prevent misunderstandings between partners and ensure all bills get paid on time. Don’t rely on memory use your calendar to stay on top of your finances and avoid digging into debt through preventable errors.
Surreal Paragraphs Found in Credit Card Bills
Are you only making minimum payments on your credit cards. There is a sentence on your statement you should read, and that tells you how long it will take to pay off the debt, if you only make the minimum payments.
Paying Off Debt is Risky?
Big Cajun Man argues against the idea that investing is always a better financial decision than paying off debt. He proposes that, in today’s economic context, the notion of not paying off debt due to potentially higher investment returns is fallacious. The author notes that unsecured debt often bears higher interest rates than usually presumed and cites a real-life example from a tech executive who lost his investment. It advocates for paying off debt, which provides more financial options and security, and cautions against getting financial advice from unverified social media sources.
A Mortgage Changes You
When you get a mortgage your behaviour usually changes. The behavioural changes reflect your lack of choices, due to your mortgage.
