Regaining Financial Control – Part 1

Regaining Financial Control – Part 1

Ask yourself:

1. Do you spend more than you earn?

2. Are outstanding payments piling up or becoming increasingly hard to pay off?

3. Do you find yourself paying bills late or barely making deadlines?

4. Is your credit card limit fully utilized?

5. Do you feel like you’re struggling to keep your head above the water?

6. Here are a few tips to avoid getting into that situation and to get you out if you’re already there.

7. Do you live from pay cheque to pay check?

8. Do you feel like you work so hard and yet still you’re debts seem to be increasing?

If you answer YES to 3 or more of these questions then you need to regain financial control before it is too late.

How to regain control of your finances:

Consolidate your debt
Your financial situation could get very confusing when several different loan or credit card payments are coming out of your account at different times of the month. It becomes difficult to keep track of: which payments were actually made; which payments are outstanding and if you have sufficient funds to cover them; how much you can afford to spend on entertainment and other everyday needs such as groceries, travel, lunch etc.
You can solve this problem through debt consolidation. This simply entails taking out one loan to pay off many others including hire purchase debt and loans and credit cards from other banks and retailers. This way, you only have to service one loan, track one payment and deal with one bank. Ask for a Debt Consolidation Loan.