Personal Finance | Money Management  


Money View: Your Personal Finance Manager





Credit Card Consolidation Loans - Can They Save You Money Credit card consolidation loans can make a huge difference to your monthly outgoings if you have a number of credit cards with outstanding balances. Instead of paying the massive amounts of interest that the credit card companies charge you can often get a lower rate of interest together with a lower monthly payment. 

As Buffett says "A public-opinion poll is no substitute for thought." If you are planning to make an investment doesn't it make sense to check things for yourself? After all no one will ever take as much care of your money as you will yourself. One thing which many people tend to forget when they first start to invest in the markets is that they are investing for the medium to long term. 

Ok the minuses include horrendously high rates of interest but on the other side of the coin they can be invaluable in emergencies. Just don't use them as long term loans because they were never designed for that kind of borrowing. If you are finding that you have outstanding balances of two, three or more credit cards you will probably be well advised to look into taking out a debt consolidation loan. 

Debt Consilidation - Is A Loan The Answer For many people who find themselves in debt, consoilidation may be the answer to their problems. If they combine their outstanding finances into a one debt consoilidation loan they can usually reduce their monthly outgoings quite considerably. It is not just the reduction in the amount of money they have to find each month that makes debt consolidation loans so appealing to people. 

A quick dose of reality for some I'm sure but a very necessary one. That is because the truth is that even the most prudent investments carry a degree of risk with them. If you don't feel comfortable with the possibility of losing your money then it's more than likely that the stock market isn't for you. 

It acts as a kind of security for the bank as well as it helps you to really save that amount of money, adding more meaning to the concept of savings accounts. But you have to see if you can really afford to keep this minimum deposit with the bank because if your total deposited amount goes less than this, you will have to pay an additional charge.