Is there such thing as good debt?

Is there such thing as good debt? Yes there is but you need to know what it is and what bad debt is. Banks won’t tell you the different because they just want to sell you a product. The staff in a bank are really just sales staff who have been trained to sell, sell, sell. This is why when you phone up your bank to check your bank balance, they will ask you if you need insurance, or a new credit card or perhaps a loan. Just say no because you should always take these things out when you actually need to and only after doing a lot of shopping around.

Challeng youself to save money on all sorts of things, you can save gas money easy along with comparing prices of other utilities such as phone and electricity.

Does Debt Consolodation Work?

We’ve all seen those adverts on TV for debt consolidation which sounds too great to be true. Actually, they’re supposedly such as great deal you’ll even have money left over to buy a car or go on vacation. But is this really the message they should be sending out to people? Instead of trying to make everything sound rosey, they should be telling people how it rally is. They need to put a cap on their spending and try to earn some more money. These companies are telling people that debt is good but really there is good debt and there is bad debt.

Money and Celebrities

Every day we read about how celebrities are spending vast amounts of money buying designer clothes and jetting off to private tropical islands. Is this one of the reasons that so many ordinary people are getting into debt problems? It wouldn’t surprise me. However we still need to take responsibility for our own actions and blaming it on other people perhaps isn’t wise. Instead we should be looking for ways to reduce our outgoings and learn how to budget and get the best finance deals on existing loans etc.

Money and Stress

Stress and money are very closely linked. Although money doesn’t necessarily bring you happiness, the sever lack of money can bring all sorts of stress to you. Money is often the reason that people become divorced which is a real pitty. Who knows why people get into debt problems in the first place. Banks might be one possible cause of blame because they are always trying to push loans and credit cards our way. They make it all sound so simple.

Do you obsess about wealth creation? There's nothing inherently evil about making money but it's not worth it if you risk your health and such life. You don't have to be rich in order to be happy. Please remember that fact.