In an ideal world, we would all be debt free and cash would be king. Sadly, this is rarely the case and most families have some level of debt. A mortgage is the most common type of debt because buying a home is expensive. Next on the list is credit card debt, shortly followed by personal loans. You may also have student loans or a car loan that needs to be paid every month. Not surprisingly, this is a lot of cash leaving your bank account on a regular basis, so it makes sense to think twice before you sign up for any kind of additional debt.
Personal loans, such as those offered by themoneyhub.co.uk, are a useful way of paying for bigger purchases such as home improvements and expensive holidays. However, it isn’t all plain sailing and if you borrow money you can’t afford to pay back, your credit rating will be shot to pieces. Here are some tips for anyone considering taking out a personal loan.
First things first, think very carefully about whether you a) need to borrow the money and b) whether you can afford to take out a loan. Saving up for a big purchase has rather gone out of fashion in recent years, but if you can afford to wait to buy, this is the best way forward. If you can’t wait, draw up a budget to make sure the loan repayments won’t push you into poverty for years. After all, no flat screen TV is worth living on baked beans for five years.
The better your credit rating, the more choice you will have. Check your credit rating for free and if you notice any discrepancies, fix them before you start applying for a loan.
Rates vary between different loan providers, so shop around to find the best rates. If you have a good credit rating, most loan companies will be happy to offer you a loan, but if your credit rating is poor, you will be very limited.
If there is any chance you will be able to repay the loan early, check the small print to see if the lender charges for an early loan settlement. If you miss this and then decide to repay the loan early, it will cost you extra.
The more you borrow, the lower the interest rate will be. Most loan companies drop interest rates at fixed incremental levels. Play around with the borrowing amount and see if there is any benefit to be had by borrowing slightly more. It could save you money.
Secured loans are cheaper, but they are secured on property and you could lose your home if you fail to make the loan repayments. Be aware of this key difference before you opt for a secure loan over an unsecured one.
Personal loans are very useful at times, but make sure you are clued up before you apply for one.
Since you all loved the other cookie giveaway I did last week I thought a St. Patrick's Cookie Giveaway would be another great one for those of you who have a sugar tooth. :) This giveaway is sponsored by Gourmet Cookie Bouquets ! I personally have not tried these cookies but looking at the pictures of all the cookie bouquets made me ready to try them! I absolutely love the creativity in all their Holiday Bouquets! 2 Lucky winners will win a fun St. Patrick's Day Bouquet that is valued at $50. GOOD LUCK! I hope one of my readers wins!! Use the rafflecopter widget below to enter the St. Patrick's Day cookie giveaway. The mandatory entry is commenting on this post, but once that entry is completed, various other entry options will become available. Any option is acceptable, but the number of entries per person are limited to the number indicated in the contest rafflecopter form. Entries will be reviewed and duplicate or uncompleted ones will be removed
St. Patrick's day is March 17th so its approaching quickly. I have a few ideas on art and food projects that i want to do with the kiddos. Hopefully I will have enough time to complete them and share them with you. This was a super easy one for those little hands. I cut the stripes of colored paper but if you are working with a preschooler or school aged child then they can practice cutting. The two toddler boys here only had to glue the pieces on their piece of paper. EASY, but they enjoyed it! :) It sure has brightened my kitchen with them hanging on the fridge! :) I also talked more about the Promise God gave us with the rainbow since I know that history a whole lot better then the history of the Irish Holiday!
MY MEMORIES SUITE Review and giveaway! (#1 rated scrapbook software) The above is one of the scrap pages I have created. Super easy and super fast. I only took a couple minutes to create a 8 page photo book. I am still going to do some more with adding more embellishments! The below is one I created all from scratch and it only took me about 5 minutes! :) SO EASY! Here is a great video explaining more about the product. There are also tutorials available on youtube.com I am not sure if you are like me but I have spent hours online trying to upload photos to the web to place them into something I was trying to create. THE BIGGEST BONUS to My Memory Suite is the fact that it is downloaded to your computer so you do not have to wait forever for a picture to upload! It made my experience much quicker then other programs I have used online. The scrapbook software was very easy to download on my computer and did not take long to learn how to create. :) One feature t