Reasons Why You Shouldn’t Get More Loans Than You Can Afford

Some lenders may tempt you to borrow more money from them so they earn a better profit. But you want to keep your loan amounts reasonable to avoid financial complications. 

There are many circumstances in life when loans come in handy. These are the times when your car dies on you and demands repair; when a credit collector calls you for payments and when your kid asks for money for projects and field trips. Obviously, you need loans because at these times, you’re also strapped for cash.

Loans for people with bad credit may come to mind when you meet unexpected expenses. Because you can basically apply and get approved for loans for people with bad credit very quickly, you can instantly use the funds to solve your financial dilemma.

However, some lenders may tempt you to borrow more than you need. Don’t take the bait. Keep the loans as minimal and simple for the following reasons:

  1. The Higher the Amount of the Loan, the More You Have to Pay in Interests

 

Interest rates make loans for people with bad credit expensive. If you take a larger amount, the lender can charge you higher interest. Instead of getting more than …

Save Money by Stocking Up on the Necessities of Life

Stocking Up savingMy mother was born in 1942, in the midst of World War Two, so she was raised by parents who understood the concept of stocking up on the necessities of life in case of an emergency. On top of this, her family was poor due to the bad health of her father. My mother was taught how to stretch a penny, and she, in turn, taught me this art.

We live in a different generation, a generation of plenty. If you want it, and you have the money – or a credit card – you can get it. Simple as that. Unfortunately, the fact that everything is so plentiful in this country is having an adverse effect on many of our pocketbooks.

If you are a member of the budgetarily-challenged – I am not just a member. I am the president – then you should really learn the art of stocking up on the necessities of life. Take toilet paper, for instance. There will never come a day when you grow tired of using toilet paper – or at least I hope not. It is clearly an unperishable necessity. So if toilet paper is on sale for a dollar off, …

Save Money on Every Purchase You Make

Many people pay very little attention to how much they spend on the purchases they make on a regular basis. These are things they need to buy, so very little thought is put into whether or not they get the best price available. These are things such as groceries, cleaning supplies, clothes, personal items, and anything else that you go through on a regular basis. Now there’s a way to get 10% to 20% off on all of your everyday purchases right off the top. The process involves buying gift cards at much discounted rates, and here’s how you can do it too.

Gift cards have become a very popular thing to give for a number of different occasions, because it takes all the thought out of what you have to give. The person receiving the gift can go to the store and get whatever they want. However quite often people receive gift cards to stores that they really never go to, and would rather have some cash instead. So these people take their gift cards and sell them for a bit of a discount to receive actual cash.

money save

There’s a very active secondary market of gift cards being sold …

Small Appliances that Save You Money at Home

Many people look at small appliances and like the features, until they see the price. If you’re one of those people, have you considered the fact that small appliances can in fact save you money? Small appliances allow you to prepare more items at home and we all know that items made from scratch cost less than items bought in the store or at fast food restaurants. The next time you back away from small appliances, because of the high price, think about how that small appliance will help you save money. The following are just five small appliances that will save you a lot of money.

Small Appliances That Save You Money #1: Ice Cream Maker

There is nothing like a high quality ice cream, but the price of these high quality ice creams can be quite expensive. Many pints of high quality ice cream will cost around $4. An ice cream maker will set you back around $50-60. This may seem like a lot of money, but when you consider that you can make high quality ice cream at home for a fraction of what it costs in the store, the price doesn’t seem so bad. What people …