Tag: Finances

  • Stephanie’s Poll: Money vs Time

    We can’t deny the fact that for every marriage to pass the test of time, comfort which comes from having good finances and quality time are both important. The question for today is, which one is most important to you?

    Let’s examine both scenarios:

    Without having enough money to cater for one’s needs, it puts a strain on marriages. These days women are not comfortable when they have to rely on their husbands for every financial responsibility.

    On the other hand, a couple who do not spend enough quality time together as a result of very busy work schedules often have a big gap in their relationship. It gets even worse when children are involved. When children don’t spend enough time with their mother because she is too busy with work, there could be grave consequences.

    As a man, would you prefer to have a wife who earns a lot of money and spends less time at home with the family or would you prefer a wife who has all the time in the world for the family and earns very little or nothing?

    Let’s be realistic SL Fabz. I’d love to hear from you.

  • Simple Tips To Help You Recover From Holiday Debt

    A little holiday splurge is really common. In fact, so common you won’t know what hit you until you count how much you’ve spent! Clothes, shoes, food, gifts, show tickets, more food, gadgets, home appliances… There are lots of things we tend to spend money on during the holidays, sometimes digging into our savings and even worse, going into debt.

    Sadly many find themselves in this trap right after the holidays. Here are some tips to get out of debt:

    1. Don’t ignore the bills
    It might seem like the easiest way to deal with holiday debt is to pretend like it doesn’t exist. The truth is, it does exist and ignoring it will only make it worse.

    2. Get a part-time job
    If your salary can’t adequately cover your debt, its time to start thinking of getting something else you can add to your job. And thanks to the Internet, there are more opportunities than ever to do just that. If you run a business, its time to start thinking of an expansion.

    3. Reduce your monthly spending
    Now will be a good time to start reducing the amount of money you spend each month. The holiday have revealed that you are spending above your means, hence your debt position.

    4. Don’t add more debt
    This is almost like the point I mentioned above, but not exactly. As you reduce your monthly spending, be careful not to add more debts in subsequent months when you get to a more relaxed position with your finances.

    5. Give it all you’ve got
    Being in debt is never a good thing. It sets you back in so many ways. Try your very best to get out of this rut as soon as possible.

    So, did you get into any holiday debt? What did you spend so much on that got you into debt? How are you planning on paying off your debts?

    Your tips might just help someone today. Let’s share!