The five mistakes that keep you indebted

Image result for accumulateNo matter how you accumulate your debt, it is quite possible to pay for it and be financially free. Unfortunately, there is no easy way to get out of debt. On the other hand, try to avoid the following five mistakes that could prevent you from repaying the debt faster.

Do not negotiate

This is unquestionably the first thing you should do once you have decided to repay the debt. Most people are afraid to negotiate or even think that trading is not an option for them. If your debt is mostly credit card debt, then trading is probably the first step. Do not let your fear of bargaining prevent you from improving your financial situation. Call your credit company and simply ask if lower interest rates would be possible. Although very easy, the majority unfortunately does not opt ​​for this option. Here are some tips to keep in mind during your call:

  • Do a research, know your current interest rate and know what would be a more reasonable interest rate.
  • Take your time when calling. Do not do it just before leaving home, it may take some time.
  • Make sure you talk to the right person
  • Be polite, firm and confident
  • If they refuse, ask them when could they consider lowering the interest rate?

Even if trading is not your forte, have the courage to do so, as it could save you a lot of money in the long run. Use the tips for the phone call and, in the worst case, they will not just tell you.

Be part of the flock of sheep

It is not because others are in debt that you must be so. To think that it is normal to be in debt because everyone is so is a big mistake. Seeing your friends and family indulging in activities, traveling and shopping is a tough thing, especially if you know they are in debt but they do not care too much. If you are not happy with being in debt, you are the only one who can change something. Think about the well-being that the absence of debt will bring you.Image result for no debt

Pay off the debt without making a plan

Making a list, budget or plan is the best solution to help you repay your debt. Many people think that a plan or budget is useless, but when you plan to pay off your debt completely, develop a plan of action is essential. In making your budget, you will see the amount spent on food, activities, transportation, which will allow you to make the necessary cuts more easily. If you make a plan, follow it. You will thank yourself once you are free of all debts .

Change your attitude

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If you are trying to get out of debt, but you can not, it may be because you are bogged down. You must start a new page of your life, both personally and financially. If you start your repayment process with a change of attitude, you are certain to succeed. Start by changing the little things and the big changes will be easier to manage in the future. A change of attitude could allow you to change your life for the better.

Be distracted

Getting distracted by other priorities could have a negative impact on your debt repayment process. Life exposes us to a lot of distractions and it’s important to know how to handle them. Your debt repayment must be your highest priority. This means that savings go before spending, shopping or going out with friends. If you feel like you’re being distracted by your friends who come out frequently, make sure to budget for your expenses and make a commitment to pay off your debt.

Nobody is perfect. Do not blame yourself for the debts you have. Instead, focus on repaying them. Avoid the mistakes above and you should free yourself of your debt soon.

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Student life: good sides, bad sides and a little more expensive sides

Image result for Student life: good sides, bad sides and a little more expensive sidesStudent life brings with it costs that can not be avoided. However, he has many tips and advice to make the financial situation more pleasant and easier to manage.

There are also many factors that will determine the cost of your studies: the choice of university, the books you will need to buy, housing, transport, etc. All of this, of course, adds to the cost of a healthy student life: outings, trips, activities, etc. Although it may seem difficult to manage, do not worry. Developing a structured budget could help you organize your spending well and spend the money wisely. A good budget will allow you, in short, to have a rich student life both academically and socially.

The budget

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Budgeting should be one of your priorities before the beginning of each academic year. It will not be nice, but it will guide you throughout the year to remain responsible and to enjoy a healthy student life.

  • Make a written budget: Write a list of all possible expenses you may have. Include food, entertainment and, if you live outside your home, the cost of the return trip. When you go to see the list of expenses, you’ll be a little scared at first. But, believe it, it’s better to be surprised now than when that happens.
  • Identify your financial habits: Everyone manages their money differently. Be honest with yourself and try to identify your personality type. If you prefer public transportation to get to school, then plan a little more money for the “transportation” category. If, on the contrary, you like outings with friends, give a larger sum to the “amusements” category.
  • Add it all up: Once the list is fine, add up the expenses and compare them to your income, savings and student loans.
  • Review It : It’s important to make sure your expenses do not exceed your income. If this is the case, then review your priorities and find out where it is possible to make cuts. By making the decision beforehand, this will allow you to be safe, psychological and financial throughout the year.

Be organized

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Being organized is a quality that will be useful to you not only during your studies, but in your life in general.

  • Keep an eye on your budget: If you have a budget, do not forget to follow it. Having a budget is a good thing, but if you are not overseeing your expenses and going beyond your limits, then the budget is not going to help. Keep your receipts and write down all your expenses.
  • Organize your business well: In order to stay organized, buy a binder in which you will insert all invoices and receipts. Also, if you benefit from financial aid or student loans, it is important to organize the papers so as not to get lost. Separate your binder into different categories: receipts, official papers, etc. So you will not be lost when you need it.
  • Have a bank account (check and savings): It is important to have a bank account. Even more important is having a checking account and a savings account. This way, you will be able to see what your expenses are and what your savings are. Also, this would allow you to keep your money in your savings account and transfer only the amount of money you need at the beginning of each month. This will save you from spending all of a sudden.
  • Anticipate the unpredictable: Your budget may already be tight enough. On the other hand, it is always advisable to put some money aside for an emergency or an unforeseen event. You never know when your car may need repairs or, if ever, a travel opportunity at a cheap price is offered to you.

Earn money and spend it wisely

Image result for spend wiselyStudies must be your number one priority. However, having a part-time job to pay for your books and outings is always an asset. In addition, it is never bad to have some extra money.

  • Find a job: Studies will take a lot of your time. On the other hand, a part-time job, even a few hours a week, could make your financial situation easier. Many students are forced to work throughout the year in order to pay their tuition fees. Take inspiration from them and try to insert a few hours of work into your schedule.
  • Avoid the university bookstore: Try to find alternatives to your university bookstore. Go for websites or look for someone who sells his old books. Ask friends if they know someone who has already taken the same course in the past. Finally, buy your office items (pen, pencil, etc.) in stores offering discounts. Quite often, the prices in your university bookstore are doubled.
  • Avoid the car: If you do not need a car at school, do not take it. A car is a big expense even if you rarely use it. The parking price alone is a big expense in your budget. Opt for public transportation instead.
  • Choose wisely your activities / outings: As a student, you are often exposed to a lot of activities. Make sure you make the right choices. He is very fond of spending all his money on night outings with friends. Pay attention and respect your budget.
  • Take advantage of student discounts: Many places around your campus offer student discounts. It may not be a huge help, but it can do the trick. Ask the Student Help Desk at your university for a list of places that provide this type of discount. This way, you will be able to plan your outings in advance, which will save you some money.
  • Scholarships: Apply for all possible scholarships. Your school must have a large list of scholarships. Why not benefit then? It does not matter whether the amount is small or big. A scholarship is a financial aid that no one should refuse.
  • Desires vs. Needs: Learn to distinguish between your desires and your real needs. Being a student does not mean bathing in luxury. So, by resisting your temptations and your desires, you make sure you have a healthier and more stable financial situation in the long run.

Student life is filled with stress and there are financial responsibilities. So your money should be your priority. You do not want to worry about your financial problems during the mid-term or during the final exams. By being organized and having a budget, you avoid this kind of stress and, in fact, take another step towards success.

Premium loan, or almost | Loans Quebec

Image result for premium loanAfter the economic crisis of 2008, getting a loan has become more difficult. Creditors only lent money to those with almost perfect credit ratings. First class consumers (with perfect credit scores) were the only ones who could get the financing they needed.

But, over time, other consumers began to pay off all their debts and take care of their finances, so that they became the consumers of almost the first category. These borrowers have a better credit rating than the at-risk borrowers, but at the same time, it is not as good as that of the first-class borrowers. These people did not have a perfect credit history, but they made the effort to put their finances back on track.

First category, almost first or same risk category

Banks and other institutions like to categorize consumers by their ability to repay the debt. Before the economic crisis, borrowing restrictions were not widely practiced. After the crisis, however, creditors became very concerned about the consumer’s ability to pay their debt, especially for the risky consumer. All of a sudden, the only ones who could get a loan were first class consumers.

  • First class consumer : A consumer who has a credit score greater than 720.
  • First-class consumer: There is no exact figure, but their credit score varies between 660 and 720.
  • At-risk consumer: This is a consumer whose score is less than 660.

While the effects of the crisis are still being felt, first-class consumers continue to be turned down for loans, lacking funding to buy a house or start a project. The risk of insolvency continues to haunt lenders.

The majority of the financial problems of the consumers of almost the first category concern the past and not nothing to do with their current financial stability.

The good news: things change

<strong>The good news: things change</strong>

In general, consumers of almost the first category continue to be refused by the banks for financial faults of their past which are now out of their control. Unfortunately, our financial mistakes remain on our credit report for 10 years. ( Learn how to protect your credit report here ), which negatively affects the credit score for the same period. This could prevent you from obtaining the necessary funding. When the creditor takes the time to look beyond the credit score, he often discovers that the consumer of almost first class is a reliable pillar.

The good news is that things are changing. Currently, the average Canadian:

  • Has the opportunity to repay a loan on time and in full
  • Has a job
  • Has an income of $ 50,000 or more
  • Has enough money in your bank account

Fortunately, creditors began to analyze other data to assess the reliability and creditworthiness of the borrower.

  • Telephone bills
  • The bills of the charges (water, gas, electricity)
  • Your bank statements
  • Your rental history

If creditors offer more chances to consumers in the first category, they will have the chance to improve their credit rating and access more financing in the future.

Will I be approved?

If you are a consumer of almost the first category, it is difficult to know if you will be approved or refused. The lending market has changed dramatically since 2008 and it continues to change today. But more and more consumers are getting the desired financing, so do not lose hope.

Some financial institutions have already realized the opportunities available to them if they start to finance consumers of almost the first category. Know how to seize this opportunity.

Autumn holidays – Autumn holidays for a small budget

You want to spend a wonderful holiday in the fall and not spend so much money? Then you do not have to wander into the distance, because for the autumn vacation there are many opportunities in this country. Why do not you decide for a trip to Lake Constance? Autumn holidays for little money, for example, in Lindau. The small town will inspire you and in the afternoon you can really enjoy your autumn holiday with a piece of cake on Lake Constance.

Autumn holidays - Autumn holidays for a small budget

The cheap holiday in autumn at Walchsee: the paradise for the whole family

Your autumn holiday should be cheap and still offer something for the whole family? In Austria, too, you will find what you are looking for: If you spend your favorable autumn holiday at the Walchsee in Tyrol, then you will not only be enchanted by the charming place, but you can also follow a variety of water sports. Climb the “Tame Emperor” and take a look at the surrounding countryside during your autumn vacation. The hikes are suitable for the whole family and you do not have to spend money on these special moments. You can visit the Hechtsee during your autumn vacation. In the midst of beautiful forest landscape you will experience very special autumn holidays for little money. There is nothing to stand in the way of a cozy picnic on your autumn holiday, and you will be spoiled with homemade snacks in the adjoining restaurant. If you spend a cheap autumn holiday, then your travel budget is not strained and yet the recovery is not too short.

Experience the Thuringian Forest in your autumn holidaysImage result for thuringian forest

Even in the Thuringian Forest can spend a cheap autumn holiday. Autumn holidays for little money are in demand and all family members get their money’s worth. The holiday in the autumn holidays should not burden the travel fund and therefore the autumn holiday should be cheap. But how is an autumn holiday favorable? By choosing activities that cost little or no money. Hiking is always in demand and even a nice city trip does not always have to be associated with expenses. Your autumn holiday should be cheap and you still want to experience something? Then visit the beautiful town of Coburg on your autumn holiday and let yourself be enchanted by the charm of bygone days. This affordable autumn holiday inspires and the castle landscape of the city becomes an eye-catcher. Plan your holidays already in the autumn holidays. If you book early, then the fall holiday is also cheap. If your children are not yet in school, then you should travel outside the holidays to make autumn holidays possible for little money.

So you can afford a holiday in the fall

If you’re planning a low-cost fall holiday and still need a short-term online loan, then you should bet on Nora Helmer. With Nora Helmer the money is fast in your account and also the credit decision for the on-line credit falls after one minute. With Nora Helmer, applying for an online loan is a breeze, and your travel fund for the autumn vacation is filled up quickly. With the online loan, you can create a decent cushion for your autumn vacation. Treat yourself to this break and experience the special in autumn.