Strategy

You’ve probably heard, a million times, why it’s good to have a ‘budget’.  We want to give it a softer, less boring, tone.  One that says, “I’m in control and don’t want anyone else telling me what I can and can’t do, when it comes to my hard earned money and how I spend it!”

Your credit score is a measure of how much risk a potential borrower represents.  The lower the credit score the higher the risk to a lender.  The higher the risk, the higher the interest rate.  The higher the interest rate, the more your money goes to the lender and the less it stays in your control for you to use within your monthly spending plan including saving it for the future.

So many people are swimming in debt and aren’t even sure how they got there.  High interest rates are suffocating many people and the word “hopeless” is something we hear a lot.  It usually doesn’t have to be that way.  With some understanding on how creditors and debt work, you may find that sleeping better at night could be in your future.