Warren Buffett On Personal Finance-Yahoo
For anyone looking to get started with investing they need to consider whether they will be investing a lump sum or regular monthly payments. With monthly savings they could consider looking at mutual funds as these will allow them to get a taste for the stock market while sharing the risks and rewards with others.
If you had blindly followed them because you didn't know what you were doing but thought it was safe to do so because others were following them you could have finished up bankrupt. A second important point to keep in mind is to match the risk to the reward regardless of the type of investment. If you are considering a high risk bond for example you need to ensure that the rewards you are being offered are equally high.
Before you do anything else at all, contact the companies you owe the money too. Explain the situation you've found yourself in and ask what they can do to help. Some, not all, but some companies will freeze the interest, especially if you've always had a triple A credit rating in the past. Let take a worst case scenario here and assume your creditors aren't helpful.
Debt consolidation loan is just another way of saying refinancing of course. And the reality of that is the bank will take the money you already owe them and spread the payments over a longer period. Now what happens is that because the money they are lending you is outstanding for a longer amount of time they can charge you more interest.
The Good Side of the Online Savings Accounts The best thing is the convenience that you get. You do not have to stand in serpentine queues anymore to find out what s going on with your account. You are also saved from the travel that you need to make up to your bank, which closes at a particular hour to add to the miseries.
You'll be surprised just how much things can change with a little bit of competition. Of course if you've got poor credit things might not be quite so simple. And if that is the case maybe the best thing would be you for you to talk to a licensed debt counsellor or visit a bill consolidation service to get some idea of how you can reduce your monthly commitments.