Money Management To Avoid Finance Disaster

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Using a bank card is fine if it is completed in a controlled manner. But it is too an easy task to overspend and so many people find themselves caught up in debt that they cannot handle. Credit card interest is quite high and thus unless you can pay back greater than the minimum - that is only interest - you will never lessen your debt. So every time you come up with a payment, make more than the minimum so that your principal is gradually reduced. And at the same time, stop while using the card for purchases. If you don't have the money, then don't purchase it.



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A lot of investment advice is predicated on which may be called a life-cycle theory of investing. This is an concept that people go through predictable stages with their financial lives, accumulating more assets than savings in the early years, saving more within the high-earning many years of middle age, after which little or no, if any, saving throughout retirement.




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