You might wonder why the word “bad” is prefixed to the words “debt loans”–as if there were any other! Yet that is exactly the case. There are good debt loans and bad debt loans, and the wiliest consumer knows exactly what the difference is.

Firstly, let’s define what we consider good and what is considered bad about debt. Is there any debt which meets the former criteria? If it’s not obvious, take a moment to think about it. (more…)

I would like to talk to you about getting started on a budget. Especially in these hard times with the economy not looking great and people losing their hours of work and losing jobs altogether. Now is a good time to sit down and work out your own finances.

Start by writing down all your debt amounts, loans, mortgages, rent and put the amount as you pay them, (more…)