Archive for the 'debt' Tag
The Motely Fool have 8 good tips on dealing with debt. There's nothing amazing about the list, but it does give good, solid and practical advice.
The "credit crunch" has officially hit and the UK is in a recession. Times are going to get a lot harder, though I hope some of the tips on FrugalFergal.co.uk will help lessen the impact, and people are going have to reign in their spending and put their finances in order.
One of the first things to do during a recession is get rid of as much debt as possible. This post assumes you've already done that and the only debt you have left is your Nationwide tracker mortgage. I say Nationwide tracker mortgage as this is all I have experience with, but you may find your lender offers a similar service.
Here's a great video which will help put some of the causes of the current financial market into perspective. It explains how bankers/fund managers take a chunk of debt from one company and turn it into an investment.Continue Reading »
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