How to Avoid Taking Too Much Debt?

Debt is not evil. In fact, if used responsibly, debt can be extremely useful. Yes, taking on debt involves additional cost in the form of interest. Clearly not desirable but that’s just the cost of capital. If you are using your own funds for purchase, consider the possibility that those funds could have been invested… Continue Reading

Are You Still Revolving Your Credit Card Debt?

Credit card debt is the most expensive debt in the formal finance sector, with the annual interest rates ranging from 30% to 45% p.a. Hence, you should try to avoid revolving your credit card debt. “Revolving” means not paying your credit card debt in full and carrying forward unpaid amounts to the next cycle. The… Continue Reading