We hear so often of people who get into trouble because
they cannot pay their debt to shops that have granted
them credit and banks that have lent them money.
What is often forgotten is that many people borrow
money and do not get into any financial difficulties!
The main reason for this is that they only borrow what
they can afford to pay back. In other words, they
manage their credit well.
Some of the reasons for many of us getting into financial
difficulty include:
- buying on the spur of the moment
- buying things to impress others
- not setting some money aside for emergencies
- lack of planning and budgeting
Let us have a look at some of these reasons:
Click here to continue reading ‘Managing Your Credit’
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