Are you out of your debt comfort zone? Does it seem as though you’re paying too much to bill collectors and not enough for savings and the things you enjoy in life? If so, it’s a good idea to figure out just how much debt you have and compare that to how much you earn. This will give you clear understanding of your financial health.
Debt load is a term that is used to describe a consumer’s amount of debt. It is often used to understand if you are carrying a “safe” amount of debt. Creditors look at a debt/income ratio, comparing your income with your debts to analyze whether you have an appropriate amount of debt. The debt/income ratio is figured monthly and reveals either how good — or bad — your financial situation is. Read more
We need to learn how to simplify our lives and ask for help
It’s not uncommon to feel completely overwhelmed by things, and to wish that life were simpler and less stressful. Do you feel like you never get around to all the things you’d like to do?
Dealing with life’s countless demands is a constant challenge for many people who can’t ﬁnd the time or the means to balance their work obligations with their family and social activities. A lot of the time, it’s certain beliefs that prevent them from ﬁnding the desired balance. The most common belief is that the situation is only temporary, and that “as soon as this project is ﬁnished, I’ll have more time for my family and friends.” This belief may be sincere, but most of the time, it’s not realistic. Read more