Considering the state of the employment market in recent years, being in the position to pick from two jobs is what might be called a ‘nice problem.’ The choice to switch jobs or stay put is a bit of a problem as decisions like that have lasting career repercussions… or benefits.
Spring is here, and a man’s fancy turns to love and money. As the weather warms up and we all come out of hibernation, it’s also an excellent time to take stock of your finances and set some goals. Uh! Oh! The central heating just blew a valve.
We all make mistakes and involve in bad financial decisions sometimes. Financial pitfalls happen often enough, although some can be more serious than others. Don’t give up hope because you can fix the problem and rectify your financial situation with a few steps.
Many people get paralyzed when faced with financial choices. It’s fascinating to see how people make their decisions. Personal financial decision-making is influenced more by emotions than many individuals would like to admit. Let’s look at some ways of how most powerful human feelings affect decision-making.
Buying items on manageable monthly repayments is a whole lot easier than a one lump sum payment. You can justify a few extra bucks a month a lot easier than you can explain dropping a few hundred or even a few thousand on something before you even take it home with you.
Regardless of whether a debt is a good one or a bad one, it’s a fact that any liability can cause serious emotional effects. If you look at any study on this topic, they show us what we already know: financial constraints are about much more than money.
If you focus on money, lending, interest and how it works, then you will end up making smart decisions about money consistently. Individuals always make mistakes with money, borrowing, and their future. In fact, the percentage of people making these mistakes is around 95%!
Borrowing can solve your immediate financial problems, or help you buy something you need. But sometimes people get it completely wrong. Even the best financial initiatives can sometimes turn out to be stupid borrowing strategies if inappropriately planned and analyzed.
Many opportunities may come a person’s way, and some of them may lead to financial freedom. But missing opportunities, because one puts off until tomorrow what can be done today, usually results in the action being put off until the next day, the next day, and never.
By applying for and receiving a consumer loan, you then have the flexibility and the opportunity to use that money as you see fit. You are usually able to get these loans with a better or at least lower interest rate than you would be paying if you used your credit card.