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A A AMillions of people all over the world understand the burden of overwhelming debt.
From having trouble paying off credit card debt or take out personal loans to help with everyday finances such as something as simple as paying rent, everyone has felt the effects of a global financial crisis and slow economic recovery.
As a renter you want to be able to keep a good relationship with your landlord and a part of that is making sure that you are able to pay your rent in a timely manner. However, if you are facing a financial pinch you want to be sure that you can put your home as a priority expense and talk to your landlord about your situation to maintain that relationship with them even in difficult times.
There are some small changes you can make everyday to help your financial situation such as using online budgeting tools or making sure you pay off bills before buying personal expenses.
Getting back to a financially stable position is not impossible if you take the right steps and seek help. This infographic by Consolidated Credit (below) can help you figure out ways to tackle debt and live stress free from financial hiccups.
http://www.landlord-referencin.....gue-IG.jpg
A big thank you to Maxine Wells for providing this Guest Blog.
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Should you save or repay your debt?
Any fool can manage their money.
It is just that some refuse to do so and live beyond their means.
They do so because they refuse to accept that they can only afford a certain 'lifestyle' and therefore live beyond their means via credit.
Effectively credit has been used as a wage increase.
Living standards; which everybody is complaining about need to return to the late 70's as credit caused the increase in living standards up till the CC.
Credit has to be removed from the personal balance sheet and then we will have a realistic and very poor economy.
No politician wants to see people massively deleveraging; it would cause a depression!!!
Until people live to what their wages provide and SAVE there will be NO possibility of people addressing their debt burden.
The govt NEEDS people to be indebted as the economy will NOT grow based just on wages; which are too low.
Credit is therefore needed to ensure govt looks like it is doing well.
Mortgage debt is the ONLY responsible and good debt that should be used.
Always remember just as the CC hit speaking to a Mercedes dealer who stated sales were great; but I suggested that this must be because Mercedes were lending the money to enable cars to be bought.
He confirmed this as banks refused to lend.
NO Mercedes loans; NO Mercedes sales!!
The economy is built on DEBT.
For LL somehow we have to get our hands on rent money before anyone else.
This is really mostly impossible.
So for me RGI is the only way to guarantee getting my rent.
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