Talking about debts, I believe more people are getting into debt at a younger age. People have blamed the evils of credit cards but there are many other reasons why some people get into debt, like taking out secured loans or unsecured loans.

Whatever it is, if one is in debt, he should take control of his finances and start doing something to right the situation. I read the article Debt consolidation ‘an option for those with money problems’ on the website of Magic Loans and I have to agree with the writer.

I have seen many people who are in debt and they think it is only a small issue. They take out a loan elsewhere to cover their existing loans. Sometimes even taking a loan against their credit card or taking out a payday loan with high interest rate.

If a person in debt is aware of his financial problems, he should calculate his options and one of the viable options is debt consolidation. How long can a person juggle his borrowings and prevent interest incurred from snowballing? Sooner or later the debt will get too huge to handle.

It is not wrong to be in debt but it is if we are not proactive about it and end up not doing anything positive to reverse the situation.

A few posts back, I wrote about the financial hardship of my family. The lucky thing was that no matter how deeply we were in debt, my parents managed to avoid bankruptcy. I do have a couple of distant relatives who were declared bankrupt and it is quite a hassle for them after that because they were not supposed to travel, own properties and they had their passport revoked.

A friend of mine was a bankrupt too but his wife is a smart lady. Although they did not have the help of professional debt solutions, his wife set up a hair salon at home and luckily for them, business was brisk that she managed to use her profit to bail out her husband from bankruptcy, over the years.

Once the husband was a free man, financially, he managed to secure a good job and has been working ever since. When one is a bankrupt, nobody will employ him. Even a former bankrupt will have problem looking for a job. Meanwhile, the wife expanded her hair salon business and now, owns a salon in a posh area in the city.

Although it may seem like the end of the road when we are so bogged down with debts, there are solutions. It is just that sometimes we are so obsessed with the figure amount that we do not see the solutions even if they are right smacked in front of our eyes.

But one thing is clear. To get rid of debts, we just have to earn and earn.

People who know me personally know that my family was in a huge financial dump about ten years ago. In act, the debt incurred was so huge, we are still paying it off little by little.

Some people think that going into business is all great but they never mention that one wrong move could cost you your home and family. Well, almost in my parents’ case.

What we did was to get to work. All of us. For myself, I compromised my college education. Till now, no one believes that I did not attend college like everyone else my age. Well, they do not have a huge debt to settle. I Did, I still do.

We handed the money we earned to our mother, who despite not knowing much about proper Debt Management, I have to say that she managed the debts pretty well, keeping tabs on whom to pay off first, whom to negotiate a lower interest rate or ask for a halt in interest charges so that we could just offset the principal only.

Life has not been easy riddle with so many debts but we have been managing fine by the grace of God and as long as we keep earning, we can manage to settle the monthly installments that my mother came into agreement with the creditors.

My friend told me that even if I may have family debs to shoulder, I should not forget to live. Well, it’s hard because at the back of my mind, I only have one thing: to rid the debts so that I could start saving for the future. My future.

A friend wanted to know how many free Balance Transfer Cards there are. Hmmm this is a tough question as there are so many different cards flooding the market by different financial institutions. While some people claim that credit cards are evil and tempt us to spend more than necessary, it is all up to us how we control the use of credit cards.

So I told my friend that he should do a little comparison research on credit cards with Credit Card Search Engine where he would be able to check out the pros and cons of each card. But first of all, he has to decide why he wants the credit card for and shop according to his usage to enable him to get maximum benefits.

Also, by using Credit Card Search Engine, he would only have to compare credit cards from leading financial institutions and credit card issuers.

If you are in business, I am sure you will know that there are times where you require slightly more capital to maneuver. Sometimes, cash flow problems prevent us from seeing through our business plan. If your business is at this juncture, perhaps it is time to get a business loan.

Of course, if you are serious in getting a loan, it is better to go through a professional company that would be able to match you will the right lender. Your expertise is in business and should not be distracted by financing problems.

EZUnsecured.com, meanwhile, has the experience in helping companies bridge the financial gap with the correct lender. Going through EZUnsecured is a fast and simple process because of their expertise. If an application is made correctly, funding will be released really quickly.

I am sure, if you are in need of funding, you would not want any delays, right?

If you are player in the currency market, I am sure you are aware that the USD has been falling. This does not mean that people ARE definitely losing money but in such circumstances, all the more we should read up on currency trends and predictions for the coming year.

I may not be a currency investor but I am paid in foreign currency and knowing how the Dollar is trending for the week helps me decide better when I should cash out my pay check to get the most benefit in the currency exchange.

This afternoon, I was just looking at a website called CurrencyConverter.co.uk, a website on Currency / Forex / Financial Predictions which I found informative and urge everyone who has investments in currencies to read up on.

The reason I checked the site is because I have been thinking of locking a sum of money in foreign currency fixed deposit which yields a higher interest rate than a local fixed deposit account, so I am trying to look for a more stable foreign currency.

CurrencyConverter.co.uk has an article on Forex predictions for 2008 and if you are planning to invest in Forex or expand your portfolio, check out the predictions. Knowledge in what may happen will help you to make a profit or cut your loss. Empower yourself with this knowledge before it happens and make your decisions based on this knowledge.

It’s one month into the year already but the Chinese will only be celebrating their New Year come 7th February, 2008 and we will all be a year older! Yes, isn’t it scary that we have to add two years to our age each year? A year in the Chinese New Year and another on our birthday.

As I grow older, I am quite scared because my parents would also be older! My parents may have personal pensions but with the rising living and medical costs, we have to be very careful with expenses.

Well, things would be a lot more different if they had insurance or annuities but they don’t and apparently, they are under the high risk group of people now due to their age and do not qualify for insurance.

But as they say, children ARE insurance. That’s why I am working so hard now.