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Monthly Archives: September 2018

Reaching Freedom From Debt

Don’t negotiate – The terms of the debt repayment are not thought by most of the people who have debt. If you have credit debt, your credit card company must be called up by you to ask for a lower interest rate. A lot of amount can be saved by doing this simple step. Forbearance can always be asked for by you on car loans, credit cards and student loans.

Don’t think “everyone is doing it” – Never assume the fact on your own that “everyone is doing it”. It is one of the ways by which you can get into trouble. It mainly comes by seeing your friends or family in debt or by seeing people buy costly electronic gadgets or clothes by using credit cards. So, don’t get yourself into it, if everyone is doing so because it will be frustrating later on to get out from it.

Thinking of paying a debt without a plan – Most of the people think that debt can be paid off without having any plan. But it is not possible to do so. Wealth can be built and debt can be paid off by making a personalized plan. Make sure to have a plan in order to pay your loans in an orderly manner.

Forget to change the attitude – This is one of the worst mistakes that a person can do in his lifetime. This is because change is not liked by most of the people. But you have to change your attitude for a better result. New financial plans should be incorporated to get good outcomes.

Juggle other priorities – Getting out of debt should be the first priority in your life. Buying the latest gadgets or taking a vacation will surely keep you in high debt. Believing on a budget is always a good idea to pay your debt. You should be empowered by your budget to spend just on important and essential things.

Corporate Credit Cards Work

Be aware of your company’s policies – Cardholders must familiarize themselves with the reporting and spending rules provided by their employers. Also, they must educate themselves about the policies specific to their position or department. They need to know the types and limits on making charges. It is highly recommended that cardholders must attend training sessions and be updated on the policies.

Learn how to avoid pitfalls – There are indeed a lot of pitfalls cardholders must avoid. These will include the unapproved charges that can end up hitting your wallet and combining personal expenses with business spending that may put you on a collision course with the management.

Use your common sense – The lack of simple common sense is indeed among the biggest dangers from having corporate credit cards. Prior to swiping it, ask yourself if such expense is directly related to your job.

Always secure your card – Be sure to keep your card in a safe place to avoid theft or loss. Immediately after noticing that you have lost it, report it to the authorities. This will help prevent fraudulent charges. Cardholders must be aware that when they have lost their card, they can be provided with a new card or new account number immediately during emergency cases.