Bills, Interest, Loans and Children

Bills, Interest, Loans and Children

Many people will probably look to take out loans or rely on their credit cards. But these could leave them in a tough financial position.

It’s that time of year again – stress is on the high and enormous £££ signs are on the cards. In addition, roads are also unpredictable at this time of year, leading to increased accidents and longer journeys. It’s not something everyone likes to deal with at any time of the year, let alone the holiday season.

There is debate whether it would be less time consuming to order items online or to brace the hassle of shops. Either way everyone is looking at this from the same angle – how much things will cost. With the cost of living increasing, people are battling to survive with day to day costs. Let alone added pressure of commerciality, ranging from online bingo to children’s toys.

I know a lot of people are trying to deliver the best gifts to their children. They want to ensure they put a smile on their children’s faces. In a lot of schools, kids publicize how many gifts they received. Around 9 times out of 10, this includes new and up to date technology. With the average wage remaining at the same level, parents find themselves in a tough predicament of how to achieve the best for their children.

Recently on radio and TV, there has been much advertising relating to payday loans. Along with, how easy it can be to arrange instant cash. I know the majority of these come with a hefty price tag – the interest they charge on these loans. I recently found myself pondering, wouldn’t it be nice to really treat my family. But after due consideration, I decided against this and stuck to my budget.

The question is, “is it really worth it”? Many people will probably look to take out loans or rely on their credit cards and these could leave them in a tough financial position. Facing 2014 with credit card debts and loans you cannot cover is stressful and can lead to illness and relationship problems.

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