For those hoping to improve their personal finance, there are many resources available and when used appropriately can really help improve your finances in all manner of ways.
Everyone’s situation will be markedly different so certain resources may be more appropriate than others but taking advantage of these financial resources provides plenty of positives.
Knowledge is power. To become more confident and in charge of your finances, reading and learning from some of the best finance books around is a good idea. Many of these may not be cheap to buy, so register with your local library and you’ll be able to borrow them for free. Make a request if they’re not in stock or search online for used versions. Helping improve your financial situation doesn’t have to rely on spending more money.
If you are using credit cards and store cards yet continue to save each month, it may be worth considering using your savings to pay the cards off. Chances are the interest on your credit and store cards are much higher than the interest being earnt on your savings so it’s a worthwhile investment to pay off your credit this way.
Second charge mortgage
There are many other options available other than a second charge mortgage, but if you choose this option then using a company like Nemo Personal Finance could reduce your monthly outgoings into one affordable repayment plus your mortgage repayments making it easier to control your finances. A Nemo loan is secured on your home so you must ensure you can afford the repayments or your home may be repossessed. The APR on your second charge mortgage for consolidation may be higher than the APR on the credit you are settling and may cost more over the course of the loan.
What resource will you use to improve your finances?