Today, you can hear about bankruptcy at every corner. Businesspeople are talking about it, ordinary men are talking about and it is constantly on the news. Countries are even going bankrupt these days. This is all the consequence of the Great Economic Crisis, since it has brought a lot of problems with credits and […]
Handling credit card debts
The worst form of a debt that could afflict an individual and through him/her the entire near and dear ones is a Credit Card Debt. The statistics provided by Wikipedia is distressing. For instance, as on July 2008, it is estimated that U.S.A. is burdened with 962 Billion Dollars and while in rest […]
IMF: INCREASING SDR CAN BENEFIT AFRICA
Economic perspective and analysis by Emeka Chiakwelu International Monetary Fund (IMF) will substantially increase its Special Drawing Rights (SDRs) from its lower original reserve to 204 billion which is proportionate to $324 billion. In the last G-20 summit held in America, the members of this important group of the largest economies gave the IMF the […]
Starting a Business? Here’s What to Do With Your Personal Finances
Starting a business is a whirlwind not just emotionally but also financially. There’s a lot to do and a lot to learn. As you take on the challenge, you can’t let your personal finances slip. Many business lenders require a personal guarantee. Even if yours doesn’t, you don’t need the additional stress. Building a business […]
Why You Need an Emergency Fund
Bad things happen. What’s more, bad things tend to happen at the most inopportune times. Which, of course raises the question, when is an opportune time for something unfortunate to occur? After all, the only thing worse than having a mishap is having one and being unable to afford to deal with the consequences of […]
7 Personal Finance Stats to Scare You Straight
We’ve all heard stories about how poor financial planning can lead to a whole lot of headaches. Most people have experienced this in some form throughout their lives—be it from overspending, or just feeling the effects of the Great Recession. Unfortunately, there are still a lot of people in bad financial situations in the United […]
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