How to Spot a Debt Trap

How to Spot a Debt Trap

Guide to Detecting a Debt Trap in Your Financial LifeDebt is a trap that feeds on itself. The cycle of debt traps people and they can't get out of it. The term debt trap is used for a couple of different financial concepts: 1) A person's inability to repay their debts...

The Paycheck and Debt Cycle – How to Break it

Saving for a rainy day

Saving money is hard enough when you're living paycheck to paycheck.When you're also responsible for rent, utilities, groceries, and student loans, it can be damn near impossible. There are several things you can do to make your money go further. The first is to cut...

How to Easily Budget Your Money

How to Easily Budget Your Money

Financial budget can help you plan for the future, stay on top of your spending, and save money.3 Reasons Why You Need a Budget Template Right Now People often think of a budget as being restrictive, but it doesn't have to be! With a budget template, you can set...

Buy Now, Pay Later

Buy Now, Pay Later

You can end up spending more with “Buy now, pay later” options "The ‘buy now, pay later’ trend could be the next hidden source of consumer debt. Analysts warn that this growing industry can lead to excessive personal debts without warning and with little recourse for...

APR: What It Is and How It Affects Your Credit Score

Credit card crisis during the pandemic

It is slowing down but still far from over.WalletHub statistics show that in the first quarter of 2021, Americans paid off a whopping $56.5 billion in credit card debt.   Personal finance website found that the U.S. credit card debt delinquency rate was 1.22%, and...

Joola is a new way to save and earn rewards

Joola is a new way to save and earn rewards

A quick introduction to JoolaJoola is a savings and rewards app that helps people build access to capital, regardless of socioeconomic status. We offer an alternate pathway for friends and family to save money using the rotational savings method. What is the...