Borrowing to Invest
Borrowing to invest is also known as 'gearing' and can be risky. Gearing can increase your returns when markets rise, but losses can be devastating when markets fall. Let’s understand the pros and cons of...
Read moreBorrowing to invest is also known as 'gearing' and can be risky. Gearing can increase your returns when markets rise, but losses can be devastating when markets fall. Let’s understand the pros and cons of...
Read moreIf you struggle to manage your debts, paying someone to roll them all into one consolidated loan may sound like a good idea. Here are the things to check before consolidating or refinancing your debts...
Read moreSwitching a home loan could potentially save you a significant amount of money in interest or let you take advantage of features offered by another loan provider. So do your maths and determine if switching...
Read moreMany stores offer interest-free deals that let you take goods home before you pay for them. But interest-free doesn't mean cost-free - there are charges you should know about. How do interest-free deals work? There...
Read moreTo become wealthy in your lifetime, you need to have a plan. This plan needs to be realistic and achievable. It needs to be something that you can do daily. The first thing that you...
Read moreA credit card is a convenient and innovative way of paying for things with borrowed money. The most common uses of a credit card would involve using it at a petrol pump or a shopping...
Read moreA home equity loan is a type of loan in which the borrower uses the value of their home as collateral. If the borrower defaults on the loan, the lender can foreclose on their home....
Read moreA reverse mortgage is a loan against the home, which is not required to be paid back as long as the person lives there. With a reverse mortgage, a person can turn the value of...
Read moreA line of credit is a type of loan which provides the business or an individual with a set amount of money for a specific period. It offers more flexibility than a traditional loan. The...
Read moreBuy now, pay later (BNPL) services allow customers to purchase in installments, sometimes without paying anything upfront. BNPL options are called "instant financing" or "interest-free installments." Like any form of credit, BNPL could be a...
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© 2022 Skills.Money A Financial Literacy Initiative.
© 2022 Skills.Money A Financial Literacy Initiative.