Here is a list of all the questions that we are often asked. If your question is not here, please do contact us instead and we’ll be pleased to answer your query about any of our services.
Is a certain amount of debt OK?
Whenever you can, avoid debt. This will result in healthy personal finances. Granted, there are certain debts that are necessary. However, there is rarely suitable justification for using a credit card to make daily purchases. The less loan debt you have, the lower the percentage of your income that you will have to spend on servicing debt.
What should I do with my stocks and shares?
If you do not feel comfortable selling, hold off. If you own stocks that are earning fair sums of money, leave them be. If certain stocks are doing poorly, decide if you want to sell them.
How can I improve my credit score?
Make sure that you are using between two and four credit cards to bring up your credit score. It can take quite some time to establish a satisfactory credit score if you only utilize one credit card, but if you use more than four, you are unable to handle your finances in an efficient manner. Stick with two to three cards, and be mindful of how you use them in order to build a solid credit history.
Should I max out any of my credit cards?
Rather than using a credit card that is close to being maxed out, use two or more credit cards. Multiple card interest should be lower than paying back the maxed out one. This also won’t harm your credit score much, and it could help you improve it if those cards are used wisely.
How can I decrease the interest rate on my mortgage?
Houses and cars are usually the most expensive purchases you will make. The interest rates for both of these are large. You can reduce the amount of interest you pay by increasing your monthly payment.
What is the most important insurance policy to have?
Include quality health insurance in your personal financial plan. Everyone is bound to get sick at one point or another. That is the reason it is important that you have good health insurance. Before you know it, a stay in the hospital, as well as doctor’s bills, can reach tens of thousands of dollars. Without insurance, this can be quite a burden.
