| In
life, it is a common feature among most people that they want
the best of everything.
This virtually
starts when we are very young, when we want all the toys that
our friends have, but ours have to be in a brighter colour
and be bigger and better
Once at
school, we want the same clothes, shoes, etc. as everyone
else, that is along the same lines as our friends, but they
must be more expensive and much better .
When we
see all the electrical gadgets that our friends have in their
bedroom, we must have the same, if not better than them, and
we make certain that our parents buy it for us, whether they
can afford it or not.
It does
not even cross our minds that our friends come from richer
families than our own.
Later
when we are at college we feel that we really must have a
car, and not the most basic little run around, but we want
a vehicle like our best friend whose family are better heeled
financially tnan our own family.
If we
go on a camping holiday with our beyter off friends, we demand
the same expensive tents, etc. as they have.
Even in
adult hood we are still the same, always wanting the best
of everything even if it is too expensive for us.
We are
constantly surrounded by glossy magazines showing the beautiful
people in their designer clothes sunning themselves in the
South of France and we want to dress like them and to visit
the glamorous locations that they do.
When you
buy your own home, you want to furnish it in
the best, including expensive Italian furniture by top designers
like Versace.
The flooring
is the best hardwood that money can buy, and you install among
other improvements, a top of the range kitchen with the most
expensive of ovens , fridge freezer etc.
Before
you realize it, the personal loan taken out to take your partner
on a luxury holiday for your fifth wedding anniversary, the
home improvement loan that paid for the new kitchen, the credit
cards used to buy the fancy Italian meals and designer clothes,
start to haunt you, and you begin to struggle with the monthly
repayments.
As a homeowner,
you are in the most fortunate of situations in that you can
reorganize your finances, in such a way, that will not only
save you money each month, but will make financial management
easier.
This is
by waving the magic wand called debt consolidation which,
as the name states, involves rolling all debt in credit cards,
personal loans, etc. into the one.
Debt consolidation
for homeowners is best arranged by remortgages or secured
loans which, with their low interest rates, will clear off
all the credit cards with their rates of up to 40%, the personal
loan at 16% and the home improvement loan at round about the
25% mark.
The weakness
in human nature can be rectified by debt consolidation.
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