Credit Score 0 Comments

What are the credit score and credit history?

A credit score is a numerical estimate based on your credit history. It estimates the current state of credit history and reflects the possibility of obtaining new credit in the future.

Credit history is a borrower’s dossier containing information on best short term loans taken by him and the timeliness of their repayment. It helps a bank decide whether to issue another loan to a client or not. Credit stories are maintained by special organizations, credit bureaus. (more…)

Family Budget 0 Comments

No doubt that the topic of financial difficulties is quite relevant for everyone, especially in the light of the recent crisis. According to OneWord, for young families the topic of finance is vitally important since families with experience already have some recipes of going through lack of money, have an algorithm of actions, and have financial wisdom, finally. And what should young families do when financial difficulties arise when simply lack of money happens.

Financial difficulties in various families  

Psychologists say that the desires of people of different ages differ. Probably by force. A small child wants something much stronger than a 25-year-old, who, in turn, is wants something stronger than a 45-year-old person. And this “I want it!” is the cornerstone of the main problem.

Young people are not inclined to save on their desires and often misallocate the family budget. Many conflicts “grow” from this, and if there is also a crisis, job loss, loans! That’s not far from a divorce, because it is not in vain, according to statistics, in times of crisis, the number of divorces increases.

I see the solution to the problem in such a psychological technique as “narrowing the perception area.” Its essence is to perceive the situation on the basis of this moment, and this means: (more…)