GPWG Economics

Personal consolidation loan !

Those looking at their budgets need to eliminate waste which in the case of credit card debt can be done with a personal consolidation loan which is far cheaper and can get rid of a credit card balance once and for all.

Be Wise about Economics

Many people think that economizing automatically means sacrifice. That is not the case. It may involve following different habits but if the reason for reducing spending is to create a better life in the future it makes absolute sense. Often people have to introduce economies because they are actually spending more than they earn and have neither an emergency fund nor any significant retirement provision. The older they are the more urgent it is to take action and start to create a surplus each month that can be put aside towards something in the future.

More spending generally means less saving which is a matter of concern given the poor figures on those with significant retirement provision. Spending does boost the economy but at what cost? If it is on credit cards and the balance is not paid off in full at the end of the month then it incurs a high level of interest. Credit card interest amounts to wasting money. Some times to pay off debt you need to consider -without credit check lenders those will be able to provide you money for all your urgent needs .

The recession is now a memory and unemployment is below 5% when at the height of the recession it was in double figures. A recent poll suggests almost half of Americans are spending more than they did a year ago and only a fifth say they are spending less. When the figures are broken down into age groups it seems the young have increased spending on leisure and fashion while older people claim the increase is on necessities. The question is whether they are actual necessities or just things that they have a habit of buying.

However it is also important to look at spending habits in general, especially if you seem to be living from pay check to pay check. Impulse buying can be a factor in overspending; it is something that marketing experts encourage by positioning of promotional products in strategic places in a store. Every little purchase adds up over a month and many budgets fail because of the omission of such items. Some involve spending too much unnecessarily as well.

Possible Savings on Regular Spending?

Snacks and drinks

Most people could make significant monthly savings by bringing a sandwich and drink from home for lunchtime.

Beauty products

Branding often results in people paying more for the self-same product because of a recognizable name.

Your Wardrobe

A similar things applies; a fashion brand does not guarantee extra quality.


There is plenty of online advice about accommodation. If you need a clean and comfortable room for the night how much do you have to pay?


You don't need to own a movie or music. There are libraries where much is free and websites offering your favorite music every time you want to hear it.


Do you really need them or life would be impossible? Clearly not!


Must you always have the latest gadget? Clearly not; it is an ego thing but what good is ego if you are short of money, now and in the future?

Cable TV and landline telephone

Are they essential?

Gym memberships

There are ways to keep fit that cost nothing. There are plenty of parks in which to jog, and a brisk walk a couple of times a week costs nothing.

Car loans

You should just go for reliability in a car and not have to change so regularly paying for the privilege of doing so. If you are fairly handy with your hands you may even be able to do fairly basic servicing yourself.

Value for Money?


There are comparatives websites that provide plenty of information on the market place. Utilities are a case in point. There is a fair amount of competition in this sector and there is a tendency to get a supplier and stick with that provider. That is not always the best thing to do because few companies volunteer savings while perhaps offering better deals to attract new business. It is always important to read the small print and compare like with like. You may be able to make significant savings by looking around.


There may be significant differences in insurance details. What you need to decide is exactly what you want and not to take things that are of no value to you. Once you have the cover you require you want to get the best premium available. The exercise of doing that may also produce savings for you month after month.

Telephone Network

A third 'contract' area worth investigation is on your smart phone. It is a similar exercise as in the other two above.

As you can see there is enormous scope for saving money and do they really mean that you are having to make sacrifices? The benefits of saving on all aspects of your spending. The money will be in your pocket, not someone else's. That money can be put to significant use towards your future, building up your assets for an emergency fund or towards retirement later in life. You need to look at what you have currently and think about how much you are likely to need. That alone should spur you into action and it will not significantly change your lifestyle.

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