Sentences with phrase «debt he accumulates because»

The longer he waits, the more debt he accumulates because his interest costs are already more than the amount he has available at the end of the month to put against his debts.

Not exact matches

This is because the province has accumulated a large public debt that given the prospects for an economic slowdown and / or rising interest rates will potentially increase fiscal pressure via debt service costs which in 2016 - 17 totaled $ 11.7 billion or just over 8 percent of total government spending.

This may seem counterintuitive because the math would seem to tell you to pay off the highest interest debt first, but accumulating debt is as much a behavioral problem as a math problem, so get some easy wins under your belt by purging some easy debts first.

We, on the other hand, view it with hope: because more than anything, the events of the past few days show that the truth is getting out — the truth that capital markets simply can not exist under the authoritarian rule of central planners, the truth that the stock market is a casino in which the best one can hope for a quick flip, and finally the truth that our entire socio - economic regime, whose existence has been predicated by borrowing from the uncreated wealth of the future, and where accumulated debt could be wiped out at the flip of a switch if things go wrong in the process obliterating the welfare of billions (of less than 1 % ers), is one big lie.

Transferring a balance will help you pay off your outstanding credit card debt faster, because you'll have a longer grace period where the amount isn't accumulating or compounding interest.

-LSB-...] Nothing can be achieved by isolated strikes, the parliamentary struggle, or the vote, because «private property is sacred», and the capitalists have accumulated such debts that the whole world is in bondage to a handful of men.»

Because kids can't feed and protect themselves, they accumulate a moral debt to their elders that takes years of hard work to repay.

Carrying an unfunded liability, or pension debt, of any size increases the cost of retirement benefits, because in addition to paying for the benefits teachers earn each year, employers are charged a premium on each employee to help pay off the accumulated pension debt, Mr. McGee said.

In addition, because none of these alternatives would accumulate further debts, all teachers would see higher take - home pay.

Because credit card debts are less set in stone than installment loan debt payments, your credit score can be more impacted by accumulating revolving credit debt.

«Because I'm 12 years older I've accumulated substantial assets, while Randy has focused on building his musical career — requiring him to take on some debt,» says Gabriel.

It is always good to pay down debt because it's never a good thing to accumulate debt.

This does two things: You start earning a better credit score, because you're paying your debt off in regular instalments, plus it stops adding to your debt load by preventing more interest from accumulating.

I have bought a house with a 35 year mortgage and I am not paying extra on it because I have further debts accumulated from the purchase.

Transferring a balance will help you pay off your outstanding credit card debt faster, because you'll have a longer grace period where the amount isn't accumulating or compounding interest.

These cash advance loans however, can't be used as a regular source of financing because the interests or fees accumulate easily creating and building up debt uncontrollably.

Thus, you should avoid using payday loans as a common source of financing because that is the main reason why debt accumulates: people fail to raise the money to repay a loan and so, they take another loan to repay the previous one.

Debt is never worth acquiring, and while we made purchases that were wanted, we also found they weren't worth the debt they accumulated, because we found we were wasting money in the form of interest pDebt is never worth acquiring, and while we made purchases that were wanted, we also found they weren't worth the debt they accumulated, because we found we were wasting money in the form of interest pdebt they accumulated, because we found we were wasting money in the form of interest paid.

This really is not a good plan either I guess because all this time I am making minimal payments that are not even putting a dent in my debt and although I will soon be relieved of the dischargeable credit card debt, the interest on my loans has just been accumulating and I am sure I will not be able to afford the incredibly high payments once they stay has ended.

Carrying a credit card balance isn't something that I will recommend because you will keep accumulating more debt if you only pay the minimum, but it's at least good to know that the rate will be lowered.

Those who drop out still have a debt to pay, only it's bigger because of the accumulated interest and fees.

The risk for accumulating debt at an alarming rate is especially high for those who do not complete college because traditional jobs in the higher pay range generally require some college education.

Business debt accumulates just like personal debt and if your business doesn't produce as much income as needed to meet your monthly payments, then you may incur in personal debt too either because you are a guarantor of the company's debt or because you take a loan yourself to fund your business.

You should be concerned, because your credit rating is probably suffering because of the debt that you have accumulated.

Because rather than accumulate the money to be used for a settlement of debt as intended, they themselves will use the funds for other purposes.

They helped me a great deal because I accumulated that debt due to a divorce.

The danger of solely focusing on debt repayment over an extended period is that it «may start that slippery slope of accumulating debt again,» because you haven't achieved the right spending balance.

The problem lies in accumulating too much debt because once it's out of control, it'll become harder and harder for you to get out of it.

If you don't have an overall game - plan to get out of student loan debt and reduce your overall balances, don't do forbearance because YES INTEREST DOES STILL ACCUMULATE and your balances will grow increasing your overall debt and making it harder to obtain student loan debt relief.

So, if it costs them more to live than they've got coming in and they're accumulating more debt and whatever solution I come up with to deal with the debt isn't going to work because the debt's just getting bigger every month.

Veterinarians accumulate more debt because of the extensive schooling that is required, although it opens the door for a high level of earning potential.

The conversion privilege plays an important part of financially securing you surviving loved ones because you can purchase all the term coverage you need to cover the debt that has accumulated, and then convert your policy to permanent insurance when your debt has been reduced, and a lower death benefit makes more sense.

However, much can also go wrong that, without proper insurance protection can lead to high expenses and that can also prevent you from affording another location in this WA region to live because of the debt that was accumulated in trying to replace your belongings.