Hello and welcome to the first edition of Money Stories, where people share their personal experience/stories dealing with finance. I want to thank all the contributors for this weeks successful carnival, we have a total of 38 submissions. I also want to take this opportunity to let everyone know that I am looking for people to host the upcoming editions of Money Stories so please send me an email if you are interested. Without further...

The old saying goes like this, “Lend money to a friend and you might lose both” Most of us know or have known couple of deadbeat friends or famliy members who has borrowed money and never paid it back. Truth is, friendships and families often break up when a borrower fails to pay back a personal loan. This is why it is very important to make sure there are no misunderstandings when letting your pal borrow money. There are...

Okay, lets face it, we all know that we should invest but here’s the problem; investing is hard to do! We all love to spend our hard earned money but can’t bare to save any of it, why? Well let me tell you why, it’s because we can’t get enough of it. There are people who make 60k+ a year and still have more debt than those who make 30k. How is this possible? Problem: No matter what salary bracket you’re in, you...

Problem:How to get out of debt The problem here is not how to get you out of debt, but rather recognizing what made you get in debt in the first place.To get out of debt, you can’t just simply start off by trying to pay off everything that you’re in for, instead you need to start at the root. Find the cause. First you need to ask your self how you got in debt to begin with. When you find this source, that’s when you can...

Having a good credit history is very important in maintaining a healthy and happy life. What most people don’t realize is that most employers, landlords and even insurance companies check credit scores to make that final decision in whether or not they should give you that job or contract. Credit report and their scores helps companies determine whether you pay your payments on time or even if you have been sued or filed for...