TIPS AND FREE FOREX ANALYSIS

Debt seemed to an inevitable way of life these days with rising living costs. But it doesn’t have to be this way. Let us show you how to consolidate your debt. Your first step is to set a goal for yourself: to lower your overall commitments. To accomplish this mission, you’d need to set the following targets:
Reduce the total amount of interest that you are currently servicing on your outstanding debt or loan
Reduce total amount of cash forked out to pay monthly commitments
Draw up a strategy to combat your personal financial situation
A common mistake made by many is to take up multiple loans at one time without considering its toll in the long run. This can have a devastating effect on your overall financial well-being.
Here are some simple questions you can ask yourself when considering to take up a new loan:
At what age do you plan to be debt free?
Does the new loan offer any protection against fluctuation of interest rate? Will you end up paying more than you can afford?
Will you incur any penalty or extra charges should you decide to settle your loan early?If you are not sure how the calculations are done, enlist the professional help of our skilled financial advisors.



Here are some basic tips to help you stay on track:
Take advantage of credit card balance transfer programs
Take advantage of credit card balance transfer programsMost banks have this program to help credit card holders to settle their debts faster. Interest rate charged is normally lower for such programs. So you may want to take advantage of this to help you trim your debt. Find out from your bank what is your credit card limit and what is the interest rate offered if you transfer your balances from other banks’ credit card to theirs. Once you have consolidated your credit card debt, set a payment plan to help you riddle yourself out of debt within a targeted period of time. Most important of all, make sure you stick to your plan

Sign up for a personal loan
Sign up for a personal loanAnother option that you may consider is taking up a personal loan. Interest rate charged is usually lower than the ones charged by credit cards. Monthly repayments are often predictable, which can help you to plan better in achieving a debt free status within a targeted number of years. However, before jumping into one, find out in detail about the personal loan that you are interested in and compare it against other available options that you may have.

Refinance your home (if it can help you save)
Refinance your homeAnother way to save up on the total amount of interest paid is to source for alternative home loans that offer greater flexibility and lower interest rate. If you can refinance your home at a much lower interest rate, you can significantly reduce the amount payable on interest rate charged on your outstanding loan. Be absolutely certain that you understand the total cost of refinancing. If you managed to cut back on expenses in other areas, pump in more cash into your loan to reduce your outstanding amount so as to lower the total amount of interest payable.

EUR/USDIt is more likely to go down to around 1.41 or lower, and after that, it might have potentially to go up to around 1.4250.(Current Price: 1.4170)

GBP/USDIt is more likely to go down lower than 1.64 or even 1.6350, and after that, it might have potentially to go up to around 1.65.(Current Price: 1.6430)AUD/USDIt is more likely to go down to around 0.82, before it goes up to around 0.8350.(Current Price: 0.8265)

USD/JPYIt is more likely to go up to around 95, before it goes down to around 94.(Current Price: 94.45)

USD/CHFIt is more likely to go up to around 1.08, before it goes down to around 1.07.(Current Price: 1.0752)