[{"data":1,"prerenderedAt":386},["ShallowReactive",2],{"/en/avoid-these-mistakes-when-using-your-credit-cards-in-sri-lanka/":3,"posts":44},[4],{"path":5,"content":6,"feedback_comment_total":43},"/en/avoid-these-mistakes-when-using-your-credit-cards-in-sri-lanka/",{"img":7,"imgMobile":8,"imgTitle":9,"imgAlt":9,"imgHide":10,"title":9,"text":11,"content":12,"date":26,"update":27,"like":28,"views":29,"meta":30,"header":32,"readingTime":34,"tags":35,"author":36,"editor":38,"id":39,"rating":40},"/data/img/lk-10-d.webp","","Avoid These Mistakes When Using Your Credit Cards in Sri Lanka",true,"Now more than ever, credit cards have already become an important part of the lives of Sri Lankan thanks to the convenience they offer….",[13,16,18,20,22,24],{"type":14,"content":15},"text","\u003Cp>You can use your credit cards for almost anything and everything right now. To make things even better, your credit cards can even help you save money and earn exciting rewards as long as you use them responsibly.\u003C/p>\u003Cp>Credit cards, however, can also become heavy financial burdens if you don’t handle them well. So, before you swipe that plastic, make sure you avoid these top five mistakes.\u003C/p>",{"type":14,"content":17},"\u003Ch2>1. Making Late Payments\u003C/h2>\u003Cp>Paying your bills late or not making any payments at all is a problem and the number one mistake you can make that can cause you the most harm. Late payments can affect your credit score and the interest and late fees can add up fast before you know it.\u003C/p>\u003Cp>Aside from the consequences that can affect you right away, it may also take you several years to recover from several late payments. When you just leave them be, your account can get written off as a loss and this can stay on your credit report for years.\u003C/p>",{"type":14,"content":19},"\u003Ch2>2. Maxing Out Your Cards\u003C/h2>\u003Cp>It doesn’t matter if you have one card or more because you always need to keep an eye on the total available credit you are using. Your credit score will suffer if you use more than 30% of your available credit.\u003C/p>\u003Cp>Maxing out your credit card may make you end up with potential fees and a penalty interest. Try using your card only for those purchases that you know you can pay off right away to keep payments manageable and maintain a low balance.\u003C/p>",{"type":14,"content":21},"\u003Ch2>3. Not Checking Your Statement\u003C/h2>\u003Cp>Can you still remember the last time you actually reviewed your card statement? The credit card statement is basically the summary of all your card activities within the billing period. However, how sure are you that all these charges are really yours?\u003C/p>\u003Cp>Reviewing your statement on a regular basis is a good habit to develop. This is one of the best ways to prevent unauthorized charges and fraudulent expenses and let you report errors right away.\u003C/p>\u003Cp>Call your card issuer right away when you notice suspicious charges. You can find the issuer’s contact details on their verified website or on your statement. Make sure you report discrepancies, big and small amounts alike.\u003C/p>",{"type":14,"content":23},"\u003Ch2>4. Applying for Several Credit Cards Simultaneously\u003C/h2>\u003Cp>Your credit score will take more hits if you also apply for more credit. Applying for several credit cards in a short span of time will raise a red flag to potential lenders. Always apply for a new credit card only when you need it. You also need to avoid applying for a new card if you took out other loans like a housing loan or car loan recently.\u003C/p>",{"type":14,"content":25},"\u003Ch2>5. Spending More Than What You Can Afford\u003C/h2>\u003Cp>Many people make the common mistake of overspending when they have a credit card. Charging your card near its limit is a big no-no. Coming close to your limit can affect your credit score.\u003C/p>\u003Cp>These are just some of the most common mistakes that Sri Lankans need to avoid to make the most out of their credit cards.\u003C/p>","06.04.2023","01.09.2023",1579,5147,{"title":9,"description":31},"Crezu.lk",{"title":9,"description":33},"Now more than ever, credit cards have already become an important part of the lives of Sri Lankan thanks to the convenience they offer.","3 min",[],{"id":37,"name":8},"default",{"id":37,"name":8},330,{"value":41,"count":42},"4.6",49,9,[45,82,112,145,180,208,243,272,308,340,371],{"path":46,"content":47,"feedback_comment_total":81},"/en/grocery-shopping-for-less-to-enjoy-more-savings/",{"img":48,"imgMobile":8,"imgTitle":49,"imgAlt":49,"imgHide":50,"title":49,"text":51,"content":52,"date":67,"update":68,"like":69,"views":70,"meta":71,"header":72,"readingTime":34,"tags":74,"author":75,"editor":76,"id":77,"rating":78},"/data/img/lk-1-d.webp","Grocery Shopping for Less to Enjoy More Savings",false,"A trip to the grocery store always means that you will walk out with your wallet feeling a little bit lighter, especially if you…",[53,55,57,59,61,63,65],{"type":14,"content":54},"\u003Cp>The sad truth is groceries can be very expensive and organic vegetables and fruits can leave your wallet empty before you even know it. \u003C/p>\u003Cp>But, you don’t have to dread the thought of grocery shopping, though, because there are a few tips that can help you save more money the next time you need to step inside the store.\u003C/p>",{"type":14,"content":56},"\u003Ch2>Go for Generic Brands\u003C/h2>\u003Cp>While you might have some favorites, it will still be worth it to try store brands or generics that are actually great money savers. An important tip to remember is that you can often find these generics low or high on the shelves. Take your time to browse through the products to find them.\u003C/p>",{"type":14,"content":58},"\u003Ch2>Consider a Bulk Purchase\u003C/h2>\u003Cp>Now, before you go crazy and buy some stuff in bulk, the first thing you need to do is ensure that you have enough space to store them. If you do, then, don’t hesitate to grab more paper towels, toilet paper, vitamins, coffee, shampoos, deodorants, and dog food.\u003C/p>",{"type":14,"content":60},"\u003Ch2>Don’t Shop When You’re Hungry\u003C/h2>\u003Cp>Shopping for your groceries when your tummy is rumbling in hunger is a big no-no. If you step outside the house hungry, everything will look good to your eyes. Once you get home, you’ll find yourself with several bags filled with expensive junk foods you didn’t really plan to buy or need to bring back home.\u003C/p>",{"type":14,"content":62},"\u003Ch2>Check Your Pantry First Before You Plan Your Meals\u003C/h2>\u003Cp>Everyone makes this costly mistake. You go shopping, fill your cart with everything you like, and go home, only to discover that you now have more pasta, butter, and milk than what you need.\u003C/p>\u003Cp>To prevent this from happening, make sure you take an inventory of your pantry before you leave the house. To make things even better, you can also try planning your meals based on what you already have.\u003C/p>",{"type":14,"content":64},"\u003Ch2>Buy Local\u003C/h2>\u003Cp>When you buy from your local store, the first benefit is that the money also stays local. Another benefit is that you can find fresher vegetables and fruits at the local farmer’s market. You will also feel more satisfied with your purchase compared to shopping at that impersonal big box store.\u003C/p>",{"type":14,"content":66},"\u003Ch2>Track and Monitor Your Expenses\u003C/h2>\u003Cp>Always keep a close eye on what you are spending. You can try keeping a tally of everything in your head. If this doesn’t work, you can also list down everything on your phone, and keep track of your purchases and expenses. You can take advantage of the calculator on your phone, too.\u003C/p>\u003Cp>Through careful planning and making a budget, you can confidently walk into the grocery store, with a firm idea of how much you will spend and what you will buy. Make it a habit and soon, you can enjoy the perks of your grocery savings.\u003C/p>","15.03.2022","31.08.2023",5237,6539,{"title":49,"description":31},{"title":49,"description":73},"A trip to the grocery store always means that you will walk out with your wallet feeling a little bit lighter, especially if you need to buy you and your family’s stash for the month.",[],{"id":37,"name":8},{"id":37,"name":8},319,{"value":79,"count":80},"4.5",53,0,{"path":83,"content":84,"feedback_comment_total":111},"/en/how-much-emergency-savings-do-you-really-need/",{"img":85,"imgMobile":8,"imgTitle":86,"imgAlt":86,"imgHide":50,"title":87,"text":88,"content":89,"date":67,"update":27,"like":100,"views":101,"meta":102,"header":103,"readingTime":34,"tags":105,"author":106,"editor":107,"id":108,"rating":109},"/data/img/lk-2-d.webp","How Much Emergency Savings Do You Really Need","How Much Emergency Savings Do You Really Need?","Emergencies are called emergencies for a reason. These things can be very unpredictable and catch you off guard. And when an emergency happens, it…",[90,92,94,96,98],{"type":14,"content":91},"\u003Cp>While it is not always easy to avoid or prevent emergencies, you can eliminate some of the financial sting of dealing with such these unpredicted events if you have some emergency savings stashed away.\u003C/p>",{"type":14,"content":93},"\u003Ch2>Emergency Savings – What is It?\u003C/h2>\u003Cp>Emergency savings or emergency fund is basically a separate bank or savings account used to offset or cover the expenses associated with an unanticipated situation. This is different from a nest egg and is not part of your long-term savings plan for other needs such as college tuition, a vacation, or a new car. This fund will serve as a kind of safety net instead that you will only use if an emergency takes place.\u003C/p>",{"type":14,"content":95},"\u003Ch2>How Much Do You Need to Save?\u003C/h2>\u003Cp>Although the size of your emergency savings will differ according to your lifestyle, income, dependents, and monthly spending, the general rule of thumb here is to allocate a minimum of 3 to 6 months’ worth of expenses. You might find this amount a bit discouraging at first. However, the main goal here is to set aside a small amount every one or two weeks to achieve this. You can also try to adjust the amount according to your job stability, family needs, bill obligations, and many other factors.\u003C/p>",{"type":14,"content":97},"\u003Ch2>Where to Put Your Emergency Savings\u003C/h2>\u003Cp>It is best to put your emergency fund in a bank account that earns interest, like an interest-earning or money market savings account that you can access easily with no penalties or taxes. It is not really wise or advisable to place your savings for emergencies in stocks, mutual funds, or other similar assets since they may end up losing value if the time comes that you need to access them immediately.\u003C/p>",{"type":14,"content":99},"\u003Ch2>When to Use Your Emergency Savings\u003C/h2>\u003Cp>The main goal here is that you will only be tapping into your emergency fund if there are expenses that are directly related to an unforeseen emergency. Through setting a certain amount of money that must always be in this account, it will be easier for you to determine how much you need to build up to.\u003C/p>\u003Cp>Every time you draw from your emergency fund, you will also know how much you need to contribute so you can have the account replenished. If the time comes that you need to take some money from your emergency savings, it is also important that you start to rebuild it right away. Always remember that if you start to save as early as now, any money you can save today will go a long way to help you meet your financial needs should an emergency happen, hopefully not, in the near future.\u003C/p>",2956,3729,{"title":86,"description":31},{"title":87,"description":104},"Emergencies are called emergencies for a reason. These things can be very unpredictable and catch you off guard. And when an emergency happens, it can easily derail your finances and make things unstable.  An unforeseen job loss, a sudden accident or illness, or even a car or home repair out of nowhere can disrupt the daily cash flow of your family if you don’t prepare yourself for it.",[],{"id":37,"name":8},{"id":37,"name":8},320,{"value":41,"count":110},36,1,{"path":113,"content":114,"feedback_comment_total":81},"/en/smart-tips-to-save-money-from-your-salary/",{"img":115,"imgMobile":8,"imgTitle":116,"imgAlt":116,"imgHide":50,"title":116,"text":117,"content":118,"date":67,"update":27,"like":133,"views":134,"meta":135,"header":136,"readingTime":34,"tags":138,"author":139,"editor":140,"id":141,"rating":142},"/data/img/lk-3-d.webp","Smart Tips to Save Money from Your Salary","For most people, more money means more expenses. Your standard of living goes up every time your income increases. What used to be your…",[119,121,123,125,127,129,131],{"type":14,"content":120},"\u003Cp>It is this kind of mindset that makes people go astray when it comes to their finances. Enjoying life to the fullest at the moment might lead to some serious financial troubles in the near future.\u003C/p>\u003Cp>There is one harsh truth that you need to remember: it requires lots of sincerity and discipline to save some money from your salary. However, it is very much doable and possible as long as you put your mind and heart into it.\u003C/p>\u003Cp>Here are a few steps you can follow to help you get started with your journey to saving more so you can truly make the most out of your salary:\u003C/p>",{"type":14,"content":122},"\u003Ch2>Cut Back on Your Expenses Every Month\u003C/h2>\u003Cp>There are some expenses that you can never live without. This means that instead of eliminating them, the next best thing you can do is to lower how much you spend for them. These essential monthly expenses that you can try to cut down include the following:\u003C/p>\u003Cul>\u003Cli>Credit card expenses\u003C/li>\u003Cli>Electricity bill\u003C/li>\u003Cli>Entertainment expenses\u003C/li>\u003Cli>Mobile recharges\u003C/li>\u003Cli>Outside food orders\u003C/li>\u003Cli>Prudent grocery shopping\u003C/li>\u003Cli>Smart online shopping\u003C/li>\u003Cli>Smoking and drinking expenses\u003C/li>\u003Cli>Transportation\u003C/li>\u003C/ul>",{"type":14,"content":124},"\u003Ch2>Develop a Monthly Budget Plan\u003C/h2>\u003Cp>If you really want to save money, it is important to keep track and monitor where your money goes and control your expenses. Create a plan for your budget every month. It will be great if you can divide all your expenses into several major categories and make sure that you stick to them. This budget plan will help you ensure that you don’t overspend, which means you can save more money along the way.\u003C/p>",{"type":14,"content":126},"\u003Ch2>Make On-Time Payments to Avoid Penalty Fees\u003C/h2>\u003Cp>Never miss your monthly repayments if you have any ongoing credit card or loan payments. Delayed or missed payments will lead to penalties or late fees that can take a large portion of your monthly salary and affect your potential savings. To prevent these late payments, you can set up your payments to be automatically taken out of your bank account each month.\u003C/p>",{"type":14,"content":128},"\u003Ch2>Use the Right Tools for Saving and Investing\u003C/h2>\u003Cp>Have your money put away in a tool that will let you invest and save for better returns depending on the specific financial goals you have.\u003C/p>",{"type":14,"content":130},"\u003Ch2>Save Your Bonuses or Salary Increases\u003C/h2>\u003Cp>Every time you receive a bonus, incentive, or raise, you might feel tempted to use this to give yourself some rewards for the job well done. But, once again, you shouldn’t really spend more just because you earn more. Resist the temptation and set aside this extra cash for savings.\u003C/p>",{"type":14,"content":132},"\u003Ch2>Avoid Debts\u003C/h2>\u003Cp>The main idea here is to save more money and let it earn some interest. Avoid taking on new debts unless your reason for doing so is acceptable.\u003C/p>\u003Cp>Do you think you can follow these tips and enjoy more savings?\u003C/p>",2574,3463,{"title":116,"description":31},{"title":116,"description":137},"For most people, more money means more expenses. Your standard of living goes up every time your income increases. What used to be your wants turn into needs, with some luxuries morphing into necessities.",[],{"id":37,"name":8},{"id":37,"name":8},321,{"value":143,"count":144},"4.8",35,{"path":146,"content":147,"feedback_comment_total":81},"/en/balancing-money-and-love-how-can-couples-manage-their-finances/",{"img":148,"imgMobile":8,"imgTitle":149,"imgAlt":149,"imgHide":50,"title":150,"text":151,"content":152,"date":167,"update":27,"like":168,"views":169,"meta":170,"header":171,"readingTime":34,"tags":173,"author":174,"editor":175,"id":176,"rating":177},"/data/img/lk-4-d.webp","Balancing Money and Love: How Can Couples Manage Their Finances","Balancing Money and Love: How Can Couples Manage Their Finances?","The moment a couple decides to live together or get married, it naturally means that they will be sharing financial responsibilities from then on….",[153,155,157,159,161,163,165],{"type":14,"content":154},"\u003Cp>How they will split finances will become one of the most urgent and important matters they need to settle from the very beginning.\u003C/p>\u003Cp>When it comes to managing finances for couples, there is no such thing as a one-size-fits-all rule. But, there are several financial tips that can help you get started with your journey as a couple.\u003C/p>",{"type":14,"content":156},"\u003Ch2>Come Up with a Budget Plan\u003C/h2>\u003Cp>A good budget plan helps you monitor and track your expenses. Allocate an amount that you will spend for personal expenses, goods, entertainment, and take-outs. Make sure your budget plan also includes your debts, irregular expenses, other debt obligations, and emergency fund savings.\u003C/p>",{"type":14,"content":158},"\u003Ch2>Decide If Your Finances are Ready for Having Children\u003C/h2>\u003Cp>While it is fulfilling to raise kids, this can also end up draining your finances if you are not yet ready. You need to prepare for your children’s living expenses, education, and medical needs. Talk to your partner about having children to decide if the two of you can or cannot afford one just yet.\u003C/p>",{"type":14,"content":160},"\u003Ch2>Discuss Job Security\u003C/h2>\u003Cp>The pandemic led to many people losing their jobs. Discuss with your partner how you will handle your finances if ever one or both of you end up unemployed. Prepare a financial blueprint and determine how you can reduce your expenses and other plans that you can delay in the meantime. While losing your job is the last thing you want to happen, it wouldn’t hurt to be prepared if ever it does happen.\u003C/p>",{"type":14,"content":162},"\u003Ch2>Use the Right Strategy for Money Management\u003C/h2>\u003Cp>Sit down with your partner and choose a money management that will work best for you according to your shared financial goals. Some of the best money strategies that couples can consider include the following:\u003C/p>\u003Cul>\u003Cli>Combining your finances completely\u003C/li>\u003Cli>Separating your finances\u003C/li>\u003Cli>Living off the income of one spouse\u003C/li>\u003Cli>Living off the income of one spouse and saving the income of the other spouse\u003C/li>\u003Cli>Managing individual and joint accounts\u003C/li>\u003C/ul>",{"type":14,"content":164},"\u003Ch2>Set Your Goals for Your Personal Finances Together\u003C/h2>\u003Cp>One of the best financial tips for couples is to discuss your personal finances together. Identify what the two of you wish to achieve together and then how you plan to get there. Couples may want to discuss the following considerations:\u003C/p>\u003Cul>\u003Cli>How to budget your everyday household expenses\u003C/li>\u003Cli>How to deal with financial emergencies\u003C/li>\u003Cli>Investment and saving strategies\u003C/li>\u003Cli>Splitting of bills and living expenses\u003C/li>\u003Cli>Ways to repay debts accumulated together or separately\u003C/li>\u003C/ul>",{"type":14,"content":166},"\u003Ch2>Understand Your Individual Money Personality\u003C/h2>\u003Cp>The real secret to a happy marriage and good financial health is to know and understand the behavior and views of each other as far as money is concerned. By setting expectations, it will be easier to make compromises to eliminate unpleasant surprises down the road. Make sure you know your own money personality and that of your partner.\u003C/p>\u003Cp>Remember that these tips don’t necessarily guarantee the best results. However, what matters here is to know how you can handle all the negativities that may come your way during your life as a couple.\u003C/p>","11.02.2023",1502,3367,{"title":149,"description":31},{"title":150,"description":172},"The moment a couple decides to live together or get married, it naturally means that they will be sharing financial responsibilities from then on.",[],{"id":37,"name":8},{"id":37,"name":8},322,{"value":178,"count":179},"4.9",33,{"path":181,"content":182,"feedback_comment_total":81},"/en/important-personal-finance-tips-for-fresh-graduates-and-young-adults-in-sri-lanka/",{"img":183,"imgMobile":8,"imgTitle":184,"imgAlt":184,"imgHide":50,"title":184,"text":185,"content":186,"date":197,"update":27,"like":198,"views":199,"meta":200,"header":201,"readingTime":34,"tags":203,"author":204,"editor":205,"id":206,"rating":207},"/data/img/lk-5-d.webp","Important Personal Finance Tips for Fresh Graduates and Young Adults in Sri Lanka","Fresh graduates and young adults in Sri Lanka often find it jarring to transition from spending their days at the school to entering the…",[187,189,191,193,195],{"type":14,"content":188},"\u003Cp>To ensure that you can kick off this new chapter of your life on the right foot, there are several important things you can do to manage your personal finances better.\u003C/p>",{"type":14,"content":190},"\u003Ch2>Set a Personal Budget\u003C/h2>\u003Cp>It actually takes time to create a realistic budget. Since your needs and spending patterns will change, you should start tracking your spending to know where your money goes. This is also the time to plan for expenses you probably didn’t plan for in the past, such as groceries, insurance, rent, and savings. It matters a lot to be organized when it comes to your finances.\u003C/p>\u003Cp>It is also crucial to set money aside for emergencies and actual expenses so you don’t end up in debt. If something happens, you must have some cash handy so you can pay for it with no need to use your credit card or apply for a loan.\u003C/p>",{"type":14,"content":192},"\u003Ch2>Invest in Yourself\u003C/h2>\u003Cp>Young adults and fresh graduates actually have an edge over their older counterparts. Time is still on their side, letting them take advantage of the magic of compound interest. Investing in yourself and growing your knowledge can equip you better to make sound decisions that can benefit you down the road.\u003C/p>",{"type":14,"content":194},"\u003Ch2>Pay Off Existing Debt\u003C/h2>\u003Cp>It is also important to set aside funds in your budget for paying off any existing debts. For example, if you have student loans, paying them back will start around 6 months after finishing your studies. You might also have existing credit card debts you have to pay off, as well as student lines of credit and similar borrowed education funds.\u003C/p>\u003Cp>A lot of young adults seem to accept that debt is a normal part and way of life. However, it doesn’t have to be. Be sure to look for ways and means to have your debt paid off so it won’t hamper your opportunities and choices in the future.\u003C/p>",{"type":14,"content":196},"\u003Ch2>Be Wise with Your Expenses and Separate Wants from Needs\u003C/h2>\u003Cp>There are many fresh graduates who often make the costly mistake of getting a new car and other similar large expenses the moment they land their first job. What they don’t realize is that these large purchases are not just about being able to afford monthly payments. This is also about being able to afford to pay off debts.\u003C/p>\u003Cp>Make sure you learn to live within your means. Pay off existing debts, and understand and relish the true value of delayed gratification. It will be cheaper if you save up to buy something in cash than buying it on credit.\u003C/p>\u003Cp>Skills, proper information, and education are the secrets to successful management of your personal finances. As times become more challenging for fresh graduates and young adults in Sri Lanka, you should learn how to make sound and wise decisions to prepare yourself for financial success in the near future!\u003C/p>","09.02.2023",2130,5451,{"title":184,"description":31},{"title":184,"description":202},"Fresh graduates and young adults in Sri Lanka often find it jarring to transition from spending their days at the school to entering the professional world. This time, they need to work, live on their own, and strive to be self-sufficient.",[],{"id":37,"name":8},{"id":37,"name":8},323,{"value":41,"count":80},{"path":209,"content":210,"feedback_comment_total":111},"/en/are-you-ready-to-apply-for-personal-loans/",{"img":211,"imgMobile":8,"imgTitle":212,"imgAlt":212,"imgHide":50,"title":213,"text":214,"content":215,"date":230,"update":27,"like":231,"views":232,"meta":233,"header":234,"readingTime":34,"tags":236,"author":237,"editor":238,"id":239,"rating":240},"/data/img/lk-6-d.webp","Are You Ready to Apply for Personal Loans","Are You Ready to Apply for Personal Loans?","Whether you like it or not, there will come a time when you will need financial help. Maybe you want to go on that…",[216,218,220,222,224,226,228],{"type":14,"content":217},"\u003Cp>If you are lucky, your finances may allow you to pay for these easily. But if not, you might need some backup plan. This is when personal loans can come in handy.\u003C/p>\u003Cp>But, are you ready to apply for a personal loan in the first place? Below are some signs that you are ready to submit that application:\u003C/p>",{"type":14,"content":219},"\u003Ch2>You are Ready to Commit to Long-Term Payments\u003C/h2>\u003Cp>If you have no issues with long-term payments, then, you are a good candidate for personal loans. While you can always make a one-time payment, it means you need to repay the loan right away, something that might not really be possible depending on your current situation. The long-term payments for personal loans mean you can have enough breathing space and time to pay for the amount you borrowed.\u003C/p>",{"type":14,"content":221},"\u003Ch2>You are in Dire or Urgent Need of Cash\u003C/h2>\u003Cp>This is not about your usual rent payments or budget for groceries. Instead, you need the money for something major and serious. Personal loans can give you the peace of mind that you have the amount you need ready, whether it is because of the debt collector or a sudden medical emergency.\u003C/p>",{"type":14,"content":223},"\u003Ch2>You Have a Clean Credit History\u003C/h2>\u003Cp>Lenders perform background checks during loan applications, which includes going through the applicant’s credit history. Were you diligent enough in paying your previous loans? Do you still have any outstanding debts? Is your credit score positive? All these factors will be considered during your application for a personal loan. Not dealing with your previous obligations can lower your chances of getting approved.\u003C/p>",{"type":14,"content":225},"\u003Ch2>Your Existing Debt is Manageable\u003C/h2>\u003Cp>Now, don’t let this confuse you. As mentioned earlier, you can apply for a personal loan to pay an existing major debt. But, you also need to consider how much your current debt is. The personal loan can be used for paying up a 4-digit debt.\u003C/p>\u003Cp>However, anything beyond this and you will have to consider other ways to complete this earlier obligation. It will be completely useless to get a huge loan just to pay a very high debt if it means you will still be paying up the same amount in the long run.\u003C/p>",{"type":14,"content":227},"\u003Ch2>You Have All the Necessary Requirements\u003C/h2>\u003Cp>It can be too time-consuming to deal with paperwork. But, it’s good news if you are done with everything. When it comes to personal loan applications, lenders don’t just validate your previous credit history. They will also check and consider how dedicated and focused you are on the process. If you are committed enough to completing your requirements, there is also the chance that you will have the same commitment in paying off your loan.\u003C/p>",{"type":14,"content":229},"\u003Ch2>You Have a Regular Source of Income\u003C/h2>\u003Cp>With personal loans, you will basically borrow money, whatever the amount and primary purpose of the loan might be. If you have a regular job or source of income, this puts you in a better position to apply for a personal loan. Your regular income will let you pay back your loan without any delays in the future.\u003C/p>\u003Cp>If you can relate to all of these signs, then, by all means, don’t hesitate to submit that personal loan application soon!\u003C/p>","12.02.2023",2901,4818,{"title":212,"description":31},{"title":213,"description":235},"Whether you like it or not, there will come a time when you will need financial help. Maybe you want to go on that dream getaway or you need to buy a new laptop for work.",[],{"id":37,"name":8},{"id":37,"name":8},324,{"value":241,"count":242},"4.7",44,{"path":244,"content":245,"feedback_comment_total":271},"/en/quick-tips-to-get-your-personal-loans-approved-without-glitches/",{"img":246,"imgMobile":8,"imgTitle":247,"imgAlt":247,"imgHide":50,"title":247,"text":248,"content":249,"date":230,"update":27,"like":260,"views":261,"meta":262,"header":263,"readingTime":34,"tags":265,"author":266,"editor":267,"id":268,"rating":269},"/data/img/lk-7-d.webp","Quick Tips to Get Your Personal Loans Approved Without Glitches","For most people, a personal loan is one of the first steps they take to achieve their dreams and goals. These loans can help…",[250,252,254,256,258],{"type":14,"content":251},"\u003Ch2>Apply for the Correct Amount You Need\u003C/h2>\u003Cp>Probably the most common mistake that people make when applying for personal loans is that they indicate an extremely high amount. However, after the bank assessed your financial situation, they may lower the requested amount and the process itself may take longer.\u003C/p>\u003Cp>You can avoid this inconvenience by using a loan calculator before you fill out your application. This can help you determine the amount you need depending on your current financial situation. Putting the right loan amount can speed up the process of getting your loan approved.\u003C/p>",{"type":14,"content":253},"\u003Ch2>Observe Transparency\u003C/h2>\u003Cp>During your loan application, you need to fill out several lengthy forms where you need to state some important information like your home address; work, mobile, and home numbers; monthly salary income; and occupation, just to name a few.\u003C/p>\u003Cp>Make sure you fill out everything as truthfully and factually as possible since banks need to cross-check and verify every detail against each other to determine if you can handle and pay for the loan. You also need to remember that the loan process won’t happen if the bank cannot reach you through any of the numbers you provided.\u003C/p>",{"type":14,"content":255},"\u003Ch2>Choose a Suitable Rate\u003C/h2>\u003Cp>Giving in to temptations is all too easy at certain points in your life. It can also happen when deciding on the interest rate for a personal loan. There are several interest options available for bank customers and these include the following:\u003C/p>\u003Cul>\u003Cli>Fixed – This is a type of rate fixed for a certain period of time.\u003C/li>\u003Cli>Floating – This rate can change at any time.\u003C/li>\u003Cli>Variable – This rate changes at the given frequency.\u003C/li>\u003C/ul>\u003Cp>Variable and floating interest rates often stand lower compared to fixed interest rates. The rate gap between fixed and variable rates is what makes many customers go for the variable option. What they don’t realize is that can put them at risk of negative or positive fluctuating loan installment or tenure several times throughout the repayment period of the loan. Fixed rate, on the other hand, can mitigate this risk.\u003C/p>\u003Cp>But, you also need to consider the current market conditions before you choose an interest rate. This way, you can save yourself from disappointments when the economic conditions make the interest rates decline continuously.\u003C/p>",{"type":14,"content":257},"\u003Ch2>Prepare All Necessary Documents\u003C/h2>\u003Cp>Banks often require several documents that will verify who you are before they start the loan process. See to it that all of these documents are prepared for your loan to be approved faster. The bank will call you if something is missing and this can delay the process.\u003C/p>",{"type":14,"content":259},"\u003Ch2>Meet the Minimum Criteria\u003C/h2>\u003Cp>Last but definitely not least, you also need to meet the minimum criteria set by the bank so your loan can get approved. Inquire about the requirements from the bank and check off everything on the list so you can be eligible for a personal loan.\u003C/p>\u003Cp>Are you ready to apply for your personal loan?\u003C/p>",3903,5878,{"title":247,"description":31},{"title":247,"description":264},"For most people, a personal loan is one of the first steps they take to achieve their dreams and goals. These loans can help you finance the things you need or want, such as education, a new car, or even a much-needed vacation.  To ensure that your personal loan can get approved fast, there are several tips you need to remember.",[],{"id":37,"name":8},{"id":37,"name":8},325,{"value":79,"count":270},58,3,{"path":273,"content":274,"feedback_comment_total":81},"/en/possible-scenarios-that-may-shake-the-world-economy-this-2023/",{"img":275,"imgMobile":8,"imgTitle":276,"imgAlt":277,"imgHide":50,"title":276,"text":278,"content":279,"date":296,"update":27,"like":297,"views":298,"meta":299,"header":300,"readingTime":34,"tags":302,"author":303,"editor":304,"id":305,"rating":306},"/data/img/lk-8-d.webp","Possible Scenarios That May Shake the World Economy This 2023","Possible Scenarios That May Shake the World Economy This 2022","It is expected that post-pandemic recovery will gain better momentum in the next several months. However, experts have laid down some potential scenarios that…",[280,282,284,286,288,290,292,294],{"type":14,"content":281},"\u003Ch2>An Interstate Cyberwar\u003C/h2>\u003Cp>Military escalation will probably turn into cyberwarfare considering how difficult it is to identify the people behind cyberattacks and the expenses associated with direct military conflict.\u003C/p>\u003Cp>For instance, shutting down a national grid will cause severe disruptions to business operations that may lead to uncertainties affecting the sentiments of investors.\u003C/p>",{"type":14,"content":283},"\u003Ch2>Property Crash in China\u003C/h2>\u003Cp>Evergrande, a property giant in China, has a massive debt that a potential default may lead to a serious case of financial contagion. Most of the real estate firms in the country are overleveraged as well that may soon result to a series of defaults.\u003C/p>",{"type":14,"content":285},"\u003Ch2>Clash between Taiwan and China\u003C/h2>\u003Cp>The past few months have seen heightened seething tensions between Taiwan and China. The aggression of the Chinese against Taiwan that started during the later part of 2020 raised the risks of military conflict in the Taiwan Strait with the possibility of Taiwan’s backer, the US, getting dragged in.\u003C/p>",{"type":14,"content":287},"\u003Ch2>Worsening Tension between China and the EU\u003C/h2>\u003Cp>EU sanctions’ imposition back in March against China regarding Xinjiang’s human rights abuses and China’s retaliatory sanctions against four organizations and ten individuals from the EU have resulted in a deterioration of the relations between China and the EU. These developments might intensify European calls for cooperation between the US and EU over China.\u003C/p>",{"type":14,"content":289},"\u003Ch2>Extreme Climate Events\u003C/h2>\u003Cp>Experts warn that the climate change models are pointing to risks related to droughts and their increased frequency. This year alone, the US and Canada have experienced intense heatwaves. Spain, Turkey, and Greece have also suffered for the past few months from destructive fires. The weather’s volatility, including the drought in Brazil, already led to increased prices of several food products.\u003C/p>",{"type":14,"content":291},"\u003Ch2>New Variants of COVID-19\u003C/h2>\u003Cp>The pace of the rollout of COVID-19 vaccines is the key variable behind the more positive forecasts regarding the global economy. However, there is still a looming possible that more aggressive variants of the virus that are resistant to vaccines may hinder these forecasts from happening in the first place.\u003C/p>",{"type":14,"content":293},"\u003Ch2>Tighter Financial Conditions\u003C/h2>\u003Cp>The pressures of inflation that stem from the prices of commodities starting to bounce back may set off interest-rate normalization. This can lead to governments increasing their debt-service costs. It can further trigger an aggressive pro-cyclical fiscal consolidation, ultimately delaying the emerging countries’ road to recovery.\u003C/p>",{"type":14,"content":295},"\u003Ch2>Crash of the US Stock Market\u003C/h2>\u003Cp>A recovering real economy, the super loose monetary policy, increased energy prices, and disruption in the supply chain all played a part in the US inflation’s sharp rise in 2021. If inflation cannot be reined in by the slow monetary tightening alone, experts claim that there might be a need for increased interest rates when 2023 comes.\u003C/p>\u003Cp>Considering that US stock price or earning ratios are now higher than before the crashes back in 1929 and 2007 to 2008, accelerated increases in interest rates may be enough to cause a sharp adjustment in the stock market.\u003C/p>","10.03.2023",1253,4646,{"title":276,"description":31},{"title":276,"description":301},"It is expected that post-pandemic recovery will gain better momentum in the next several months. However, experts have laid down some potential scenarios that may hamper global inflation and growth in 2023 and might even stir some political tensions.",[],{"id":37,"name":8},{"id":37,"name":8},326,{"value":41,"count":307},43,{"path":309,"content":310,"feedback_comment_total":339},"/en/top-things-you-can-buy-in-a-bad-economy/",{"img":311,"imgMobile":8,"imgTitle":312,"imgAlt":312,"imgHide":50,"title":312,"text":313,"content":314,"date":327,"update":27,"like":328,"views":329,"meta":330,"header":331,"readingTime":34,"tags":333,"author":334,"editor":335,"id":336,"rating":337},"/data/img/lk-9-d.webp","Top Things You Can Buy in a Bad Economy","Every time economists have those long discussions about deflation, what they are referring to is that point when prices go down. As a regular…",[315,317,319,321,323,325],{"type":14,"content":316},"\u003Cp>But, things are a bit different for the economy because it will only grow if there is a modest amount of inflation. When you know and feel how bad the economy is, it is easy to avoid spending more than what you need.\u003C/p>\u003Cp>However, there are actually a few things that you might want to consider buying if there is an ongoing recession.\u003C/p>",{"type":14,"content":318},"\u003Ch2>Car\u003C/h2>\u003Cp>Yes, buying a car in a bad economy makes sense because you can take advantage of some great deals. It doesn’t matter if you will buy a used or a brand new model because you can be sure that there are amazing interest rates and incentives that await you.\u003C/p>\u003Cp>Instead of waiting until the economy recovers before you buy that dream car, now is the best time to do it. These wonderful deals won’t be around for a long time because a recovered economy will mean higher interest rates and prices.\u003C/p>",{"type":14,"content":320},"\u003Ch2>Furniture\u003C/h2>\u003Cp>Furniture prices tend to rack up. When the economy is bad, salesmen will be more than willing to earn less commission as long as they score a sale. Rather than markups of 75% up to 100%, furniture markup can go as low as 20% to 30%. If your bedroom can use a new bed or if the couch in your sofa is in dire need of a replacement, buying while the economy is bad is one of the best decisions you can ever make.\u003C/p>",{"type":14,"content":322},"\u003Ch2>Home\u003C/h2>\u003Cp>When your finances put you in a better position to purchase a house, then, you might want to consider doing it when the economy is having a hard time. On the other hand, if you are not yet ready to make that purchase, you might be better off with refinancing.\u003C/p>",{"type":14,"content":324},"\u003Ch2>Stocks\u003C/h2>\u003Cp>Stocks are great to consider during a bad economy. A downturn in the economy leads to more stocks put up on sale, giving you the chance to find some good bargains. There are indeed lots of stock possibilities during a recession, including some stocks that can help you gear up for what will come soon, and that is, inflation once the economy gets better.\u003C/p>\u003Cp>A bad economy is also a perfect time for buying stocks that pay dividends. And if you are keener on returns that go on for long-term, you can get the best deals with index funds.\u003C/p>",{"type":14,"content":326},"\u003Ch2>Final Tip for Spending During a Bad Economy\u003C/h2>\u003Cp>Obviously, if you don’t have plans to buy any of the things above in the next one or two years, it wouldn’t make much sense to get all too excited to rush out and buy. It is never a wise idea to buy just for the sake of buying. However, if you already have plans to make some of these purchases in the near future anyway, it might be worth it to try moving your timetable up if possible.\u003C/p>","15.03.2023",1048,4127,{"title":312,"description":31},{"title":312,"description":332},"Every time economists have those long discussions about deflation, what they are referring to is that point when prices go down. As a regular consumer, deflation probably wouldn’t bother you that much, unless it comes with income deflation.",[],{"id":37,"name":8},{"id":37,"name":8},327,{"value":241,"count":338},37,2,{"path":341,"content":342,"feedback_comment_total":81},"/en/these-are-the-top-budgeting-mistakes-of-many-sri-lankan-youths/",{"img":343,"imgMobile":8,"imgTitle":344,"imgAlt":344,"imgHide":50,"title":344,"text":345,"content":346,"date":359,"update":27,"like":360,"views":361,"meta":362,"header":363,"readingTime":34,"tags":365,"author":366,"editor":367,"id":368,"rating":369},"/data/img/lk-11-d.webp","These are the Top Budgeting Mistakes of Many Sri Lankan Youths","People learn lessons from failures. But, when it comes to budgeting, you cannot really afford a lot of failures or else, your finances will…",[347,349,351,353,355,357],{"type":14,"content":348},"\u003Cp>Unfortunately, it seems that Sri Lankan youths are making some costly mistakes in terms of their finances and some of these are the following:\u003C/p>",{"type":14,"content":350},"\u003Ch2>1. Not Having Financial Literacy\u003C/h2>\u003Cp>Do you know the interest rate of your credit cards? Do you know how to calculate interest rates for personal and housing loans?\u003C/p>\u003Cp>If you cannot answer these simple questions, then, you got a problem in your hands. It is actually shocking how even top ranking executives are not well-versed with basic financial details like loan debts.\u003C/p>\u003Cp>You can avoid bad money habits if you educate yourself more on different financial topics. Being financially illiterate can hamper your growth and wealth opportunities.\u003C/p>",{"type":14,"content":352},"\u003Ch2>2. Not Having a Budget or Taking It for Granted\u003C/h2>\u003Cp>A budget is basically a plan of how much cash flow you have and how you will spend it. Budgeting can help you keep track of your money so you know where it goes. If you don’t have a budget in the first place, you will find it hard to navigate your finances.\u003C/p>\u003Cp>Similarly, you cannot just set a budget and expect it to stay the same. Remember that your expenses and income can change every year. This means that your current budget for the month might no longer be applicable for the same month next year.\u003C/p>\u003Cp>Prices and fees change constantly. To prevent problems with your cash flow, make sure your budget is updated regularly, considering any additions or deductions from your income sources.\u003C/p>",{"type":14,"content":354},"\u003Ch2>3. Not Knowing the Exact Amount of Expenses\u003C/h2>\u003Cp>When it comes to budgeting, you need to know how you use up your money and how much you spend for your cost of living expenses. Guessing or estimating your expenses will never work at all since you probably spend more every month than what you think.\u003C/p>\u003Cp>It is always a wise idea to track your expenses first for one to two months before you set a budget. Take note of everything you spend your money on. This will let you see where your money goes so you can determine a realistic budget that best suits your situation.\u003C/p>",{"type":14,"content":356},"\u003Ch2>4. Not Resisting the Urge of Impulse Buying\u003C/h2>\u003Cp>Impulse buying is and will always be your wallet’s biggest and number one enemy. Whether it is a new pair of shoes on sale, the newest frappe in your favorite coffee shop, or any other impulse buys, you have surely become a victim of this at one point or another. Try to resist the temptations of impulse buying and stick to your budget as much as possible.\u003C/p>",{"type":14,"content":358},"\u003Ch2>5. Not Having Some Money for Fun\u003C/h2>\u003Cp>This is probably the most common mistake among many Sri Lankan youths. Just because you want to spend less and get serious about your money doesn’t mean you should just lock up yourself at home. Everyone needs and deserves to unwind every now and then. It wouldn’t be an irresponsible thing to have a bit of fun with your money.\u003C/p>\u003Cp>Your budget will never work long term when you don’t have some room for fun stuff, which can be something as simple as a chocolate bar once every week. \u003C/p>\u003Cp>Avoid these mistakes and master the art of budgeting in no time!\u003C/p>","28.03.2023",1851,5874,{"title":344,"description":31},{"title":344,"description":364},"People learn lessons from failures. But, when it comes to budgeting, you cannot really afford a lot of failures or else, your finances will end up broken beyond repair.",[],{"id":37,"name":8},{"id":37,"name":8},329,{"value":41,"count":370},60,{"path":5,"content":372,"feedback_comment_total":43},{"img":7,"imgMobile":8,"imgTitle":9,"imgAlt":9,"imgHide":10,"title":9,"text":11,"content":373,"date":26,"update":27,"like":28,"views":29,"meta":380,"header":381,"readingTime":34,"tags":382,"author":383,"editor":384,"id":39,"rating":385},[374,375,376,377,378,379],{"type":14,"content":15},{"type":14,"content":17},{"type":14,"content":19},{"type":14,"content":21},{"type":14,"content":23},{"type":14,"content":25},{"title":9,"description":31},{"title":9,"description":33},[],{"id":37,"name":8},{"id":37,"name":8},{"value":41,"count":42},1780400745516]