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5 Steps that Will Help You Cope with Your Debt

5 Steps that Will Help You Cope with Your Debt

There is an old saying that goes something like this “He who goes borrowing, goes sorrowing”, and I couldn’t agree more. In the good old days, borrowing was considered the last resort for a person in need, but nowadays it seems that everybody has some sort of debt, no matter how small. Our society is built upon the idea of credits and loans and the more you take, the more you need. The more you have, the more you want. And no matter what we do, we end up paying the price, sometimes for years. Chances are that at some point, some fancy guy in a suit will knock on your door and take everything you have. Luckily, all problems have solutions. So in order to get out of debt, or at least limit your debt, there are 5 steps that must be taken.

Step #1: Make Your Problems Your Priorities

It doesn’t matter if you work for a minimum wage or earn a decent living. With all these temptations, it is hard to stop getting loans and credits. The truth is that debts have become a normal part of our lives according to recent studies, and we are more often than not tempted to take on more than we can handle.

And although there is nothing more rewarding than standing on your own two feet, it is hard to do it with no debt whatsoever. College life is expensive, so you choose a student loan. Then, you want your own apartment or house, you get married, you have kids, you need cars and a change into the household appliances every now and then. And many people don’t get rich overnight, nor do they win the lottery or land on a gold mine. So credits and loans are the only solution to lead a normal life, like everyone else. But unless you want to spend the rest of your life paying interest, and worrying about your overdo payment, you have to take steps to dissolving your debt. Make the clearing of all your unresolved financial issues a top priority, and no matter what interference might occur, stick to your plan.

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Step #2: Stop Spending Your Money on Useless Stuff

It isn’t easy to embrace the frugal lifestyle, but nowadays there are so many resources and living examples of people who did it and who are living a care-free life, that you can’t be scared of trying it yourself. You know the saying “less is more”, so try applying it in your own life. Do you really need to buy all the junk you find in stores? I know you love chocolate, and you’re craving for a dinner out in the town, but you should focus on things that actually matter if you ever want to start moving forward. And it’s not a matter of giving up, it is a matter of simply clearing that cloudy sky and making a difference in your lifestyle, by creating balance. Balance leads to well-being.

Plus, you’d be amazed at how much money you can save if you put a little effort into it. Here is an idea to experiment: every time you go into the supermarket, try to think if you really need a certain item, and if you don’t, put the amount of money you would have spent on it somewhere else. Check that little deposit in a few weeks. And smile.

Step #3: Dealing with the Reality of Debt

If you accepted the fact that you have a debt problem and that you have to stop spending money on things that lack importance, the next step is to actually deal with the reality of debt. This means understanding the fact that although the bank may be offering you loans and credits for personal needs or for business needs, it certainly does not hold back from taking it all away when payments are not made in time. You go from wanting it all to losing even the little you had.

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There are many online resources and finance blogs that can advise you how exactly to deal with your debt in your country and which debt tools to make use of. In Australia, for example, debtconsolidation.com.au shows us that consolidation tools such are repayment are the most preferred ones. A repayment plan of your home loan would look like this:

    In other countries, people prefer to make one big loan, so they can cover all the other small ones.The most important focus of this strategy is that you will no longer risk missing payments and getting into more problems, because there is only one big problem that you have to worry about. It might sound a bit harsh, but having just one problem to deal with can be a life saver.

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    Step #4: Write Everything Down, Keep a Check List and Open a Savings Account

    It may not sound like the best advice, but writing down all your costs and profits will significantly help you manage your money. How exactly, you might wonder? It is simple: if you are diligent, and never forget to write everything in a notebook, you will be able to make a grand total at the end of the month/week, and see exactly what it is that is burning a hole through your pockets. To add more, try keeping things organized in a check list, so that you know what is a must and what can be saved for later. Organizing your spending budget is a key part in preventing new unwanted debts.

    Remember, we want to deal with each problem at a time, so preventing unwanted problems is also a smart way of living. Each time you managed to do something, even if it is just a simple action as to giving back some borrowed money, check list it. But what about holidays and expenses? Well, open up a savings account. Be it for Easter, Christmas, or other holidays and birthdays. It’s better to plan ahead. So if you want to spend some money, but not over do it, then this is the answer. Wondering what to do and where to “cut” from, so you can save money? Scroll up to Step 1 and read the experiment suggestion again and then come back to Step 5. Now you know where to start.

    Additional Pieces of Advice

    1. Never Give Up

    It takes a few weeks to get into serious debts, but you might be paying for this mistake your entire life. Nevertheless, if you have found yourself in a truly dire situation, where everything looks as though it could come crashing down in the blink of an eye, try to remain calm. Put your patience hat on, stay strong, and try to make the best out of what you have.

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    2. Stay Positive

    Optimism is the key to give peace to our minds. Nothing good will come out of stressing yourself. Remember that important lesson in math class: every problem has a solution. Stay focused and find it through creative realistic ways. But before that, keep your mind sane, so that it functions to its full potential.

    3. Carefully Choose Your Words and Your Actions

    Think, before talking and acting. Your actions can have side effects on your happiness and on the happiness of your dear ones. There are so many people who are consumed by their financial issues and still fail to understand that money does not bring happiness and luckily, there still are plenty of things money can’t buy.

    Word of advice: never joke around or say “I am forever in your debt” to a bank representative. He might take your word on that one.

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    Roxana Nasoi

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    Last Updated on July 4, 2019

    25 Killer Sites For Free Online Education

    25 Killer Sites For Free Online Education

    Whether you’re five or ninety five, the internet has a lot to offer. Particularly when the topic is education, the resources on the internet are endless.

    Best of all, many high quality sites are completely free. From history to coding, excellent free online education awaits on the following 25 sites.

    1. Coursera

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      Coursera is a website that partners with universities and organizations around the world. This brings a wide variety of topics and perspectives to one searchable database.

      Coursera is a powerful tool for free online education, and includes courses from many top universities, museums and trusts. This gives the site an extremely wide range of in-depth courses.

      Coursera is extremely useful if you’re looking to study many different topics, or want courses from different schools and groups.

      2. Khan Academy

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        Partnering with many post secondary schools, Khan Academy offers a useable, well organized interface. Also curating many courses from around the web, Khan Academy offers impressive depth on many different subjects.

        Among the more well known educational sites, Khan Academy is also incredibly useable, which may make it easier to keep learning goals.

        3. Open Culture Online Courses

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          If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

          Open Culture’s list features courses from England, Australia, Wales and many state universities around the United States. A very helpful resource for finding many courses in one area of study.

          4. Udemy 

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            Udemy’s free courses are similar in concept to Coursera’s but additionally allows users to build custom courses from lessons.

            Working with many top professors and schools, the site mixes the customizable platform of other sites with a heavy emphasis on top quality content. This is another site however, that mixes free and paid content.

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            5. Academic Earth

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              Another site with courses from many different schools is Academic Earth. Much like the three sites above, Academic Earth brings together top notch courses from many different sources, and focuses on offering a wide variety of subjects.

              Academic Earth lists courses by subject and school, so it might be easier to find what you’re looking for.

              6. edX

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                Another great option for free online education is edX. Also bringing together courses from many different schools, the site has impressive, quality information for everyone. edX covers a great range of topics.

                7. Alison

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                  Unlike the previous sites on this lists, Alison is a free education site offering certification in some areas. Alison offers courses mainly in business, technology, and health, but also includes language learning courses.

                  It’s a great option if users need certification for their learning as Alison also offers school curriculum courses.

                  8. iTunesU Free Courses

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                    A very convenient place for free online education is iTunesU, because it integrates seamlessly with your iPod, or any app-ready Apple mobile device. On iPad, iPhone, or iPod touch, users download the iTunesU app.

                    Desktop users can access  iTunesU on the upper right hand corner of the iTunes Store. iTunesU is also convenient because the store is categorized much like iTunes.

                    Users can search learning materials in many different ways, including genre and topic. However, courses are often a mix of free podcasts or videos, and paid content.

                    ITunesU does include courses on a pretty wide scope of topics, but does not integrate with Android, Google or Windows mobile devices.

                    9. Stanford Online

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                      Your hub for all the online offerings from Stanford University, Stanford Online offers self-paced and session based courses. While Coursera features some courses from Stanford, many classes are only available via other hosts. Some courses require iTunes, but most are completed in your web browser.

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                      Stanford Online is a great site for high quality courses, though the topics are somewhat limited compared to sites partnered with more than one school.

                      10. Harvard Extension

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                        Like Stanford Online, Harvard Extension features free online education courses from Harvard only. This is another excellent source for top notch course material, though the course variety is less rich than multi-school sites.

                        Additionally, Harvard Extension allows you to search for courses by professional certificate. This makes it much easier if your online education goal includes certification.

                        11. Open Yale Courses

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                          Open Yale Courses echoes Harvard Extension and Stanford Online, in that it offers only courses from Yale. While the site is similarly limited to topics taught at the school, Open Yale Courses offers a lot of videos of actual campus lectures. The availability of videos makes the site a great option if you’re looking for quality courses, but learn better by watching than by reading.

                          12. UC Berkeley Class Central

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                            Much like the other schools on this list, UC Berkeley has a variety of free online education options. The school has slightly fewer courses than the schools above, but includes some supplementary lectures, webcasts and RSS Feeds, making it easy to keep up with the topics you choose.

                            13. MIT OpenCourseWare

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                              Similarly, MIT offers a variety of free courses. The school has a comparable number of courses to the schools above, plus includes very in-depth course materials on the subjects available. MIT also offers free RSS feeds, a convenient way to continue learning.

                              14. Carnegie Mellon Open Learning Initiative

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                                Carnegie Mellon’s free online education site is comparable with the other school’s on this list, however, Open Learning Initiative also covers a smaller range of topics. But for the topics that are covered impressive, in-depth material is available.

                                15. Codecademy

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                                  Codecademy is a website dedicated specifically to teaching coding. Where other coding sites follow an example/practice session workflow, Codecademy includes a live practice window. This means you can practice coding while still viewing the lesson material.

                                  The courses at Codecademy are well written and easy to follow and the website is organized very nicely. Codecademy features a centralized dashboard where you can monitor your progress, plus organizes lessons into complete modules. This lets you learn an entire language without needing to pick the next course manually.

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                                  16. Code

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                                    Code is another website focused on coding and app writing. A site with high quality courses, Code also features learning options for kids.

                                    In addition to kid friendly courses, Code offers free online education classes on a wide variety of technology topics. These classes include app writing, robotics and Javascript.

                                    Most of the courses are also geared in a such a way that they can be useful in a classroom setting. This makes Code a great resource for harder to find coding topics, as well as various learning settings.

                                    17. University of London Podcasts

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                                      The podcast page on the University of London website is another great source for free education. While the courses are limited to podcasts, the site features podcasts from it’s own campus, as well as eleven universities in and around London. This gives learners a wide base of topics and lectures, but still ensures in-depth material.

                                      18. University of Oxford Podcasts

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                                        Similar to the University of London, the University of Oxford features many different podcasts. Most are public lecture series or lectures from visiting professors, with several different recordings available.

                                        The advantage to this particular site is that podcasts are organized into series, making it easy to subscribe to multiple lectures on one topic. Another good site for thoroughly in-depth lectures.

                                        19. BBC Podcasts

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                                          For the more casual learner, the BBC offers a wide variety of podcasts on many different topics. Most podcasts are updated weekly, and focus on everything from finance, to sports, to current events.

                                          Through the World Service line of podcasts, there are also many in different languages. The focus of these podcasts are less in-depth and theory based, which may be more accessible to the average person.

                                          20. TED-Ed

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                                            Another great destination for more general learning is TED-Ed. From the same people that brought you the all encompassing, motivational web series, comes a site chocked full of educational videos. Most include impressive animation, and all are ten minutes long or less.

                                            Not only is TED-Ed an excellent site for the curious, it also includes supplemental materials and quizzes on the videos. This makes the site extremely useful in formal education settings, as well as in entertaining ways to brush up on new discoveries and topics.

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                                            21. LessonPaths

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                                              LessonPaths is another great tool for those looking for a more usable and convenient way to access learning material. On this site, users create link playlists of their favorite learning materials from other sites. Users then rank these collections, making it easy to find many different high quality, accessible sources on a given topic.

                                              22. Memrise

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                                                Another impressive free online education site offering ease of use and convenience is Memrise. Available both on desktop and as an app, Memrise is a particularly powerful tool if you are studying a language. The site encompasses many other topics as well, though some of the course material is user generated content.

                                                Part of what makes Memrise special is their integration of games into the learning materials, mixing learning with entertainment.

                                                23. National Geographic Kids

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                                                  The kids site for National Geographic is another site that makes free online education applicable for younger users. For those looking for kid friendly education, a large variety of games, puzzles, videos and photos keeps kids interested on this site.

                                                  National Geographic Kids doesn’t organize learning into courses, making materials available by topic and medium instead. This makes National Geographic Kids a good option for those looking for a more casual learning environment.

                                                  24. Fun Brain

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                                                    Fun Brain is another good option for kids who want to learn online, but focuses on games and fun puzzles. Particularly focused on math and reading, Fun Brain’s game based approach can be valuable if the child in question struggles to pay attention.

                                                    Fun Brain offers rewards and challenges as well, and is another site aimed at a casual learning experience for kids K-8.

                                                    25. Whyville

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                                                      Similar to the sites for kids free online education is Whyville a destination for preteen online learning. The site includes a variety of social features, with a focus on learning materials geared for young teens.

                                                      Whyville also mixes in educational games, to make the site a well rounded option for kids too old for simple games, but too young for heavy reading based material.

                                                      More About Online Learning

                                                      Featured photo credit: Dai KE via unsplash.com

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