A budget expert shares her advice

Kumiko Love was getting ready for the 2018 holiday season when she noticed something alarming — she was still paying off debt from last Christmas. “I was doing a lot of impulse shopping — a lot of guilt spending because, at that time, I was a newly-divorced single mom and I had a lot of…

How Sinking Funds Can Help You Avoid Debt

Key takeaways A sinking fund is money saved for an expected expense, so you have funds reserved for that purpose. Sinking funds can help you create healthy financial habits. You can build a sinking fund while paying off debt. Track your expenses and build a budget before implementing sinking funds into your financial plan. ……

Africa: Former African Heads of State Sign Cape Town Declaration Calling for Urgent Debt Relief for Developing Countries

Cape Town, South Africa — Eight former African Heads of State and Government have signed the Cape Town Declaration, calling for critical debt relief for highly indebted nations and advocating for lower borrowing costs for all developing countries. The declaration was signed at the launch of the African Leaders Debt Relief Initiative (ALDRI), which reflects…

OPEN BOOK: Gambling Addiction, What Debt Do We Owe?

In the second article of our occasional series “Open Book”, a democratic platform we offer out-of-industry commentators, Grace Graham-Taylor looks at the contentious issue of gambling addiction. In the summer of 2021, Luke Ashton, a husband and father-of-two from Leicester, England, took his own life, writes Grace Graham-Taylor. Unbeknown to his family, in the preceding…