Entries by Credit Direct

Achieving your Financial Goals

Financial Goals are the priorities and targets you set for how you want to spend and save your money. Some financial goals you might set as an individual include saving to buy a home or pay for rent, go on vacation, start a business, pay off debt, etc. When setting a financial goal, you must […]

Differences between Saving and Investing

Saving and Investing sometimes are used interchangeably but there are differences. Saving refers to putting money aside for future use rather than spending it immediately thus involving low risk and low returns while Investing refers to putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit. Below […]

Personal Finance – Why it is important

Personal Finance is defined as the management of money and financial decisions for a person or family including budgeting, income generation, investing, spending, saving, retirement planning and investments. We will be focusing on explaining the most important areas of personal finance. The most important areas are; Budgeting: This is a process of creating a plan […]

Top 5 Reasons to Apply For A Personal Loan

What is a Personal Loan? A personal loan is a type of unsecured loan issued by an individual, organization or other entities to a borrower (an individual or organization) and the borrower is liable to pay interest. This loan is paid back in monthly instalments over a period. Taking out a loan is greatly beneficial […]