Know your credit card better

Generally speaking, a credit card is used to make purchases with money you don’t actually have. This isn’t necessarily a bad thing – you may be using it as a loan to bridge you to payday, or to spread the cost of something expensive. What is the APR? All credit cards will have an APR – Annual Percentage Rate. This is the rate at which you will accrue interest on the card. The lower the…

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For the love of gold!

In the month of August, gold breached the $1500 per ounce ceiling in the first time in over six years.  With the breach of this critical psychological barrier, the sky seems to be the limit for the precious metal. Amid the rising clamour of an economic slowdown and fear of global recession, the yellow metal is trending once again as a safe haven for investors. With political and economic instability in developed countries and higher…

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