• Sat, December 14, 2024

by: Business Daily Africa

Lifeline or trap? Should I take out a loan at 26pc interest to clear rent arrears and pay fees?

I want to use this loan to pay off my rent arrears of Sh43,000, pay my son's Sh51,000 school fees (he is joining grade one and I want to pay a full year at a private school), pay my niece's fees arrears of Sh14,000, and buy three sheep for my mom at Sh8,000 to Sh11,000 each in the village.

by: Business Standard

Assam CM lays foundation for 220 crore Jorhat town water supply scheme

Assam Chief Minister Himanta Biswa Sarma laid the foundation stone for the Jorhat town water supply scheme and also launched a series of transformative initiatives, aimed at fostering growth and progress in Jorhat district.

by: Parkersburg News and Sentinel

Foundations: Blair looks back at tenure leading West Virginia Senate

Beginning with his time a Senate Finance Committee chairman ... and we moved at the speed of business, not at the speed the government." But Blair was defeated in May by Hedgesville attorney and West Virginia National Guard officer Tom Willis in a ...

by: THE WEEK

The most and least environmentally friendly countries of 2024

New rankings in almost all of these metrics were released in 2024, highlighting the latest countries at the top and bottom of the sustainability pyramid. Estonia ranked the highest in the 2024 EPI, jumping from 14th place in 2022.

by: businesstech.co.za

The taxman is not going anywhere this festive season

As South Africans prepare to close the year, the South African Revenue Service (SARS) is turning up the heat on tax evaders. This is the heads-up given from Tax Consulting SA, who said that the recent search-and-seizure operation of Shauwn Mkhize and others sends a stern message: "SARS is watching, and it will act."

by: wfft

DeKalb High School teacher receives national Milken Educator Award

WATERLOO, Ind. (WFFT) — A DeKalb High School teacher has received a national award and made district history. Business teacher Ashley Johnson was presented with the Milken Educator Award along with a $25,000 cash prize on Friday during a schoolwide assembly.

by: moneycontrol.com

Cashback vs. rewards credit cards: Which one suits you best?

Cashback cards are great for those who prefer straightforward savings on everyday purchases, while reward cards appeal to those who enjoy travel and premium perks.

by: The Royal Gazette

No more running up credit card bills

Dear Dave, A friend told me about your Baby Steps plan, and after years of living paycheque to paycheque and running up credit card bills, I'm ready to get control of my finances. I just have one

by: Business Insider

Elon Musk's support for Trump has created a hot Etsy side hustle for this aquarium worker

Matthew Hiller sells bumper stickers on Etsy to disgruntled Tesla owners who don't agree with Elon Musk's views and support for the president-elect.

by: News Tribune

Canada tax holiday begins Dec. 14. Can WA residents do some tax-free holiday shopping?

Canada won't charge federal sales tax on several holiday essentials as well as food and drinks. Here's how it affects WA.

by: Oregonian

Liz Weston: What's the difference between a home equity line of credit and home equity loans?

Answer: That depends on what you mean by "home equity account."

by: Fortune

Trump eyes privatizing US Postal Service, Washington Post says

USPS lost $9.5 billion in the financial year ended Sept. 30, amid a decline in mail volume and slower-than-anticipated parcel shipping.

by: Bloomberg L.P.

What If Trump Makes Prices Go Down Everywhere but the US?

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets,

by: Arabian Business

Saudi Arabia's PIF acquires 15% share in Heathrow Airport

Saudi Arabia's Public Investment Fund (PIF) has announced it has completed the acquisition of a stake of approximately 15 per cent in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd ., from Ferrovial SE and certain other FGP TopCo shareholders.

by: The Daily Telegraph

London Stock Exchange is 'deeply uncompetitive', warns former chief

Britain's stock market has become "deeply uncompetitive" and risks driving more companies to the US, the former head of the exchange has warned. Xavier Rolet, who ran the London Stock Exchange Group from 2009 until 2017, said there is a "real ...

by: Forbes

Fed Dollar 'Crisis' Warning Spurs Sudden $100,000 Bitcoin Price Surge

The influential billionaire investor Ray Dalio warned of a looming "debt crisis" which he expects will trigger a decline of U.S. dollar

by: Wall Street Journal

The Week CEOs Bent the Knee to Trump

When Donald Trump arrived at the New York Stock Exchange this week for a postelection victory lap, dozens of influential executives lined up to catch a glimpse of the man who holds the future of their businesses in his hands.

by: AOL

Sixers injury woes worsen with Rookie of the Year candidate Jared McCain out indefinitely

Rookie guard Jared McCain, a top candidate for Rookie of the Year honors, sustained a lateral meniscus tear in his left knee on Friday and will require surgery that knocks him out indefinitely, the Sixers announced.

by: Arabian Business

UAE Lottery results: Check winning numbers for $27m prize draw

The historic draw is the first federally licensed lottery in the region and is operated by The Game LLC under licence from the General Commercial Gaming Regulatory Authority (GCGRA). It offered residents aged 18 and above multiple ways to win cash prizes ...

by: Business Insider

Frank McCourt, the billionaire who wants to buy TikTok, says the path to a sale is murky because 'we don't know what ByteDance is selling'

Frank McCourt, a billionaire who wants to buy TikTok, told BI that the details of a potential sale of the app are made murky by ByteDance's secrecy.

by: Forbes

3 Master's Degrees That Pay $250,000+ In 2025

There's been an increase of 18% in the number of remote jobs with salaries at $250,000 and above. Here are three master's degrees to study in 2025 to land these roles.

by: Business Insider

Why more companies are looking to buy bitcoin

MicroStrategy's bet on bitcoin has fueled a wild rally in the shares of the business software company — and it's driving more companies to copy the strategy. MicroStrategy's crypto playbook has catapulted its stock up 501% this year. Though its core ...

by: Arabian Business

Retail trends 2025: TikTok shopping, AI-powered stores, instant deliveries and online groceries coming soon

A look ahead to 2025 reveals major changes ahead for the retail industry. Get the lowdown on 10 industry trends changing the way we shop

by: Yahoo Finance

Unleash your financial potential with a plan

Wherever you are on your investing journey, Yahoo Finance has a plan designed to help you reach your goals. When you start your plan, you invest in yourself by unlocking enhanced financial news ...

by: Yahoo Finance

Stock market today: Wall Street ends mixed after a bumpy week

Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The benchmark index posted a loss for the week, its first after three straight weekly gains.

by: The Motley Fool

Could Buying SoFi Stock Today Set You Up for Life?

If you invest enough money in SoFi stock, it could be a strong element of a well-diversified portfolio and help set you up for life. I don't recommend putting all your eggs in one basket, but I do recommend buying SoFi stock and holding it for many years.

by: Business Insider

Worries of a Fed policy mistake are growing amid a hot economy and sticky inflation

The fear among some commentators is that the Fed is cutting rates in a hot economy with inflation above target, raising the risk it has to hike again.

by: The Motley Fool

3 Facts About Peloton You Must Know Before Buying the Stock

However, there's been a bit of a resurgence. This consumer discretionary stock has soared 219% in just over seven months, as it aims to win back investors. Before you decide to ride the momentum and buy Peloton, here are three things you need to know.

by: The Motley Fool

Artificial Intelligence (AI) Cloud Spending Is Set to Surge Once Again in 2025. Here's 1 Stock to Buy Before That Happens.

Artificial Intelligence (AI) Cloud Spending Is Set to Surge Once Again in 2025. Here's 1 Stock to Buy Before That Happens.

by: MSN

Western Digital executive departure may be viewed negatively, says Citi

Citi analyst Asiya Merchant says the departure of Robert Soderbery, Western Digital's (WDC) GM of the Flash Business, may come as a surprise to

by: MSN

Private business profits from land deal with Glasgow, records show

A recent land transaction between a private business and the city of Glasgow resulted in a profit for the business, which sold a portion of the land for more than it initially paid, WBKO Investigates has learned.

by: MSN

'We're a business for the community': Big Frog Custom T-Shirts opens first Stockton store

Big Frog Custom T-Shirts & More recently opened its first Stockton store. Here's what to know about the Miracle Mile's business.

by: MSN

Prediction: This Under-The-Radar Opportunity Will Be the Most Important Part of Palantir's Business in 2025

The launch of the Palantir Artificial Intelligence Platform (AIP) in 2023 has fueled new opportunities for the company, but one area seems to be flying under the radar.

by: MSN

Mary Barra Says GM Is "Goal-Aligned" With Trump Despite Looming Tariff Nightmare

GM's CEO admitted proposed tariffs on cars imported from Mexico and Canada would have a big impact, but said president and automaker shared some ambitions

by: MSN

The rise and fall and rise again of Bitcoin

Now his re-election has sent the volatile price of Bitcoin sky-high. These days, he's known as 37244-510. Not quite as catchy as SBF, the three-letter acronym mentioned in hushed tones back when he was revered as the richest man in the crypto sphere.

by: MSN

Hawaii to be hit with higher prices as businesses brace for tariffs, experts say

The incoming Trump administration will implement sweeping policy changes, including tariffs and federal spending cuts.

by: MSN

Time is Running Out to File Your BOI Form

The deadline for filing the Beneficial Ownership Requirement form is quickly approaching for small business owners. Courtney Kincaid, the President and CEO of the Indiana CPA Society, says the deadline to file for many businesses is December 31.

by: MSN

Costco flags an unexpected shift in customer behavior

Costco (COST) appears to go viral on social media every week. Whether it's because of its popular food court items, eye-catching deals, or "apocalypse" emergency food buckets, the increased social momentum surrounding Costco is translating into a boost in profits and sales.

by: MSN

How a NJ mom turned a failed beach bag into a $100 million a year business

New Jersey mom Kim Vaccarella started a side hustle after deciding to create a suitable and easy-to-clean beach bag. However, after a botched shipment in 2011 of over 1,000 bags for $30,000, Kim had given up on her business -- but then was given a lifeline three years later in the form of a $120,

by: MSN

1 Warning Before You Buy This Cathie Wood Stock

Ark Invest's focus on owning innovative and disruptive businesses has made its founder and CEO Cathie Wood a closely followed investment professional. Someone looking to put some money into the stock market might follow her trading moves to find potential investment ideas.

by: MSN

Understanding Fascism Requires Understanding Economic Forces

In the Marx Brothers' 1933 comedy Duck Soup, a strongman is named president of the fictional country of Freedonia. Chaos ensues, culminating in a war with the neighboring country of Sylvania. The film satirizes politics and war in the classic Marx Brothers fashion.

by: MSN

KLEIN: Winnipeg needs a department of government efficiency

Both Winnipeg and Manitoba are at a crossroads. Rising taxes, ballooning government debt, and a public sector unwilling to adapt to the economic realities faced by taxpayers have led us to this moment of reckoning.

by: MSN

ExxonMobil's Bold Plan Positions It to Produce Another $30 Billion in Annual Cash Flow by 2030

ExxonMobil (NYSE: XOM) is already the undisputed leader among international oil companies. The oil giant delivered industry-leading earnings, cash flow, and shareholder returns during the third quarter.

by: MSN

3 Things You Need to Know If You Buy Block Stock Today

Investors are likely familiar with Block (NYSE: SQ), the budding payments and technology enterprise. It caters to merchants with its Square platform, while Cash App targets individuals. Growth has been outstanding historically,

by: MSN

CD, Checking, and Savings Rates Today: Explore Today's Best Rates

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, and CD accounts to help you maximize your earnings.

by: MSN

My husband and I paid for our kids' music lessons. They made enough money as street performers to fund their dream trips.

Our kids wanted to travel, so we made them pay for it. Here's how busking helped them earn enough for trips to Denmark and the Galápagos Islands.

by: MSN

Confidence in Canada's fiscal health is 'eroding,' says business group president

The president of the Business Council of Canada (BCC) says the business community's confidence in the federal government's picture of Canada's fiscal health is "eroding" and suggests federal finances are "almost being manipulated.

by: MSN

Mind Over Money: From portrait sketching to behavioural science: The multifaceted life of Ajit Menon

Ajit Menon, CEO of PGIM India Mutual Fund, discusses his approach to leadership, emphasizing holistic well-being, creativity, and a culture of trust. He shares his personal passions, including portrait sketching and singing,

Lifeline or trap? Should I take out a loan at 26pc interest to clear rent arrears and pay fees?

I want to use this loan to pay off my rent arrears of Sh43,000, pay my son's Sh51,000 school fees (he is joining grade one and I want to pay a full year at a private school), pay my niece's fees arrears of Sh14,000, and buy three sheep for my mom at Sh8,000 to Sh11,000 each in the village.
The article from Business Daily Africa discusses the dilemma of whether to take out a loan with a high interest rate of 26% to pay for school fees. It outlines the financial implications of such a decision, highlighting the burden of high interest rates on future financial stability. The piece advises considering alternative funding options like scholarships, bursaries, or negotiating payment plans with educational institutions. It also emphasizes the importance of understanding the full cost of the loan, including interest over time, and suggests exploring lower interest rate loans or family contributions. The article concludes by recommending a thorough financial assessment and possibly consulting with a financial advisor before making such a significant financial commitment.

Read the Full Business Daily Africa Article at:
https://www.businessdailyafrica.com/bd/lifestyle/personal-finance/should-i-take-out-a-loan-at-26pc-interest-to-pay-fees-4856268

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