Debt comes in different shapes and sizes. Some people have outstanding loans, others have credit card bills and financing issues. The debt itself is not a bad thing if you can manage it well because paying off debts on time helps you build a healthy credit score.
However, a study carried out by The Office for National Statistics – which is carried out every two years – found that the average household debt in the UK has risen 9% to just over £9,000. This is a trend that has been discovered in many other countries.
Rising debt combined with fewer people saving as much could easily spiral out of control. If this sounds familiar, you need to adopt the best three debt management strategies in 2020. So, what are they?
The Snowball Reduction Method
When most people take out loans, they do it by calculating how much they are able to repay comfortably. By paying a little bit more over time on each payment, you can snowball your repayments and pay off the total debt quicker. Thus, saving you money on loan interest that can otherwise build up.
This method sounds simple enough, but to do it in the best possible way, Wonga has provided this free debt management guide to the snowballing method!
Consolidation Your Debts
If you are someone drowning in credit card debt, one of the best ways to escape multiple repayment requests each month and save money is by consolidating those debts into a single debt through a balance transfer. By moving all debt onto one credit card – also possible with loans – managing the debt becomes easier, but it is also possible to reduce the amount you repay each month.
The only downside to this method is that repayments usually last longer. Nevertheless, those repayments become more manageable and give you time to breathe.
Start Tracking Your Finances!
Even people not in debt are reluctant to look at their bank account when they know they have been financially irresponsible, so it is no surprise that those in a lot of debt do not want to confront their bank balance.
Yet, if you start making a financial action plan to pay off each of your debts, you can relax knowing that the challenge you face is possible by doing certain things. Knowledge is power – and it is just as true when dealing with debt.
To plan your finances, start by calculating your expenses, make a budget and keep track of everything in a spreadsheet that you update weekly.
What Else Can You Do?
If you are struggling with where to turn and need more information on these three debt management strategies, you can also look for free debt help groups, some of the best are discussed by UK money expert Martin Lewis here.
Designing Secure Commercial Spaces Without Compromising Aesthetics
In the realm of commercial design, security and aesthetics often seem like opposing forces. Business owners and designers alike grapple with the challenge of creating spaces that not only captivate and inspire but also ensure the safety and security of assets and occupants. The good news is that integrating security features into commercial spaces without sacrificing visual appeal is entirely achievable. This blog post will delve into innovative design strategies that harmonise security with aesthetics, including a look at the best deadlocks for front doors in Australia, ensuring your commercial space is both beautiful and fortified.
Embracing Technology for Seamless Security
Modern technology offers a plethora of options for discreet yet effective security measures. For instance, advanced surveillance systems can be integrated into the architectural design in a way that they blend seamlessly with the environment. Smart locks and biometric access controls offer robust security without the clunky hardware, maintaining a sleek and modern aesthetic. Implementing these technologies not only elevates the security level of your commercial space but does so without disrupting its design flow.
Strategic Use of Materials and Design Elements
The choice of materials and design elements plays a crucial role in balancing security and aesthetics. High-strength materials such as tempered or laminated glass, for example, offer excellent security without compromising on the visual openness that glass provides. Similarly, incorporating natural barriers like decorative boulders or planters can serve as subtle physical deterrents while enhancing the space’s visual appeal.
Lighting: A Dual-Purpose Tool
Lighting is another powerful tool that serves both aesthetic and security purposes. Well-planned lighting can highlight architectural features and create a welcoming atmosphere while ensuring visibility and deterring unauthorised access after hours. Motion-sensor lighting, in particular, can be a discreet addition that enhances security without detracting from the design.
The Role of Deadlocks in Aesthetic Security
A critical aspect of securing any commercial space is the choice of locks, especially for front doors which are the primary entry and exit points. Deadlocks offer a high level of security, making them an essential feature for commercial spaces. However, selecting the right deadlock doesn’t mean you have to settle for a utilitarian look. Today, the market offers a variety of deadlock designs that complement any aesthetic, from modern minimalist to classic elegance. For those in Australia, choosing the best deadlocks for front doors involves considering both the security features and how the lock’s design integrates with your commercial space’s overall look.
Collaboration Between Security Experts and Designers
Achieving a balance between security and aesthetics often requires a collaborative approach. Security experts and interior designers need to work hand in hand from the early stages of the design process. This collaboration ensures that security measures are not afterthoughts but are integrated into the design in a way that complements the space’s aesthetic appeal.
Ready to get started?
Designing secure commercial spaces without compromising aesthetics is not only possible but essential in today’s world. Remember, the goal is to integrate security seamlessly into the design, enhancing the user experience and ensuring peace of mind for both business owners and visitors. With thoughtful planning and collaboration, your commercial space can be a testament to the harmony that can exist between security and aesthetics.
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