Cut up Credit Cards?

Posted June 19th, 2009 by Kent and filed in Debt
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Should Cut Credit Cards?

creditcardsalamy_468x306Wouldn’t nice youDidn’t he credit cards. credit card debt ft place. Unfortunately high-tech, electronic age, ey family purpose credit card. rent car, book hotel room, purchase airline tickets or internet phone.

However, habit paying card ey month, complete balance. io building me debt. Remember only credit card.

If can’t control it, here’s me te se time think. coffee fl half fl water. Freeze it, credit card ice add water fl top. Freeze again. time you’re tempted yr credit card thaw time decide notreally did.

So things, oy credit card pay ey month.

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Dave Ramsey Debunks Some Debt Myths

Posted June 12th, 2009 by Kent and filed in Debt
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I ry enjoy Dave Ramsey video debunks se debt myths. he 10 minutes sit listen ts you’ll gain gt knowledge. enjoy learn sg today…

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Financial Warnings

Posted June 10th, 2009 by Kent and filed in Debt
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Warnings Signs Impending Financial Trouble

Here warning signs alert ft getting close financial trouble.

  • Not paying bills time
  • Writing checks waiting mail them
  • Rarely balancing checking account
  • Taking cash advances credit lines individuals
  • Accepting additional credit cards
  • Paying minimum charge accounts
  • Bouncing checks
  • Borrowing family friends

If debt nothappen overnight. won’t easy debt time persistence. check signs fall io category step bk prepare me forward conquer debt problem.

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10 Habits to Develop for Financial Stability and Success

Posted June 8th, 2009 by Kent and filed in Debt
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favorite sites zenhabbits and Leo Babauta shares gt financial tips. gg republish articles here. called:

10 Habits Develop Financial Stability Success

Just le goal, getting yr finances stable financially successful requires development financial habits. I’ve researching ts topic extensively ys quest eliminate debt, increase savings increase financial security family. I’ll speak habits individually, list tm summary (I know, I’m compulsive list-maker).

Here ty are, particular order:

  1. Make savings automagical. Ts sd priority, especially don’t he solid emergency fund yet. ft bl pay eh payday, hg set at automatically transferred fm checking account yr savings (try onlinesavings account). Don’t consider ts transaction — jt se happens, ey payday.
  2. Control impulse spending. biggest us. Impulse spending, eating shopping andon webpurchases, massive drain finances, biggest budget breaker many, se dire financial straits. See Monitor Your Impulse Spending me tips.
  3. Evaluate expenses, live frugally. you’ve nr tracked yr expenses, try theOne Month Challenge. evaluate you’re spending yr money, cut reduce. Decide expense istotallynecessary, then eliminate the unnecessary. See How I Save Money more. read 30 ways to save $1 a day.
  4. Invest yr future. you’re young, probably don’t consider retirement much. it’s important. as plan retirement later, now. growth yr investments time wl incredible youbegin yr 20s. Start increasing 401(k) maximum company’s match, that’s available you. that, ideal bet probably Roth IRA. aTiny research, do,begin now!
  5. Keep family secure. step save emergency fund, happens, you’ve money. he spouse and/or dependents, sd definitely life insurance wl — soon possible! Ao research insurance, homeowner’s renter’s insurance.
  6. Eliminate avoid debt. you’ve credit cards, personal loans, sh debt, tobegin debt elimination plan. List debts arrange tm or fm st balance largest bottom. focus debt top, putting it, it’s $40-50 extra (more better). tt at paid off, celebrate! te total paying (say $70 minimum payment plus $50 extra total $120) add minimum payment nt largest debt. Continue process, wh extra snowballing along, ul pay yr debts. years, it’s vy rewarding process, necessary.
  7. Use envelope system. simple sm kp track mh money you’ve spending. Let’s set aside amounts budget eh payday — gas, groceries, eating out. Withdraw te amounts payday, separate envelopes. Tt way, easily track mh he left expenses, wn run money, kw immediately. don’t overspend categories. regularly run fast, rethink budget.
  8. Pay bills immediately, automagically. gd habit pay bills soon in. Also, mh possible, try bills paid th automatic deduction. can’t, bank’s onlinecheck regular automatic payments. way, regular expenses budget care of.
  9. Read at personal finances. me educate yourself, thesuperior yr finances be.
  10. Look grow yr net worth. improve yr net worth, er reducing debt, increasing savings, increasing income, above. Look me money, paid me do. course months, calculate net worth month, you’ll grow. tt feels great.
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Accelerating Debt Payoff

Posted May 28th, 2009 by Kent and filed in Debt
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starbuckscoffee

Paying Debt Quickly

In post discussed accelerate yr debt reduction setting emergency fund listing yr debts fm largest startgetting rid yr debts.

The step extra money accelerate yr debt payoff. fd extra money tt speed process debt free.

In tips section covered couple suggestionsto save money, theserecommendations we completefix jobs house drive yr automobile life car. 

In nt posts wt discuss te help accelerate payoff. he added couple started thinking at ws save money.

Remember stop feeding debt, stop spending credit cards pay cash you’re buy. spending cash aware you’re spending, you’re keeping record yr spending writing wl tend buy wl avoid impulse buying.

  1. Take lunch wk don’t eat out. cut bk eating expenses doing this.
  2. If coffee drinker Starbuck’s thing, stop daily visit coffee thermos work.

Figure money saving apply tt payment lowest bill. you’ve pay off, depending size.

Take baby steps Todayand commitment save money daily habits.

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