Credit Card Debt

Credit Card Debt

How to Get Out of Credit Card Debt – Let Me Count the Ways

When your credit card bill (s) come in, do you wonder how you will be able to make even the minimum payment? Does it seem like the balances on those cards never goes down? You’re not alone.

As long as you continue to pay just the minimum payment called for, you’ll be paying on those cards for 20 years or more. We’ll show you how to get out of credit card debt and stay out.

Credit cards used wisely and paid in full each month, can be a big help. But for many, the temptation to buy things you can’t afford, is too great, and soon the card is maxed out, and so is the ability to repay.

If you’re serious about eliminating credit card debt, then read on. It will take serious planning, a lot of discipline, and sacrifices to do this. The first thing that you must do is to know exactly what you have to deal with. View full post…

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10 New Business Mistakes That Can Spell Trouble

10 New Business Mistakes That Can Spell Trouble

10 New Business Mistakes that Can Get You Into Trouble

Thinking of starting your own business? Are you self-motivated in such a way that you’ll put in the long hours necessary to succeed? If so, you may have what it takes to prevent new business mistakes from becoming a bad habit.

Unfortunately, some individuals have the misconception that becoming financially independent can be accomplished in a short period of time. Well, I suppose its possible, but for most, they quickly learn the business facts of life.

Operating your own business can be very rewarding such as being your own boss, but there are a number of things that you have to comply with if you want to stay in business. The primary one is paying the various taxes that are required.

This is one area where a new business owner needs to consult an experienced, qualified accountant before setting up a business entity. A lot depends on the type of business and how to structure it so that overall taxes can be minimized.

In my state, a few years ago, the LLC designation was added to the state level types of organizations. Practically every new View full post…

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How to Get Rid of Credit Card Debt

How to Get Rid of Credit Card Debt

5 Ways on How to Get Rid of Credit Card Debt

Each month, when all of those dreaded statements come in for your charges to those plastic cards in your wallet, your card issuer usually lets you know that you don’t need to payoff the balance. “Just pay this minimum payment”, they tell you, and before you know it, you have a high outstanding balance. Now you begin to wonder how to get rid of credit card debt.

Unfortunately, now it’s not so easy. For some individuals, there may have been a good reason why they only paid the minimum payment each month. Problems such as unforeseen medical cost, or the family car passed away, or even loss of a job.

But for many others, it was just poor cash management. They didn’t have View full post…

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Refinance With Bad Credit

Refinance With Bad Credit

Can You Refinance with Bad Credit

There are a few programs available, such as the Federal Housing Authority (FHA) and the Home Affordable Refinance Program (HARP) that have options for individuals with bad credit. These programs are not based on your credit score, and they don’t even require a credit check. Yes, you can refinance with bad credit.

Another organization, the U.S Department of Veterans Affairs (VA), offers mortgage refinancing to individuals who have bad credit. These are done through various lenders who determine their own requirements, and will vary by the lender.

Some of the statistics from August 2017 bear this out. Ellie Mae View full post…

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Living On a Budget Without Overspending

Overspending. Who Me? Try Living On a Budget.

Living on a budgedMost of us have asked ourselves that question on numerous occasions, sometimes in disbelief. We never dreamed that it would be possible, until we look at our credit card balances that have been slowly increasing. Would living on a budget prevent that?

Usually, overspending is not a conscious effort. It could start with something as simple as meeting friends on the way to work for a latte. Your cash is spent so you just charge the drink, no big deal.

A couple of times during the week, the same friends suggest that you have dinner with them. You are shocked when the credit card bill arrives and you add up those unplanned charges that total $320.00.

You didn’t realize how easy it was to overspend without being aware of it.  Now how do you tell your friends that you can’t View full post…

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Money Management Software

3 Reasons Why You Should Be Using Money Management Software

Money management software is a big help in budgetingWe’ve found that many individuals have financial problems due to a lack of understanding in the best way to manage their money. Quite often, they make mistakes that prove to be quite costly, especially when it involves an increase in debt. Money management software can be a big help in many cases.

There are several reasons that these individuals get into financial distress.

    • Some don’t know how to control their spending due to credit card mis-use. They see items they want and charge it to a credit card. Before too long, the credit cards are maxed out and just paying the minimum balance is very difficult.

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Do I Need a Credit Card

Is a Credit Card Something I Need to Have?

Do I really need a credit card?Have you ever wondered if you really need a credit card? I can hear some saying, this guy must be nuts, who can live without at least one credit card?  There are some though, who are highly disciplined and won’t have a credit card in their wallet.

This can be a mistake, however, because with proper use of a credit card, you can build a strong credit score. We’ll give you some tips about credit cards and credit score, and for the very few of you, some advice to consider.

Do I really need to have a credit card?

We all have different wants and needs as well as personal lifestyles, so on to the answer to the above question. There are some who have managed their finances very well for many years and have not used a credit card. They don’t expect their situation to change, and have even saved a tidy sum for possible View full post…

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Disposable Credit Cards

Disposable Credit Cards – A Smart Money Choice

Use disposable credit cards Disposable credit cards are also known as pre-paid cards.  Pre-paid cards do not require good credit to get.  In fact, these credit cards are not even linked to your credit report.  There are multiple cards to choose from; grocery stores, gas stations, pharmacies, Walmart, and Target all carry them.  Pick which one suits your needs, load money and use it wherever they are accepted.

Disposable credit cards are handy when traveling.  I’ve had my credit card number stolen before while traveling so I now go to great lengths to protect myself and my financial information.

These are great options for children or adults that are beginning their journey into learning money management.  While they will not help you build credit, they will not hurt your credit. View full post…

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How To Make A Budget

How to Make a Budget – 5 Easy Steps

How to make a budgetI overheard an acquaintance saying that she had no clue as to how to make a budget, and if she did, it wouldn’t work anyway. Knowing that she was incorrect, I was ready to put my two cents in, until I thought back to the first time I tried to create a budget .

I can still recall the first one that I tackled. I was really into it and bought a calculator and various office supplies to get it on down on paper, I was determined to create a budget that would work, and set it up with over 35 different income and expense categories. All that week, I saved my receipts for every little thing that I bought and at night I entered them in the appropriate categories.

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Learn How to Manage Your Money

How to Manage Your Money and Take Control of Your Spending

Learn how to manage your moneyThere are a few simple steps for you to learn how to manage your money. To begin with, you need to understand that you’re in charge and not your bills. Take the time to find out exactly how your money is spent.

Most individuals can only guess where their money goes after they pay their fixed expenses such as the mortgage or rent, utilities, auto payment, and perhaps a student loan. If you want to take control of your spending and also get your debt under control, you must identify your spending patterns. Then learn how to manage your money by re-allocating funds that are spent on items that are unnecessary.

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