There’s more to it than just making the monthly payments.
Are you someone who’s scared to look at your checkbook balance and open your credit card statements? If there’s a long trail of unread mails in your inbox from the credit card companies and you know that you’ve accrued hefty interest charges and fees, you might be the best candidate for combining your debts into a single monthly payment through a loan. Continue reading
Yet another article confirms what I’ve always suspected about the relationship between how you “feel” about debt and motivation to be debt-free: Until you get mad about your debt, it’s tough to make the necessary changes and sacrifices.
A large unexpected expense or a sudden drop in your income can leave you searching for quick access to cash. After watching a commercial full of friendly smiling faces, you may consider picking up your car keys and running down to your local payday or title loan company to get the cash you need. STOP!
If you were considering loaning money to a friend, you would probably make a quick evaluation of how likely he is to pay you back. Potential lenders want to do the same, but since they don’t know you personally, they need a more standardized way to evaluate your repayment risk. That is where your credit score comes into play. Continue reading
“I need this adorable purse!” “I need to go to Starbucks to get my coffee before we hit the road.” In a consumer driven society, we do a great job at tricking ourselves into thinking that we really need something when in fact, we really don’t. Continue reading
I want to save more money. I want to pay my new car off this year. I want to save to put a down payment on a house in two years. It is a new year which brings about the tradition of making the list of things you want to accomplish this year. Unfortunately, by the time you read this, about 1/3 of you will already have given up on your New Year’s resolutions. Continue reading
You are watching your favorite show on T.V. and see a commercial that peaks your interest. “Do you have credit problems?” You think, “Why yes, I do!” The commercial continues, “No problem! We can erase your bad credit history forever and you can start all over!” How convenient does that sound! Of course there is a small fee associated with this magic credit eraser. You think to yourself the fee is worth having good credit again.
I am here to break the sad truth; this is a very popular credit repair scam. No one has the power to just create new credit identities. If you have poor credit history, then only time and your effort are the only things to rebuild your credit. Continue reading
There it is again. That ugly four letter “d” word that seems to loom over you every day. According to a CBS Money Report in August 2012, the average consumer credit card debt is hovering just below $5000. With a minimum payment of $100, or 2% of the card balance, and an interest rate of 9%, that would take 16 years to pay off! Add that on top of any other debts that you may have, and whoa! Things seem to be out of your control. With a little planning and a lot of effort, you can take back control and give debt the boot. Continue reading
“Where did all my money go?” “How did I go through my paycheck already?” Often times, we find ourselves staring at our bank account balance wide-eyed wondering what we spent our money on. Wondering where our money went is often a warning sign letting us know that we need to regain control of our financial situation. So how do we figure out where our money is going? Continue reading
Throughout your life, you will set long term goals for yourself and your family. Having long term goals is important. It defines your path to success and helps give meaning to your life.
Long Term Goals Are The Keys To Success
“What do I want to be when you grow up?” As a child, from time-to-time, all of us pondered that question. You may have dreamed up an answer to that question by picturing yourself in an important line of work; as a scientist conducting laboratory research, as a police officer protecting the lives of citizens, or as a professional athlete scoring the game winning point for your team. Continue reading