Seven Ways to Make Debt Consolidation Work
Making Debt Consolidation Work
Debt Consolidation can be a great way to dig yourself out of debt. Following the following tips can make your experience a bit easier and more rewarding.
The most important thing to keep in mind is that Debt Consolidation isn’t an overnight fix and will take time and patience to make it successful.
Hence the number one tip about how to make Debt Consolidation work:
1. Remain patient. For many of us wanting to repay our debt there is no quick or easy way to do it. The act of debt consolidation can be tedious and time consuming. Just remember to keep your efforts and your spirits up because at the end of it all your goal is to be as debt free as possible. The reward is well worth the wait. Continue reading “Seven Ways to Make Debt Consolidation Work” »
Debt Repayment Options Made Simple
Guide to Debt Repayment Options – The Just About All You’ll Ever Need to Know Version
One of the most talked about, written about and thought about financial topics in this country is, and has been since its founding, the best way to get out of debt (and then, hopefully, stay out of debt). Yet for all of the tongue wagging, ink wasting, and energy squandering on this endeavor, most American still have an extremely poor, if not completely mistaken, idea of what options they have available to them when they are ready to repay excessive consumer debts. Continue reading “Debt Repayment Options Made Simple” »
To Bank or Not to Bank? Is THAT the real question?
I recently met with a couple who were dead set against ever having a checking account again. It’s not that they didn’t understand the value of a checking account but that they had gotten themselves into trouble writing checks for more money than their account had.
They have decided to use cash only or, only if required in the future, use a prepaid card. For them, seeing their money was they only way of knowing how much they had left to spend until the next paycheck. Continue reading “To Bank or Not to Bank? Is THAT the real question?” »
Control Your Credit – US Treasury Debt Management Game
This has to be one of the most unique games I’ve seen that is aimed at teaching debt management principals.
You begin by checking into the “Bad Credit Hotel” and mouse through a series of actions that offer you tips and suggestions on how to manage your debt and handle certain scenarios.
Depending on your internet speed the game can take a bit to load and can require a bit of patience but in my opinion it is worth the wait. Continue reading “Control Your Credit – US Treasury Debt Management Game” »
Credit Card Relief
In desperate need of relief from your overwhelming credit card debt? Truth is your not alone.
Things can tend to spiral out of control when your credit cards are at their maximum and you find yourself paying more and more towards interest and less towards the balance of the cards.
Relief can come in various forms and not all will require you to seek outside help. Continue reading “Credit Card Relief” »
Financial Resource of the Week – My Money Management Calculators
While researching personal money management calculators I came across the website www.mymoneymanagement.net and thought I would share them with you.
My Money Management is described on their website as:
“At My Money Management, our mission is to help you prosper by knowing how to make sound financial choices. We’ve collected some of the best information, tools and resources to tackle challenges like foreclosure and managing debt…” Continue reading “Financial Resource of the Week – My Money Management Calculators” »
Teaching Children Finances – Budgeting Worksheet for Children
Budgeting is a valuable lesson that we can teach our children at an early age.
We can begin by creating an allowance and helping teach money management values through various hands on examples.
MoneyandStuff.info is self described on their website as a free financial resource from the financial experts at Ohio’s Credit Unions.
They’ve created a budgeting worksheet for children, as well as teens and adults. You can view and download the ‘Sample Monthly Budget for Kids’ by Clicking Here.
The worksheet is simple and helps a child identify what their ‘wants’ are and what is needed to reach their goal. The worksheet also asks the child to identify why they want something, which can lead to critical thinking such as ‘Is this worth it to me?’ Continue reading “Teaching Children Finances – Budgeting Worksheet for Children” »
Plastic or Cash?
With all the talk about the dangers of credit cards, it might be easy to decide to bury your Visa, MasterCard, American Express or Discover cards in your back yard and just stick with your debit card instead.
Before doing so, you should be aware that studies have indicated that regardless of whether you use a credit card or a debit card, you still spend about 12% more than you would have if you were to use cash or a check. Continue reading “Plastic or Cash?” »
Debt Consolidation – Care for Your Finances
If you are like one of the millions of consumers feeling trapped in mounting credit card debt, underwater mortgages or are feeling afflicted by other numerous financial problems and are looking for a sound method of repaying your debt without filing for bankruptcy, Debt Consolidation may be a wise choice.
Continue reading “Debt Consolidation – Care for Your Finances” »
Teaching Children Finances – School House Rock! (Money Rock)
School House Rock, for those of us who might not remember, was an animated series of educational messages about various topics ranging from Multiplication Rock to Computer Rock and has spanned four decades on television beginning in 1972 and ended in 2000. Continue reading “Teaching Children Finances – School House Rock! (Money Rock)” »