Posted February 22nd, 2012
by Amber Cattanach
There are always new and developing programs and apps designed to help consumers manage their money better. However, using an organizational tool is only part of the responsible money management process. Here are some tips to help get your financial planning process kicked in to high gear.
Definitely embark down the road of a website or software to help organize accounts payable, accounts receivable, and also to break down your spending habits. When it comes to managing your money, naivete is the opposite of bliss.
Ditch the bad credit cards already! High interest rates and soaring APR are a vacuum for your bank account. Dont put up with it anymore. Your card should be rewarding you for spendingif it isnt, move it along.
Pay down your debts! Carrying a balance is not smiled upon, and it doesnt help your score whatsoever.
Consider allocating budget normally spent on things (i.e. cl
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Posted in Debt Consolidation
Posted February 15th, 2012
by Amber Cattanach
Recently, George Washington University released the first ever study to list the specific costs of being overweight and obese. They say its the first study ever to do so! Obesity is a major issue for our nation, so I combined the studys findings with other research to try to give a picture of the true cost of being obese:
As you can see, these are no small numbers. $2646 for men and $4879 for women annually. Thats enough to fund a retirement account or buy all your groceries or go on 2 or 3 vacations! Really makes you reconsider that 80 cent supersize doesnt it?
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Tags: Cost Posted in Debt Consolidation
Posted February 7th, 2012
by Amber Cattanach
What can you do if you are caught in a car you cannot afford? First, you’ll probably end up with an upside down car loan. Longer term loans, like the six-year loan in the example, are appealing to many people because it means a lower payment. Many car buyers believe it’s a way for them to buy more car without breaking the budget. The flip side of longer loans, though, is that while you do have a lower payment, you’re also building less equity. Especially with new cars, where the value drops so quickly after the purchase, the value of the vehicle is dropping faster than the balance due on the car loan, leaving you upside down.
Americans are in love with their cars, but at what cost? Here are a few sobering statistics:
- The average middle class family spends as much as 20% of their take home pay on car payments. That
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Tags: Car Loan, Loan Posted in Debt Consolidation
Posted January 14th, 2012
by Amber Cattanach
The previous year was really a very hard one for many people due to world economic recession and shocking financial crisis. As the result today the debt is the most burning and vital issue for most of us. The problem is that 30 percent of people are unable today to repay the debt money and the worse is that they don’t know how to get out of debt, how to get rid of this issue. First of all you should understand that the main cause of your problem is just a lack of knowledge. Of course loan is necessary and sometimes the only possible way to get out of difficult situation but you should remember that at the time you will have to repay the money.
It is not a problem today to take debt, the problem is to return money timely, to get out of debt as soon as possible. Unfortunately the year 2010 is going to be as complicated as the previous one and nobody will offer you a discount as all people eager to save their money. T
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Tags: Debt Posted in Debt Consolidation
Posted January 10th, 2012
by Amber Cattanach
While some take a lackadaisical approach to finance, its better to be prepared than passive. Here are some golden money rules to live by:
Track what you spend. Rounding up or estimating whats in the bank is a no-no. Know what youve got, where its going, and how to maximize it.
Be strict on yourself about what you actually need and what you want. People often confuse these! You do not need a $40 steak dinner, however, you need $40 in groceries.
Budget so that your salary isnt all dedicated to bills. Everyone from minimum wage to six-figures can have management problems and fail to make ends meet.
Blame no one but yourself for financial hardshippeople must adjust their spending to their circumstances. Its not your boss fault if you cant pay your bills.
Pay your taxes on time, and itemize whatever you can. Deductions may be smallbut they add up!
Tags: Live, Money Rules Posted in Debt Consolidation