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| Author: |
Jeremy User |
Created: |
1/17/2008 10:49 AM |
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| Every year more and more Americans go deeper in debt. Our Debt Consolidation Blog will help bring answers and tips to your debt issues. |
By Jeremy User on
2/27/2008 10:31 AM
Many Americans eat out on a weekly basis. With more mothers in the workforce working more hours, it gives them less time to cook at home. The same holds true for fathers who cook at home. It's all about a time issue. So does it really cost more or less to eat at home? And can you stay out of debt by eating in, especially after getting off a debt consolidation plan? This has been debated many times, and it all comes down to lifestyle.
Taking an hour to prep and cook and another hour to sit and enjoy the meal and clean up afterwards, you are looking at two hours spent. For many families this is too long. Kids have many activities that they are involved in these days. So they eat out more often than eating home.
The costs of eating in can sometimes be more than eating out. it comes down to choices and what you are willing to eat. For some palettes, they will spend up to $15 on a steak at the supermarket ...
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By Jeremy User on
2/20/2008 9:57 AM
We wanted to get our readers some information and ideas on what you can do with your tax refunds.
1. Set up an emergency fund. At a minimum, you need 2-3 months of living expenses set aside as a base-level start to a good financial plan. Ideally, you'd have six months, but if you don't have 2-3 months, this would be the first place I'd suggest you save your money.
2. Contribute more to your employer-sponsored retirement plan. If you're not getting your employer's full match in your 401k, put your refund in here to be sure you get it. It's hard to beat a 50% or 100% return on your money (which is what you get when the money is matched.)
3. Invest for retirement in an IRA. In particular, a Roth IRA. And if you have enough to get your entire 401k match made, fully fund a Roth IRA and still have some savings left over, then finish out the 401k until it's maxed out. Then you can m ...
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By Jeremy User on
2/13/2008 10:19 AM
Most Americans find it difficult to get out of debt. Especially if you are doing it on your own. If you choose not to go with a debt consolidation company to fix your financial woes, you still might need a little boost of encouragement, tips and advise.
Tricia, who owns a blog at Bloggin Away Debt, is a typical American in debt. She blogs about her debt and what she is doing to get rid of it. Tricia offers great advise, tips as well as rants about her financial recovery. One of her more recent posts should give you a boost of encouragement. She has cut her debt in half in about a year.
Finding site's like Tricia is a great way to start on your road to financial recovery. Inspiration can go a long way. Don't get discourage, stick to your plan, and you too can start to become debt f ...
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By Jeremy User on
2/1/2008 1:17 PM
Having a baby can be an exciting time as well as a stressful time. One of the biggest worries is, how are going to afford a child? Getting out of debt now will help ease your stress and allow you to afford the things baby needs.
Average costs of a newborn and all the items you need to buy are close to $5,000. If you think about it, you will be going through 8 diapers a day, countless wipes, formula, food, all those cute clothes and of course the baby furniture. You can limit your spending by careful shopping, but it will still cost a good amount of money over the long run.
Getting out of debt now will allow for a less stressful future. Take a close look at your current debt and your monthly payments. Imagine what you could do with that extra money if you were not sending it out to a creditor. You may want to consider debt consolidati ...
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By Jeremy User on
1/29/2008 10:14 AM
What to do with this refund money. Spend it, save it or put it toward my debt consolidation plan.
Politicians and Economist hope that you will spend your refund, which will range from $300 to $600 per person. After all that is the point of the Economic Stimulus Package, to prevent a recession, raise the sagging economy. As you ponder what you will do with your refund, now is a great time to take a hard look at your financials.
Debt is on the rise for most Americans. This refund could be the extra push needed to get you out of debt. If you are on a debt consolidation plan, you could pay off one of your creditors. Then you could ...
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By Jeremy User on
1/21/2008 10:10 AM
When people are unable to pay their payments that are due on credit cards, they think about bankruptcy. But this is not the best solution. It will ruin your credit and your chances of buying anything else for many years to come. Credit Counseling just might be the answer.
What are my options? The first thing you should do when you are unable to pay the payments on your credit cards or loans is to contact the creditor directly and see if a payment plan can be developed. This involves the creditor reducing the interest rate for a certain period, which in turn reduces the amount of your minimum payment. This will help keep your credit in tact.
If you have been unable to work anything out with the creditor, or if the plan that you worked out failed, you can consider talking to a Credit Counseling agency. A Credit Counseling agency will work with your creditors to eliminate late payments ...
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By Jeremy User on
1/21/2008 10:09 AM
Every year people rack up debt during the holidays. And every spring, people get stressed trying to figure out how they are going to pay off their holiday debt. Debt Consolidation services can help.
By going to a professional debt consolidation company, they can tackle your holiday debt with the right tools, knowledge and come up with the best solution for you.
The average credit card debt is around $9000. Add on your holiday debt and you can see that this can be a huge problem. Experts say if debt ...
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