Web   this site    

Welcome To Wealth Building Info!

Wealth Building Info Article:

Your Money Or Your Life

Have you stopped to realize that although you go to school to learn about important subjects, no one teaches you how to manage your money?

Money is an essential part of life in our pursuit of happiness, yet very rarely will a parent sit down and tech their child how to handle their money.

This is true in grade school, high school and worst college.  So what happens?  Many of us end up in an extremely large amount of debt.  We can't seemto get it together even if we make more money.

I found myself in this trap about 13 years ago.  I had an okay job, a car, and an apartment.  Nice I thought soon I would buy a house and live the"American dream".  Wrong!  I could never save enough to buy a house.  I had plenty of credit cards, so many that I never had enough money due tomany payments to put aside for my dream home.

What was happening to my paychecks?  Well, I was over extended in credit card debt for one.  The buy now pay later syndrome was well embedded inmy head.  That mentality had to stop!  Since, I wasn't terribly behind in my payments I was able to get some help from the creditors.  I simply asked for alower interest rate and/or the ability to skip a payment.  After that call, I had to cut up and dispose of the cards.  No! I didn't cancel my cards but I got rid ofthem just the same.

Next I bought a tablet just for my budget information and bills.  I also purchased a software program to keep track of my expenses.  I think it is importantto keep something manual that you can carry as well as a computer software tool.

Next, as bills came in, I wrote them down with the name, address, phone number of the creditor, my total balance, interest rate, and minimum paymentdue, the due date, and if there were any annual fees acquired with the card.

Review the card with the highest interest rate and pay more then the minimum due.  Always ask if they can reduce your rate or seek the possibility ofdebt consolidation buy applying for a low interest rate loan or credit card.  If you haven't cut up your credit cards do not get a consolidation loan.  Becausemost likely once your payments are manageable you'll start using your cards again.

Minimizing your spending is the key to financial freedom.  Make sure to start a savings plan after you've gotten your debt under control.

Dina D Harbour, Financial Coach

Wanted Debt Or Alive (A counseling service)

http://www.wanteddebtoralive.org

Related Wealth News and Articles From ArticleBin


Warning: XML error: not well-formed (invalid token) at line 42 in /home/wealthbu/public_html/includes/RSSNews.php on line 0

Warning: XML error: not well-formed (invalid token) at line 54 in /home/wealthbu/public_html/includes/RSSNews.php on line 0

Warning: XML error: not well-formed (invalid token) at line 54 in /home/wealthbu/public_html/includes/RSSNews.php on line 0

Same Day Cash Loan: Assured Financial Confidence In One Day

Before the availability of the same day cash loan in the loan market, gaining financial assistance immediately was not that easy for one. There were lengthy money lending procedures and above all, the borrowers were required to show all necessary documents to please the lenders. But no more now as these new loans have made applying and drawing cash through loans easier. The grounds of eligibility for a borrower too have been minimized which ensures less trouble and fast cash. When it is about more...

Real Estate Advice for First Time Home Buyers

Looking to buy your first home? Here's a story that may resonate with you and help you do what even you think might not be possible. I learned from a business coach that there is more than one way to cross a room. One can skip, jump, roll, be held by others, do cart wheels, and the list goes on. The point of the story is; there is more than one way to accomplish a goal. There is also more than one way to buy a house. I was 27 years old when I bought my first home with my new husband. I more...

Help With Credit Card Debt: New Aid for Strapped Consumers!

Help with credit card debt is now available from a variety of legitimate sources. Non-profit debt counseling and debt consolidation now offer new aid for strapped consumers! There are many local resources that can be used by over-extended borrowers to bring their debt repayment back into manageable territory. Today's economy in the United States provides easy credit and an even easier mechanism for persons using that credit to get out of paying what they owe. Consumer bankruptcies of all type more...

Small Loans: Pocket Size Loans With Power Packed Performance

Cash help is not always easy to achieve but things goes into an exception when the borrowers go for the small loans. Just as it is directed by the name of these loans, these are small in type and offer a small amount. But still the things that could be done through this small amount can make life easy for many. You never know that there can be a situation when you need to pay off a bill or need to have cash in your hands and you are totally empty. In such times, a small amount provided by loans more...
1