With more people getting into debt each day, knowing where you are headed financially is important to determine your next move. Do you keep going? Do your make a legal-U turn? Or do you accelerate in the same direction? The local TV broadcast featured this financial fitness test and i thought it is a great review …
To successfully manage personal finances, we realized that reviewing our financial progress is as important as putting the plan on the paper. Like most businesses keep track of their inventory, personal finances calls for the same. This helps you answer these questions: Where are you financially? You have to be true and honest to yourself. …
One great ways of saving money that we have adopted is ‘freezing’ grocery spending except for daily consumables like milk and bread. We do this by cleaning out our pantry once in a while. This has proven to more fun than we though as we have to be more creative in making healthy foods with the only the stuff in the pantry. When we have done this successfully, we have saved up 75% of our grocery shopping money, and we put that into paying some debt.
Before we went through the Dave Ramsey’s FPU, if you would have suggested to me that i can use cash in an envelope to manage spending, I would have told you that you are out of your mind.
It’s impossible for you to keep all your information private. Every time you go to a doctor, your insurance card and drivers license is photocopied and available to anyone who opens your folder. At a restaurant, your credit card is taken away and returned some time later, with copies easily made. If you write checks to pay your credit cards, you may write your credit card number on the check, which is seen by any number of people who handle the check. You can’t eliminate opportunities for identity theft, but you can make it much harder for the thief.
Wisdom is the weapon that will help you navigate through the loops and hops of life and stand out as different. Sometime it may look like conventional wisdom or if you would ‘common sense’ wisdom, but I am constantly learning to ask God and involve Him in my plans, and it works. YES! It works.
I believe this is one single most important step to a life free of debt, because life never stops, and the unexpected still happen emergency fund comes handy in these times. This is underscored by the fact that sometimes when you make the decision to get out of debt, anything that can go wrong begin to go wrong all at the same time. (a really frightening feeling)
Maintaining the intensity of paying off debt can be exhausting. getting out og debt especially if it is in the tune of tens and hundreds of thousands can be draining and may cause a burnout. Life never stops so that one can pay off their debt, responsibilities keep piling up that seems to demand a place on the budget list. Prioritizing these responsibilities is a key to staying afloat.
With tax filing season here with us, most car dealership will be rolling out their advertising campaign to get you to their lot for that dream car you have always wanted. If you have been planning to buy a car this season, this article from MSN Money published yesterday January 18th is very resourceful if …
This is the best time to exercise our Christian faith, by giving to support rescue and recovery efforts for victims of the earthquake in HAITI. Reach out and participate in helping out the earthquake victims in Haiti. Here are some big foundations already in Haiti Text Haiti 20222 to donate $10 through Clinton Foundation Haiti” …
