Debt Reduction Methods and Philosophies: Snowball, Avalanche and More
When someone who has accumulated debt across a number of credit cards embarks on the journey to rid himself or herself of this debt, and when that person is generating enough monthly income to cover all expenses and the minimum payments due on all cards with additional funds left over, there are two main philosophies describing the best way to achieve this goal. Although all approaches are good, there is no question where I stand on this issue. [more...]
Date: 2009-05-29 11:00:32
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Letting go of the old and moving on to the new
Welcome to 2009.2008 was quite a year for us. So many exciting things happened, there are things that I haven't even written about yet. Yikes! ... for something NEW!Debt reduction and elimination is our other main focus this year. This is the continuation ... of credit card addiction. It's that other debt we are looking at now: student loans, home equity [more...]
Date: 2009-01-05 04:25:00
Ex-Credit Card Bankers: "Every Customer Who Calls In Is A Mark. It's A Great Big Con." [Confessions]
CNN has an interview with two former credit card bankers who are admitting that their job was to get consumers to max out their credit cards and take on as much debt as possible, regardless of the customer's ability to afford it. They both worked for MBNA at their "sprawling consumer call center in Belfast, Maine." The bankers say [more...]
Date: 2008-09-25 16:39:25
Why You Should Never Live On Cash
From Now On, You’ll Learn To Live On Cash If you’ve ever watched the show, Till Debt Do Us Part, then you’ll know that the host, Gail Vaz-Oxlade, ... Cost You Money Whenever possible, I will charge everything I buy on a Credit Card. The main reason for this is because it makes me money. If you’re the kind of person who never runs a credit card [more...]
Date: 2008-12-30 00:19:00
Goals for 2009
I’m not big on New Year’s resolutions. The main reason is that January 1 is an arbitrary date that most of Western civilization has agreed we ... . But hopefully I can find a race, perhaps sometime in June. Lake Placid’s a possibility. Cut down my credit card debt to $x. (Before you get on my case, yes [more...]
Date: 2009-01-02 04:49:34
20 tips for living on one income
Thanks to everyone who came by with Christmas greetings over the holidays. Hanno and I appreciated them very much ... and one of you loses your job?Your main goal is to keep your home, feed your family and pay off your debt ... it a try. We had already paid off our mortgage but we had a small amount of debt on our credit cards [more...]
Date: 2008-12-29 04:21:00
Top Debt Consolidation Loans
Credit card debt consolidation may take many forms. This will help you to become debt and stress free. Their main purpose is to help you understand t 1 Vote(s) [more...]
Date: 2009-01-06 08:59:32
Cashflow Pattern of Middle Class -
Click Here to Go to the Main Page of a Short Course – Financial Statement BasicsClick Here to Go to Cash flow patterns of Assets, Liabilities, Rich, ... they spend everything they earn behind buying Liabilities such as Debt products, credit cards [more...]
Date: 2009-01-14 17:02:00
Confusing Consumption With Investment
People are now waking up to the fact that what that real estate investment guru was pitching at the seminar wasn’t necessarily an "investment": ... loan rate Purchase prepaid credit card Christian consolidation counselor debt Experian business ... and score Home improvement loan maine Debt consolidation services Credit report credit score [more...]
Date: 2008-06-24 14:10:35
How A Consolidation Loan Can Help You
by Mike Carbeck Misusing credit cards is the main reason people run into uncontrollable spending and find themselves facing large payments combined ... cards, however this is where the similarities end. These loans will roll all of your credit card debt into one lump loan and will eliminate the individual interest rates that some credit card companie [more...]
Date: 2008-12-03 10:44:44
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