Personal Finance Hard Truth Week in Review – It’s Almost Over Edition

The campaign is in its final days.  I expect we will have six months or so before the next group of presidential wannabes begins making noises about ... of Debt Reduction and my post on Shouldn’t We Burn Credit Cards in Protest?  Oh - that candy your kids ... a website that includes their amazing tax saving calculator.  Apparently, you input your income [more...]

Date: 2008-11-01 13:34:12

Blog posts (153) | Videos (209)
 

If Personal Finance is Easy, Why Isn’t Everybody Rich?

Yesterday, MSN’s Smart Spending blog posted a version of my recent article about the dirty secrets of debt reduction (and what to do about them) ... , consolidate debt, use 0% offers, use the one credit card with a 0 balance as it is cheaper than cash. You’ll ... to get out of debt. Debt elimination involves three steps, I said: Stop acquiring new debt [more...]

Date: 2008-08-06 18:00:13

I’ve talked the talk, but have I walked the walk?

With a name like “Debt Destroyer” it’s kinda implied that I’m spending my waking hours destroying debt.  I wish that was the case ... * *I originally included a credit card balance in my initial debt total.  But I always pay off ... to go out on a limb and say that I’m not alone in my debt reduction journey. How are you doing?  Are you pleased [more...]

Date: 2009-01-08 15:04:31

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

Ten Ways to Reduce Debt

by Michael Geoffrey Debt reduction requires good planning and great financial discipline. Here are ten steps that can reduce your debt: 1 ... a debt consolidation loan. If you are a member of a credit union you may find they offer better ... to encourage you to transfer your balances to their credit card. However, beware of missed or late payments [more...]

Date: 2008-11-24 22:33:22

Make Your Own Debt Reduction Plan

As an increasing number of people are finding themselves in over their heads in debt, ... statements, credit card statements and anything else you use to track your finances and see ... companies or a debt consolidation loan, for example). Step Two: Call your Creditors This step [more...]

Date: 2008-12-16 06:00:00

The Impact of Marriage and Divorce on Your Finances

We joined Costco. And I’ve only been there 5 times in 8 days! Thanks for all your suggestions; we knew exactly what to look for. Now I just need to get my True Earnings Credit Card for Costco and I’ll be all set. Also ... What to give the new couple? Think twice before giving a gift card. Debt Reduction Five Tips for Reducing [more...]

Date: 2008-10-08 13:29:23

Plotting the Debt Reduction Course

It feels like it’s been months since I last accomplished a financial goal. In fact, it *has* been months. It’s getting me down. I eliminated $28k+ worth of credit card debt way back on March 27 with a $508.13 payment ... , you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals [more...]

Date: 2008-06-12 16:55:34

My Debt Snowball

Until now, I have not really had any concrete debt reduction plan. I have just been making random extra payments on each card as I get the money ... . I entered all of my credit card information and used $1600 as my total monthly payment towards ... their debt. I decided to do some research on this and set one up for myself. The idea behind [more...]

Date: 2008-07-22 21:34:32

What is Debt Reduction Credit Card Consolidation?

Amazon.de Widgets Credit cards, some would say, have created a massive debt issue, leading to an increase in the number of people using credit card consolidation and various other forms of debt management. The introduction of credit cards has, without question, been a success story for the financial institutions as the convenience factor has basically pushed the use of paper money into the modern day equivalent of the dark ages!It seems there is nothing we cannot buy with plastic nowadays but, [more...]

Date: 2009-09-22 21:07:25

www somerset grand fortune garden spis hoteli pl

You need to watch your trading behaviours and recognize if poor trading habits have begun to creep into your trading ... cost reduction and operations that are more streamlined. Debt payments (credit card bills, child [more...]

Date: 2009-01-03 16:33:57

The Best of Get Rich Slowly: September 2008

September was a sort of unofficial “credit card education month” around here. I tried to share information about how to use credit responsibly. (Now maybe it’s time to move on to debt reduction themes!) Most of all, there were some great ... ? (a fantastic discussion) Best of the Forums Though I didn’t have time to hang out there, the Get Rich [more...]

Date: 2008-09-30 20:00:17

On debt

Sometime ago I met a guy that tried to sell me a debt reduction program ... to allocate payments to serve any debt that I could have. Furthermore, he claimed this program ... a camera today, but you will have all the cash available in a few days. Fine, use the credit card [more...]

Date: 2008-12-13 19:07:00

The Dirty Secrets of Debt Reduction (and What to Do About Them)

When I was a sophomore in college, I got my first credit card. I thought it was awesome — it was like free money ... to pay off debt. I was arrogant. I believed this advice didn’t apply to me. But then my car broke down ... , and then paused my debt elimination plans for a few months in order to stash $1,000 in the bank [more...]

Date: 2008-07-17 12:00:34

Top 10 Ways To Save Money - Number 2 - Live On A Budget

Let’s take ten minutes and create your new budget for December. Write down your expected monthly income.  (Use your take-home pay.) ... , mortgage, insurance, food, clothing, gifts, miscellaneous, cell phones, credit card payments, etc.  Need ... !  This is the amount that you can budget for extra savings or extra debt reduction payments.  Did [more...]

Date: 2008-11-29 21:41:51

The Friday Gathering: Reader of the week

Wow, Friday already. This week has really flown by. I guess that’s the benefit of staying busy ... Paying credit cards before a mortgage was included in the Carnival of Debt Reduction Frugal Babe [more...]

Date: 2008-09-12 09:42:26

Budgeting

Tis the time of the year when many people either make a family budget for the new year or once they start getting their credit card statements in the ... 58 Burns?It’s that time of year again…My Debt-Reduction “Ah-ha” Moment [more...]

Date: 2009-01-14 11:50:38

Heyyyyyyyy youuuuuuu guyyyyyyys! (it's carnival time)

And so here they are: Money Hacks Carnival - "The Best Crazy-Simple Money Hacks" ed. hosted by Ask Mr. Credit Card. *Editor's Pick!Carnival of Personal Finance - "Cyber Monday 2008" ed. hosted by Mighty Bargain Hunter.Carnival of Debt Reduction - "Hosting a Dinner Party" ed. hosted by Green Panda Treehouse.Festival of Frugality [more...]

Date: 2008-12-05 16:28:32

Friday Links

Consumerism Commentary hands out a report card for financial rules of thumb . The Financial Blogger lists his top ten Canadian dividend stocks . Wealthy Boomer looks at three ways to protect fixed-income investments from inflation . Bible Money Matters discusses the importance of financial focus and how it leads to results . Five Cent Nickel helps with dealing with a collection agency . Financial Methods points out five monthly expenses that can easily be reduced . [more...]

Date: 2009-09-25 09:00:26

Consolidate Debt Without A Loan

The Not So Wonderful World of Debt   The world is full of those who have fallen unfortunate prisoners of debt.  Debt is an equal opportunity employer and does not discriminate in reference to race, color, sex or creed.  Debt will attach itself to anyone, the young and the old, the rich and the poor.  Debt is the universal medium that we all share and can certainly relate too.  Everyone eventually accumulates debt.  Let’s face it our world revolves around it.  When you buy a home [more...]

Date: 2009-09-24 06:00:00

How To Prioritize Your Debt Repayment Plan

Everyone knows that healthy personal finances requires debt reduction. However, paying down debt can become discouraging when you have a great deal of it, from a variety of sources. Paying a little bit extra every month on each of your debts doesn’t seem to make a dent, thanks to high interest charges. Instead, you can make more effective use of your debt repayment funds if you concentrate on retiring one debt at a time. This can also simplify matters and help you focus your efforts. [more...]

Date: 2009-09-24 01:03:28

Is There An Alternative To Long Term Credit Card Debt?

Credit cards have become a way of life for the majority of the UK population over he last decade of so, but those who treat them with a lack of respect can often find themselves in trouble. Credit cards should only really be considered for short term funding arrangements, with the user certain that they can pay the funds back as soon as possible. However, many have fallen into the trap of multiple cards, with offers for more and more cards dropping through the letter box on a regular basis. [more...]

Date: 2009-09-24 15:02:24

The More Things Change, The More They Change

A little back-story for those new to No Credit Needed - Back in April of 2005, my wife and I decided to get serious and do something about our debt reduction.  As part of our plan, I created this website to track our progess.  After ten months of planning, working hard, sacrificing, dealing with setbacks, and learning from our mistakes, we were able to celebrate – we were debt free!  Less than a year later, we managed to fully-fund our emergency fund and for the past two years, we have managed [more...]

Date: 2009-09-29 00:37:55

G20 nations meet as protests flare on issue of international banking regulation

Again, the summit is being presented as a way to get the bankers, when it is in fact a further centralization of banking power. The picture below tells you much of what you need to know about the G20. And for new readers, it’s not that banks are inherently bad. But at the international level, economies are being governed now by a syndicate of privately held central banks that operate above the law and print money with which to acquire real equity. [more...]

Date: 2009-09-24 22:35:28

Like itâ Tell?? Sat Loan Modification scam before it costs you your home

The combination of a complex service, desperation of those who leave the service and a new, wide-open market with little regulation, the possibility for fraudsters to have the advantage of a situation that can bring a quick score with them. The biggest problem for the victims of fraud in the loan modification generally isnâ? T the money, itâ? S the effect of time and missed payments to foreclosure. In terms of sheer numbers, the frequency of the loan modification is limited to relatively low. [more...]

Date: 2009-09-28 10:57:42

New Ways to Avoid Bank Overdraft Fees

No one likes paying overdraft fees. Banks charged these fees to customers who they’ve had to bail out for spending more money than they have in their accounts. Banks have also somewhat taken advantage of this relationship and piled on the fees once things go in the negative. It’s not pretty. But this ugliness can be avoided. First, by never spending more than you have (duh!). But also by putting in controls to help protect yourself from the occasional slip up. [more...]

Date: 2009-09-23 23:13:32

Carney says G20 must stay the course on stimulus

Those reading the transcript of the interview may be surprised to discover that, for all the lip service Carney gives the US dollar, Canada holds 40% of its reserve currency stocks in Euros. Holding Euros is not recent - government reports online dating back to 1999 indicate at the time 24 million in Euro reserves were held. there was a coordinated attempt to prop up the Euro in 2000, an effort in which Canada was a player. In 2008, the figure was 238 million . Just a little history. [more...]

Date: 2009-09-25 15:36:08

Credit Card Issuers Growth Prospects From A Micro Level View

This is a guest post by Mr Credit Card from Mr Credit Card . Mr Credit Card has a review site full of credit card offers . Today, he is going to talk about insights from his perspective that might influence credit card issuers stock. If you are looking for a new card, check out his best credit card offer and deals section. Since the stock market hit its lows in March of 2009, it has been on a steady rise since (depending on when you read this post, things may be different off course). [more...]

Date: 2009-09-27 13:29:16

Learning About CESI And Being Debt Free

September 24, 2009 | By Imus Jackson In Finance | by Imus JacksonWith the economy in the state that it is in these days, more people than ever are deep in debt and cannot find the resources to get out on their own, or they have no idea how to start or where to start. There are many options open for people in these circumstances, and one of the most comprehensive groups out there with many offerings of help is CESI for getting debt free.CESI, which stands for Consumer Education Services, [more...]

Date: 2009-09-24 10:42:59

Pay Off Debt or Invest?

The other day, Matt Jabs asked if you should invest while you’re in debt . This is an interesting question, and one I thought worthy of tackling myself. Penny wise, pound foolish For starters, you probably shouldn’t be investing while in debt unless you can reasonably expect to outperform the interest rates that you’re paying. In other words, if you’re carrying high interest consumer debt, you should focus on getting out of debt instead of building your portfolio. [more...]

Date: 2009-09-25 10:00:24

Focus on Priorities

Focus on Priorities   We all know that in order to be successful, we need to focus on priorities. But how many of us do consistently and regularly? For focusing on priorities, you need to make a deliberate attempt on a day to day basis until that habit gets ingrained in you permanently and it becomes a second nature. Focusing on priorities make people think and successful people think productively, concretely, constructively, creatively, deliberately, purposefully and above clearly. [more...]

Date: 2009-09-26 20:52:37

Debt Reduction – How to Elimination 60% of Your Unsecured Debt

What does one mean by debt reduction? Would you call transfer of weight from your face to your stomach as weight reduction? Would you call the reduction of a few grams in a day once in a week as weight reduction? Then how can you call a balance transferred from one credit card to another as debt reduction?Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment - September 24th, 2009Military Payday [more...]

Date: 2009-09-25 06:01:15

Top 0% Balance Transfer Credit Cards

An updated list of the top 0% balance transfer credit cards is below . I recently shared my experience with effectively using 0% balance transfer credit cards to help in my debt reduction plan . That was back in the day. These days it’s become a bit harder to find a good deal on a 0% interest rate credit card. The new credit card rules, the economy, and credit card companies wising up have all had a big effect on the kind of deal you can expect to get from one of these cards. [more...]

Date: 2009-09-25 05:46:04

Debt Consolidation and Reduction – Information You Need to Know

Amazon.de Widgets Why did you end up in debt?Never spend more than you earn. I’ve learned this lesson the hard way, and now I live and die by this way of life. Prepare a budget and keep it handy. Always have a good idea of the money you’re making, and where exactly that money is going when it leaves your hand. The reason you’re in debt right now is because you’ve spent just a bit more than you should have, and now you’re being punished for it. [more...]

Date: 2009-09-23 18:21:10

Love in the Time of Economic Recession

“C’mon, Love, think about it,” he says in that adorable and sometimes impossible-to-comprehend British accent of his, “You can move in with me! ... , and the dwindling contents of my checking account (and slowly rising credit card debt) made the idea of rent ... to be taken seriously (the four vodka cocktails I’d consumed that night didn’t help, either [more...]

Date: 2009-01-14 14:35:30

Peter Moricl on the Growing Depression

Even though Nuclear Green is an energy blog, I am taking note of the ongoing economic crisis because it effects everything including the future of ... lenders bought Treasury securities and collateralized debt obligations that fueled the housing bubble ... has collapsed, and without a sizeable reduction in the trade deficit, a sustainable growth path for [more...]

Date: 2009-01-09 11:42:00

Sunday Money Roundup - Frugal In Winter In The High Desert.

So, with over 2 feet of snow on the ground the other day, I hung out our laundry. Yep, the thermometer read 22 degrees, but at this altitude ( ... about buying something? He needs your advice! Gather Little By Little dips his toes into a 0% interest credit card. Go see what he is using it for! MoneyMate Kate tries to deal with United Airlines [more...]

Date: 2009-01-11 14:00:43

Turning Attention to Christmas Bills

When I was a kid I remember being so depressed the day after Christmas, knowing Santa would not make a return trip for some 364 days ... and pen, and listing each of your credit cards.  Update each card’s balance with current information ... -in-law” syndrome. The symptoms include overspending around the holidays in an effort to impress [more...]

Date: 2008-12-26 14:07:19

The Bernanke Chronicles

Here is Bernanke’s Speech yesterday at The Stamp Lecture in London, and note that while I understand Mish Shedlock has written something on this, I have not read it; any similarities are due to Ben being a total idiot. I actually watched him present this time along with the questions and Ben looked like he had sat on a Rhino horn a few minutes [more...]

Date: 2009-01-14 21:35:43

Can Debt Consolidation Make My Financial Position Worse?

Debt consolidation is one of the best ways of reducing debt. Your monthly payments become much lower and this will give you more disposable income. Unfortunately, debt consolidation can also make your position much worse. The reason debt consolidation can be bad is you. You, and your bad financial habits. That is how you got into debt in the first place. Lack of financial discipline If you take out a debt consolidation loan you have given your finance s some breathing space. [more...]

Date: 2009-09-29 11:16:03

Roth IRA FAQ, Income Streams and Financial Q & A @ The Carnivals

new logo design is now over. As for which logo won? It was a tight vote between 2 logos. Now how about I surprise you all with it when I put it up? ... In Washington All Financial Matters: Oil Just Keeps Dropping! Rich Credit Debt Loan: How To Stop ... Decision Crackerjack Greenback: Personal Finance in the Bible: Proverbs 13:7 Ask Mr. Credit Card [more...]

Date: 2008-12-03 22:11:44

Simplify Your Life With A Credit Repair

by Dina Salinas Having bad credit can be a nightmare for most, because we live in a world that is fast-paced, costly, and always requires credit. It goes without saying, credit repair can make your life simpler if you’ve had some problems with your credit. The manner in which you use the available credit at your disposal is plain for creditors to see when they check your credit score. [more...]

Date: 2009-09-25 12:09:31

Thriving on Less - A Guide to Getting Out of Debt

“Debt is the worst poverty.” - Thomas Fuller It was only a few years ago when I was overloaded with debt – so much so that I couldn’t make all my payments and I had numerous debts sent to several collection agencies. I had creditors calling ... payment and make rent. It’s hard to imagine those days now – the unbearable burden of that debt – [more...]

Date: 2009-01-08 15:55:47

Visa Debit Card Questions and Answers

You may have noticed the Visa logo on the right sidebar, and thought to yourself, “Hmmmm … I wonder if Visa is a sponsor on Mighty Bargain Hunter? ... of a blog carnival on debt reduction, I’ve seen good stories from people who have foregone ... with merchants. Will I get the same assistance as using a debit card? Visa’s Response: Visa debit [more...]

Date: 2008-12-23 07:51:56

How Canadian Retirement Affects Some Americans

by William Blake There are some Americans who live near Canada who have strong opinions about Canadian retirees ... MPH below the speed limit to enjoy it. Road rage doesn’t seem to be quite as big a problem in other ... Canadians seem to be oblivious to any problem and continue doing what they are doing. Shopping Together [more...]

Date: 2009-01-16 02:15:21

Credit Repair Can Make Your Life Simpler

by Dina Salinas Having bad credit can be a nightmare for most, because we live in a world that is fast-paced, costly, and always requires credit. It goes without saying, credit repair can make your life simpler if you’ve had some problems with your credit. The manner in which you use the available credit at your disposal is plain for creditors to see when they check your credit score. [more...]

Date: 2009-09-26 12:54:46

Banks Supposedly Will Cut Consumer Credit Card Lines by $931 Billion if Reforms Mandated

There is a rather amusing story at the Financial Times tonight, "Credit card reforms ‘to cost banks billions’". Let's look at the particulars ... from customers. But how much more are the credit card issuers making due to the tremendous drop in funding ... . The story is based on a study by law firm Morrison & Forester which concluded that banks [more...]

Date: 2008-12-15 01:59:42

Military Retirement - Special Tools for Planning

by Michael Geoffrey People in the military usually have a much different retirement plan than ordinary civilians so they should use a special ... . Most people in the military are members of a credit union and that is always a great source of information. Getting help at your credit union is a good idea because they have years of experience [more...]

Date: 2009-01-15 23:55:06

Student Loan Default: How to Deal with It

by William Blake The Department of Education has many different avenues with which it works hard to get money back from individuals whose student loan payments have turned into student loan default. Defaulting on a federal student loan can become such a costly event that it often becomes more expensive than an individual’s original student loans [more...]

Date: 2009-01-15 12:05:44

How to Easily Pay Off Your Debts, No Matter How Many Times You’ve Failed

How to Easily Pay Off Your Debts, No Matter How Many Times You’ve Failed by Sean PayneMany people who are in debt have tried at least once, and probably several times, to pay off their debts. Sadly, a significant number of these people end up getting even further into debt than they were when they started.What’s the reason for these people accumulating even more debt? The answer lies in the methods that they use to get out of debt. [more...]

Date: 2009-09-28 13:14:57

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