Search Results for: blog how to decrease your debt

Taking Debt Too Lightly

Why is it so easy to go into debt and so hard to get out of it? I think for modern generations, there has been a culture of taking debt too lightly. Fortunately, for some of us, that culture is changing toward one of getting rid of debt or not getting into it in the first place. Meanwhile, there is still a more corporate culture that encourages debt, and it is one, as individuals, that we have to fight against in order to be solvent and live a good life. Being offered a loan, whether it is a home mortgage, … Continue reading →

According to a New Report, Household Debt is Increasing

Maybe it is because basic things required for living costs more these days. Food, healthcare, utilities and clothing have all seen a rise in prices. Maybe it is because we simply haven’t learned from the last economic crash. While home prices are slowly rising, so are sales of the latest electronic gadgets that sell out hours or days after being released. At the same time, U.S. income has fallen overall by 1.5 percent. Whatever it is, a need study has confirmed what may be surprising to some: household debt has seen the largest rise since 2008. How much household debt … Continue reading →

How to Decrease Your Debt

If you find yourself drowning in expenses and don’t know how to get out of it, you aren’t alone. The average household owes $18,000 or more in credit card and other debt. If you have completed a budget and know that you are spending more than you are making, then you absolutely have to decrease your debt, no matter what. Here are some steps to take. First, stop using your credit cards. Cut them up, lock them away, give them to a trusted relative to hold, whatever it is that you need to do, but just stop. What if there … Continue reading →

Does Your Current Phase in Life Affect Your Money Management Choices?

As you consider money management it is important to realize that life runs in phases. Your needs and planning will need to be adjusted according to the phase that you are currently in. Recognizing these phases and your responsibilities while in these phases will help you to plan for a more secure future. The first phase is that of a young professional or worker. In this phase you should work on getting out of debt. It is also a good idea to begin saving for retirement aggressively at this phase of life. The more you save now the less you … Continue reading →

Five Ways to Find Extra Money in Your Budget

If you have sat down and planned out your budget or your debt reduction plan you may need to find more money in your budget. You have a few options: you could get a second job; you could sell some items; or you could decrease your spending. Depending on how much extra money you need, you may do just one of these or a combination of all three. Here are five ideas to help cut the amount you are spending. 1) Although gas prices are beginning to drop, cutting down on the amount of gasoline you use will help you … Continue reading →

Learn How to Make Decisions, and You Can Save Money for Life

I used to have a terrible time making decisions in life. It all came to head one week when I had three different job offers and no clue which one to take. I resorted to putting the names of the companies in a hat, flipping a coin, calling every good friend I knew for advice and more. The deadline to make a decision was fast approaching. How did I solve it? A blown-out-tire forced me to choose the job that was the closest and easiest to place to make the commute. Pathetic, no? I vowed after that to work on … Continue reading →

Hernias and Heredity

About one in ten adults will be affected by some type of hernia during their lifetime. I had heard about hernias before, but I never really understood what they were all about until a couple of years ago when someone in my family had one repaired. There are many different types of hernias, and most of them involve the protrusion of some form of tissue through an opening in the abdominal wall that should not be there. Hiatal hernias are a type of hernia where there is an opening in the diaphragm, the muscle that separates the chest cavity from … Continue reading →

Don’t use credit cards, but still take loans?

A blog called I’ve paid for this twice already explains that anything purchased with credit cards is paid for again in interests, and maybe multiple times by the time the credit is paid off. Many of use have realized this and stopped using credit cards, but how many of us still take out loans and buy items on credit. Any kid on non-secured debt sucks extra money out of your pocket. Furniture loans, are financed by the stores and often through high risk programs that charge 10% or more interest for the honor of buying a sofa or entertainment center. … Continue reading →

Living without Credit Cards

It has been several years since I have used a credit card. It started after a long period of unemployment for my husband when we were just maxed out and I could not use them. As time went on and our situation loosened, I never really saw the need to begin using them again. If I wanted something, I used cash, (or a debit card), and never relied on money I didn’t have to buy anything. When I traveled to Los Angelos from GA last summer, I thought I was going to use credit to survive on my trip. I … Continue reading →

Tips for Dealing with Stress in Marriage

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We’d all like life to be great all the time but the reality is, at times, life is stressful. It’s how we deal with stress that matters. Yesterday, we looked at the effects excess alcohol can cause in a marriage. But the reason a spouse usually drinks to excess, could be because they are trying to find a way to deal with stress. Stress is something that affects all marriages at time, whether it is financial stress, illness, job related, death of a loved one, or family issues – the list is endless. Alcohol never solves problems but actually can … Continue reading →