Your Wealth Puzzle » yourwealthpuzzle

Make A February Resolution|Be Debt Free

yourwealthpuzzle — Tue, 31 Jan 2012 10:00:19 +0000

Make Monthly Financial Resolutions

courtesy of glasbergen

If you have a hard time making New Year Resolutions, try making monthly financial resolutions. These will easier for you to monitor so you don’t end up buried in an avalanche of debt.

Go Deeper & Deeper Into Your Financial Side

yourwealthpuzzle — Wed, 25 Jan 2012 10:00:02 +0000

There Must Be A Better Way

courtesy of glasbergen

Taxes Got You Down?

You only have so much disposable income. The last thing you want to do with your money is give it to the government. Tax-exempt and tax deferred investments have become a popular way to shuffle your tax burdens.

In Debt? Where Did It All Begin?

yourwealthpuzzle — Wed, 18 Jan 2012 10:00:44 +0000

: courtesy of cartoon stock

Ever wonder why you have excessive credit card debt?

Now you know.

Do You Understand Credit Card Reform?You Need To

yourwealthpuzzle — Wed, 11 Jan 2012 10:00:20 +0000

Related Posts: How Bad Is Credit Card Consolidation? Everything You Need About Credit Card Debt Worried About Your Credit Card Debt? You’re Not Alone Related Posts:

Are You Making Your Financial Resolutions The Right Way?

yourwealthpuzzle — Fri, 06 Jan 2012 10:20:33 +0000

Approach Financial Resolutions Differently

Financial Tips You Can Use

If you do what you always did, you will get what you always got. If you never stick to your financial new years resolutions, maybe you need to approach from a different direction.

What’s Your Financail New Years Resolution?

yourwealthpuzzle — Mon, 02 Jan 2012 10:03:38 +0000

A Financial Resolution Gives Direction

Everyone needs a financial new years resolution. It can be about eliminating debt, increasing retirement plan contribuitons, cutting expenses. Your financial resolution must focus on your personal finanical issues to make it effective.

If you have not made yours yet, this video will give you some good ideas.

Debt Management 101

yourwealthpuzzle — Wed, 19 Oct 2011 10:00:29 +0000

Got Debt|What To Do About It

Debt Management Begins With You

You’re frustrated by the debt you’ve piled on. Now you need a way to reduce it. Even if you don’t call for help at least read about the basics. You only make so much money, so debt piles up so quickly; but it takes forever to get rid of.

Everything You Need About Credit Card Debt

yourwealthpuzzle — Tue, 11 Oct 2011 10:00:52 +0000

Credit Card Debt Is Bad News

You Know That|Learn How To Fix Your Debt

Your credit card debt can be the end of you if you do not manage it properly. There are many ways to reduce your credit card debt; some you may be familiar with others not. Learn more:

Credit Card Debt Can Drown You

yourwealthpuzzle — Thu, 06 Oct 2011 10:00:28 +0000

In Over Your Head In Debt?

Here is a basic understand of how credit card debt can control your life.

How Bad Is Credit Card Consolidation?

yourwealthpuzzle — Wed, 14 Sep 2011 10:00:13 +0000

Start With Debt Management

If you have control over your debt you may be able to avoid debt consolidation. Credit cards make it easy to rack up debt. You can spend, spend, spend and not realize how much you have spent…until your credit card statement arrives. Then it’s too late. Take control of your debt, before you are in over your head.

Debt Control

#1 – Limit the use of your credit cards.

Only use them for purchases too large to use cash. Set a maximum dollar amount for yourself. For example maybe all purchases over $500 will be put on the credit cards, anything less you will pay cash for. That dollar amount of $500 may seem too high to pay cash with, after all who walks around with that much cash in their wallet…go to #2.

#2 - Avoid carrying balances

Two examples of when you should use cash instead of your credit card would be groceries and filling up your car with gas. But for a $400 purchase, cash is a bit difficult to work with. So pay with a credit card, but, pay that balance off as soon as you get the statement. Do not carry credit card balances, the fees and interest on those balances are a waste of money.

Play with your maximums, work with figures that you are comfortable with. But if you cannot avoid racking up your debt, you may consider debt consolidation. Is debt consolidation bad?

What Is Debt Consolidation?

It’s when you combine your debt. You put all of your credit card balances onto one credit card.

Is That Bad?

You Decide: Here are the advantages

You get one statement, make one payment a month and only have to deal with one credit card company.

You can save money by moving the debt to the credit card that you currently pay the lowest interest on.

You can pay down your debt faster when you pay less in interest charges.

Here are the disadvantages:

If you use a debt consolidation company instead of handling the consolidation on your own, you will pay that consolidation company service fees. If your goal was to save money by consolidating, you may not be.

But if you are having a difficult time digging yourself out of debt, paying the fees may be okay in the long run.

Debt Drowns You

Being in debt, as you may already know, can bury you. Too much debt can affect your credit score, how much you pay for goods and services, how much you pay for your auto and home insurance and even your employment.

If you are in debt and see no way out, get help. There are many credit repair services available. They are there to help you not judge you so do not be embarassed or feel bad…get help.