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Can Money Management Help In Any Way With Debt Consolidation?

The following is a guest post. If you would like to submit a guest post, please read the policy and contact me. Money management – how does it count with regards to your consolidation program? Debt management helps you with better management and better usage of the credit cards, and any other forms of credit. Thus, this is also supposed to help you with paying down your debts with ease. Now, in addition to managing your money wisely, you can also opt for debt consolidation, for this is going to help you with paying down your debts even more easily. Money management and debt consolidation Managing your money wisely In order to be able to manage your money more wisely, it is important for you to: Determine the total income– It is important for you to determine the total income which you can make. This may help you with better money management. Follow a budget– A very important step towards money management is following a budget. Budgeting helps you to keep proper tab on your total income and also the expenses. This is also supposed to help you with saving money on the expense. In addition, this is also supposed to ...

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Use Credit Cards to Get Free Clothes

There seem to always be numerous posts about credit cards with all sorts of varied opinions.  You can look at the facts posted by Kurt at Money Counselor. Some think all credit is evil, and we should burst into flames if we apply for a card. Some feel we should make all purchases with a credit card for ease of tracking finances and rewards. I fall somewhere in the middle. If you are smart and disciplined, you can make the best use of credit cards and take advantage of cash or merchandise rewards. I personally hate to spend money on clothes for myself. For the past couple of years, I have gotten almost all my clothes for free.  All I had to do was pay my bills on time. Back in the day, our household did not have a healthy credit card relationship. At our lowest (or highest) point, we owed over $30,000 to Visa, Mastercard, AmEx , and Discover. Since then, we have seen the error of our ways and do not use credit for things we don’t have the money to purchase. When we used to apply for any credit card that was available, I signed up for an Old Navy Visa card.  ...

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Sad/Happy Debt Story

Unless we are fortunate enough to be independently wealthy, most of us go into our first real jobs with the hopes of increased income. What I have to wonder is why do many of us also feel we have to increase our lifestyles? With regret and relief, I’ll share the story of two supposedly smart people who got caught up the trap of consumerism. When I met my husband, I was an optometry resident making around $22,000 per year.  He was a non-traditional college student, having gone back to school after working in a number of jobs over the years before finally realizing that he wanted to be a teacher.  He worked part time as a ski instructor in the winters and as landscaper in the summers and made much less than my $22K. Did we feel poor? Wow, no. We love the outdoors, and spent most of our free time mountain biking or hiking. We traveled to different ski areas in the winter. He usually knew someone who could get us cheap lift tickets, and we’d sleep in the floor at a friend of a friend’s house.  If I wanted something I didn’t have money for, I worked a Saturday at the local Walmart ...

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Does Credit Card Debt Have You Stuck?

Today I saw one of the most amazing and bizarre events. I was out for a jog along one of the busiest streets in our town, one block off main street. I came to an intersection and noticed that the street was blocked off by the police, a fire truck, and a variety of other uniformed officers from divisions of different things.  There was a gathering of people at the barrier, all looking up at a rather large black bear stuck up in a tree. From another observer, I found out that the bear had been up there for several hours, and animal control had just tranquilized him, which explained the uniformed men standing under the tree with a big tarp. (ouch!) I watched for a while and then went on my way. What if the poor fellow wakes up when he falls? You only have to be faster than the slowest person, but you never know. As I was finishing up my run, this post came to me. I guess I am ready to have this blog if I can relate just about any event to personal finance. After that lengthy introduction, you might ask how this bear stuck up a tree reminded me of credit card debt. If you think ...

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