Working Towards Becoming Debt Free
Getting Debt Free and Staying Debt Free
The average household credit card debt is close to $9,000! Once credit card debt begins, it can be a difficult struggle to crawl out from under all the debt and become debt free once again. Of course, staying out of debt, to begin with, is the number ONE way to be “out of debt”. Although, sometimes, having debt is inevitable. For example, my husband and I had VERY little debt but after 80 something days of me being in the hospital last year, that has changed. Debt can be extremely stressful. Believe me, there are times I wish someone would just hand us a bunch of money to pay all these doctor bills off but I know that won’t be happening! Ha! Here are some things that we have done in the past that worked and that we had to begin again to dig out of debt once again!
Extra Cash?! Sign ME UP!
Who doesn’t need extra cash? I know I can use some extra cash all year long but ESPECIALLY the last half of the year. Thinking about all the expenses that come with a big Thanksgiving meal, Christmas parties, Christmas gifts, and (for our family) even birthday gifts during the last half of the year. I can get a little overwhelmed, wondering “how in the world will we make ends meet?” The holidays are not meant to be stressful but often times they are!
Manage Your Expenses
We all know children are very important and being a parent means always putting your children first. It is a full-time job without a vacation and it is both financially and psychologically demanding. However, the results we get after investing much love and energy always assure us it was all worth it. While every mom wants to spend as much time as she can with her children, she also has a job and a career to manage, as well as her personal life. This is where a real challenge lies – coping with everything so that not a single aspect of your life suffers. With that in mind, we came up with some tips on how to do this even more efficiently than before.
When people think of shopping around for the best interest rate it is often in conjunction with getting a return on money in a savings account, annuity or certificate of deposits. While undoubtedly this is an important undertaking, looking for the best interest rate is often critical when one is looking for a loan. Too often we find that people looking to acquire an item- whether a car, consumer good or even credit cards look to what they are acquiring with greater focus than what the merchant is charging them for the loan. In this vein, many people will be surprised just how much their “buying power” is impacted by the getting a “better rate.” Continue reading