What Are You Tolerating In Your Life?
by Michael Angier
In order to be successful it's critical that we become clear about what we really want and why we want it. But the flip side to that is to also be clear about what we DON'T want. We all have things in our life that, at best, don't serve us. Many of these things actually detract from the quality and satisfaction of our lives. What we've found to be helpful is to...
DebtSmart Email Newsletter: 5/7/03
by DebtSmart Email Newsletter
In This Issue; Cool Quote; Letter from the Publisher; Excerpt from; "Talk Your Way Out of Credit Card Debt" Future Wealth; Household Math™: Cutting the Budget Your Social Security Statement What Are You Tolerating In Your Life?; DebtSmart Resources; Subscribe/Disclaimer Information
Household Math™: Cutting the budget
by Scott Bilker
Susan spends 30% of her income on housing expenses, 30% repaying her credit card debts, 20% on all taxes, 10% on groceries, 5% on clothing, and saves what's left over. She decides that she wants to pay back her debt more quickly and to do that she needs to do a few budget cuts. Susan cuts the grocery bill by 25%, the clothing spending in half, and dedicates all the money she used to save toward the credit card debts. How much, by percentage, of her income is now being used for repaying credit card debt?
Your Social Security Statement
by Doris Dobkins
This week, I received in the mail my Social Security Statement. These annual reports are always very interesting to me as I'm anxious to know what the government will send me for my monthly income when I retire. Here's an example of what a typical Social Security Statement might...
Future Wealth
by Damien DelRusso
Like many people, I am interested in retirement, and what my finances will look like when I retire. Or, put another way, when my finances will allow me to retire. I've done a fair bit of study on the subject, reading books such as "The Wealthy Barber," "The Millionaire Next Door," and "Rich Dad, Poor Dad," among other publications on debt, saving, and investing. One common theme, especially for those without huge incomes...
10 Credit Myths
by Scott Bilker
As they say, "Knowledge is power." Many times people either act on false information or fail to act because they didn't know what could be done to their benefit. This is the case in many areas in life, but on the top of that list is money. And in the money category you will find lots of misinformation about credit. There is so much to talk about on the topic of credit myth that an entire book could be dedicated to it.
Ten Easy Ways to Get Extra Cash
by Doris Dobkins
Are you in debt? If so, then you may be struggling for extra cash to pay off your debts and this article was written for you. We'll list a few ideas here for you to get some extra money. Now just promise to spend that money on your debt and not at the mall!
Household Math™: Cash Flow
by Scott Bilker
Kim is trying to save $800 for tuition. She makes brings home $60 per week. Kim also has a total of $160 of out-of-pocket expenses each month. How many months will it take her to save the money needed for tuition?
How Much?
by Gary Foreman
I understand that 25% of my monthly income should be for mortgage, taxes and insurance. How much should I plan for the remainder of my budget? There are two of us in our household. Is there a set formula? Also, if I plan to retire in the next 5 years, should I be carrying a mortgage for the sake of a tax write off?
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