Can you believe how close it’s getting to the end of the year? Time is really
flying by lately--at least for me.
Time. This concept has been pondered by all people
throughout...well...time itself. It would be nice to travel through time like in
the movies. Change the past, take a look at the future (Get those
winning lotto numbers).
But aren’t we traveling through time now?
Yes, we are traveling into the future. As far as money goes, time can be your
friend or biggest adversary. If you have debt at high interest rates, then time will
destroy your future earnings. Eating your resources like a black hole consumes
planets.
If your debt is at near zero percent, then time is your friend by delaying the
repayment of today’s money, which will be far cheaper to attain in the future
because of inflation.
The best scenario occurs after the debt is paid and the cash can be saved. Same thing with your retirement accounts. Start investing
early and time is on your side.
But of course, the best time is always now, the present. It is now when you
need to decide how to best use time to your advantage.
Cheers,
Scott
Helping Daughter With Debt
by Scott Bilker
Scott,
Our daughter, who is 31 and single, has $15,000 in credit card debt
that would we like to help her get out from under. This debt consists of
two different maxed out credit card accounts that are both charging very
high interest rates, as well as late charges and over the limit fees.
We are considering refinancing our mortgage, which currently has a
balance of $47,000 and a 5.75% rate. We will continue to make the same
payments we're making now, and she will make the additional amount needed
to pay off the loan in about 6 years. That way she would not have any debt
showing up under her name, and we would be able to take the additional
interest off as a tax deduction.
Even though there would be closing costs involved on a refinance, I
still feel that those charges would be less than the interest on the
credit cards over the long term. Is this a good solution or not? By the
way, we have had several lengthy discussions with her about how to manage
her finances and also purchased your "How to be more credit card and
debt smart" manual for her.
"Advice that saved $734 and helped get $490 in credits"
"I took your advice and moved the remaining $18,900 dollars of my car
loan at 4.9% interest onto two, 0% credit card offers I had received. According
to my Credit Union’s own loan calculator this has saved me $734 in interest
alone this year--more than a payment on the original loan.
I also applied for and got the AmEx Blue, Cash Back Credit card that is
advertised on your site. So far I've accrued $430 in cash back credits. After
using this card I got a Mastercard paying 1% on purchases and 3% on gas. So far
I've earned over $60 in credits and by the end of the year the two cards should
make another car payment.
Ann and Sharon are good friends each with a son that has the same birthday.
They’re going to have a birthday party for both of them together and decide to
serve pizza. There are three sizes available small (11 inch) for $7.95, medium
(15 inch) for $12.95, and jumbo (17 inch) for $16.95. Based solely on the size
and price which size pizza is the best deal?
The Frugal Shopper's Favorite Frugal Tips
by Sandy Shields
The following are my favorite frugal tips that I use on a regular basis. I
hope that they will help you as much as they have helped me and my family.
-----------------------
Keep a positive attitude.
When you succeed at saving money you are helping yourself. Pat yourself on
the back for meeting your goals. Remember that just because you have determined
to live by a budget, does not mean that you are "cheap".
Helping you with your debt is very important to me personally! If you've been
reading my articles, you know that I always encourage self-help as a first step.
However, being buried in debt can be very overwhelming, which is why you may
want to explore other options.
One of those options is professional, ongoing help with credit counselors.
I've started to personally check out certain companies so I can recommend the
ones that are worth considering!
If you would like to speak with a representative from a...
By using the Alexa Toolbar you help promote and support DebtSmart.com plus
much more...
It's a GREAT tool for knocking out pop-up ads. It installs in seconds and
becomes part of your browser window. It’s also easy to turn off, just go to
"view, toolbars" and unclick Alexa.
Alexa is an Amazon company. They track, and rank, all web sites based on
activity of toolbar users. That’s fine with me because Amazon is a trusted
online company, and I’m tired of the pop-up ads.
This toolbar really did the trick of eliminating those annoying pop-ups, which
is especially great if you have kids so they don’t tricked into clicking on
something you wouldn’t want them to see. You can decide which sites you want
to block the pop-up from and those whose you need. For example, you don’t want
to block pop-ups from DebtSmart.com.
Please support DebtSmart.com by installing this custom Alexa Toolbar right
now--thanks!
The Top 10 Destructive Money Beliefs (and How to Overcome Them)
by Dan Klatt
If you're not making as much money as you'd like, then you're holding onto
some negative beliefs about yourself and how much money you're capable of
handling.
In this article we'll go through 10 of the most common (and most limiting)
examples of how people hold themselves back financially.
Subscribers to my ezine, "The Abundant Mind," get a Money Beliefs
Quiz. From their results I've compiled these Top 10 Destructive Money Beliefs.
How many can you relate to?
10. "Money is not spiritual."
Here's the belief that you're somehow more spiritual or more likely to have a
better afterlife if you sacrifice greatly this time around. Or that you'll
suffer after you die if you...
The author(s), Press One Publishing, and DebtSmart.com shall have neither
liability nor responsibility to any person or entity with respect to any loss or
damage caused, or alleged to be caused, directly or indirectly by the
information contained in this email newsletter and/or at the DebtSmart.com web
site. The information, methods and techniques described may not work for you and
no recommendation is made to follow the same course of action. Every effort has
been made to verify the accuracy of all content contained herein. However, there
may be mistakes; typographical, mathematical, or in content. This email
newsletter and the DebtSmart.com web site have been created for your
entertainment only. You must always seek the proper professional advice before
taking any financial or legal action. You have been warned.
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