Revolving Balances On A Credit Card..Good Idea or Bad Idea?
Mar21

Revolving Balances On A Credit Card..Good Idea or Bad Idea?

Is revolving balances on a credit card a good idea or a bad idea? I was recently talking to someone who believed that it was a great idea to have revolving balances on a credit card. His rationale was that by limiting the available credit he would be less tempted to spend on the credit card. (If you are not reading this post at www.howisavemoney.net or in your feed reader, it may have been stolen from my site.) I was totally...

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Pay Off Your Debt Faster:Debt Snowball
Dec17

Pay Off Your Debt Faster:Debt Snowball

Do you want to know how to pay off your debt faster? One of the best ways to pay off your debt quickly is to use a debt snowball. There are different methods to the debt snowball but the underlying principal is the same. To have a debt snowball here are the steps you need to follow: List all your debts in order of size Pick a target Pay the minimum on evertyhing except the target Pay extra on the target Pick a new target once the...

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Financial Mini Check Up Before The New Year
Oct22

Financial Mini Check Up Before The New Year

The new year is still a couple of months away but I think it is time we all do a mini financial check up. The reason is that many of us choose to make resolutions in December and our financial health needs to be a  part of those decisions. In order to make the best financial decisions for 2013 I think we should all take a minute to do a mini financial check up. Take the time to look at a few of the following items: -savings goals...

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Reader Question: Paying For Insurance When Someone Else Owns A Car
Jul23

Reader Question: Paying For Insurance When Someone Else Owns A Car

So today I have a question from a reader and I have no idea how to answer it. I wanted to throw it out to you guys and gals to see if anyone has a response. Reader Question: Hi Lulu, I am in a bit of a bind and I just wanted your advice on something. I recently lost my job and had to sell my car. After a few months I got a new opportunity and was able to get another car. The thing is I did not have income (although I have savings) so...

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Should You Even Consider Using A Debt Relief Company To Help You Get Out Of Debt? (Guest Post)

If you listen to the ads on TV, getting out of debt is easy. All you need to do is make one phone call and immediately get rid of 40-60% of your debt. Of course, getting out of debt is not really that easy. Sure, there are ways to eliminate large chunks of debt. In fact, debt settlement (in which you negotiate with your creditors to pay your debt off for less than you owe, which is where the 40-60% savings comes from) is a great...

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