For financial peace of mind it is important to get out of consumer debt. Here are 5 steps that will get you out of debt and save you a lot of money in the process.
Debt
YOU’VE MADE IT! The 31 Day Financial Fitness Boot Camp Course is complete…almost. You have just one more easy challenge left. Please take the 31st Challenge now and hit comment on this blog and tell me what you’ve learned, experienced, liked, didn’t like, had difficulty with, etc. Then tell me what you plan to do to keep improving on …
Karen coauthor of our financial book writes, “Did you know that many people are paying a monthly payment of anywhere between $50 – $400+ per month for insurance that doesn’t even benefit them? Yep, it’s called private mortgage insurance or PMI. This insurance benefits your lending institution if you default on your loan. If you …
Well, we are just over halfway through boot camp. I hope you are not tired of financial fitness challenges! But in case you need a little breather and a bit of motivation, today we are going to do an exercise to help you finish strong. Karen writes, Challenge #16 – Grab a pen and paper right now and …
A credit report is a must-have for buying a vehicle, a home, and any large purchases with a loan. Often you also have to have a credit score to rent an apartment, turn on utilities, get approved for a credit card, and sometimes even to get insurance or be hired. Having a good credit score …
Today’s task is probably going to come as no surprise. Although it may have been expected, it is none the less extremely important to actually do. What you’ll need: the excel file here, knowledge of your income and bills/expenses (which is where those handy financial statements you’ve been looking at coming in), and if at all possible …
Today’s challenge is part of a three-day/three-challenge series (Challenges #7-#9). If you haven’t done Challenge #7 yet, please do it along with this one. Challenge #8- Today you are going on a ‘treasure hunt’ of sorts through your financial records. You will take your statements for at least the last two months (preferably 6) and review …
Years ago, I took the time to look over all of my statements for the previous three months. I went over all of our financial transactions to see three things: How much we were spending over or under our income, If and where we were wasting our hard-earned money (see what we could cut out …
In order to get ahead financially, you must spend less than you earn…aka save money. If you don’t have savings, its time to get one. If you are saving, that is awesome. You can take today’s challenge to improve your system (if possible). Saving money is crucial because living from paycheck to paycheck is not …
I worked on a customer support team at a company that charged monthly memberships for their services and products. I would get calls all the time from people asking me to reverse multiple charges, often admitting that they had forgotten about the membership and hadn’t checked their statements for months. Most of the time I …
Today’s task may take a little more time than the last two, but it may save you thousands! Many people know how much they owe in debt including credit, vehicle, mortgage, etc. but hardly anyone calculates their real debt figure. The number of debt owed plus the amount of interest paid over the life of …