November 27th, 2006
Reduce Debt By Saving Money on Electricity
By Kathy Burns-Millyard
One of the best ways to reduce existing debts, is to pay extra on those debts each and every month. Most Americans with large amounts of debt however, believe they don’t have a dime to spare for paying extra. It may be easier than you think though. There are a myriad of ways to save money every day, but this article will concentrate on how to save money with one of your most expensive household utilities: Electricity.
Tips on Reducing Your Electric Bill:
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November 26th, 2006
Yes, You Can Get Ahead
By Justin Ertelt
“Whatever you can conceive and believe, you can achieve.” Wrote Napoleon Hill decades ago in Think and Grow Rich. It summates how people achieve their dreams and how it is possible for you to save your way to success.
Irregardless if you’re a Democrat and you think the Republicans are destroying this country, or you’re a Republican and you think the Democrats are destroying this country. Irregardless of the high oil and gas prices or the increasing amounts of natural disasters, or the political storm and wars in the Middle East. Irregardless of the higher gas prices you pay at the pump just to drive to work, or the mounting bills, or “everything seems to cost more”, or you didn’t get the raising you were expecting. Irregardless, you can still get ahead.
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November 24th, 2006
Beware “Courtesy” Overdraft Protection
By John Wagner
In the past few years, many banks and credit unions have implemented a program called “Courtesy Overdraft Protection”. While that name sounds nice, it is simply another name for “High Priced Overdraft Loan”. Banks and some Credit Unions like this product because it enables them to get a significant boost in fee income while providing a so-called “service” to their customers.
Courtesy Overdraft Protection works like this. Banks or Credit Unions place their customers on the Courtesy Overdraft program, sometimes without their knowledge. If the customer writes a check that they don’t have funds to cover, the bank or credit union will cover the check temporarily. The bank or credit union will still assess a fee for insufficient funds to the customer but the check has been paid. The next deposit made by the customer will help to cover the short term loan.
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September 19th, 2006
Key Aspects Of Managing Your Personal Finance
By James Taylor
Increasing consumerism has given rise to the phenomenon of over expenditure by even an average earner and in turn has resulted in more and more people reeling under debt burden. The problem escalates because people care little about key aspects of personal finance. One can in fact benefit much if finance availing and management aspects of personal finance are especially taken care of.
Both finance availing and management of personal finance goes hand in hand. Main sources of personal finance are credit cards and personal loan. Credit cards have become most popular and easier way of both taking finance and making expenditure. Every item purchased goes to the cardholder’s bill. Lack of cash often encourages consumers to swipe credit card more. This only results in debt accumulation. To minimize credit card debts, take precautions. It would save you lot of money if you use credit card only when there is no other alternative to it because if the dues are not cleared in time the credit card issuing company slaps high penalties. This worsens the debt problem. Also, when applying for credit card, make sure you pick up the company that charges the lowest possible interest rate. Your interest outgo must remain lower so that you save enough for other expenses and rainy days.
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September 18th, 2006
Saving Money and Living Frugally
By Adam Knife
No one wants to be stuck in a situation without enough money, though, many end up in the exact situation. From single parents who have to raise and take care of a young child to the businessman who loses his job, there are hundreds of situations that could leave you strapped for cash. To chop down your expenses, there are some major tips you can take.
The first, and most important, as well as most obvious movement is to cut out non-necessities. Anything which there is a cheaper and equal alternative to, you can replace. You don’t need brand names anymore, you don’t have the money to spend on them right now. Stick to store brands where you can, and make sure you get good use out of your coupons.
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September 11th, 2006
How To Start The Envelope System At Home
By Kevin Farrar
The use of checks, credit cards and debit cards has proved a convenient way to purchase. In addition to that if we have our paycheck set up on direct deposit it is possible to live for months without touching cash. One of the problems with cash-less living is that unless we are extremely disciplined we expand the boundaries of our spending. In fact it causes many people to spend well beyond what they can afford.
It has been estimated that we will overspend by 15% or more when we don’t use cash to pay for purchases. Just imagine what you could do with 15% of your annual household income. Wouldn’t it be worth trying something different just to find out if it works?
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August 24th, 2006
10 Effective Ways To Reduce Your Expenses & Increase Your Savings
By Edy Subiyanto
A lot of people outspend their income every month. What most people earn from their jobs is simply not enough to meet their needs; hence most people take on a second part-time job or start their own business to supplement their income from their main jobs.
In addition to finding ways to increase one’s earnings, there are several key ways through which you can reduce your expenses; manage your finances better and start saving some money.
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You can’t get out of debt by incurring more debt - so stop debting
