Didnt Save for a Rainy Day? 3 Ways to Get out of a Financial Bind

Guest Post- Dixie S

Practically everyone knows that they’re supposed to put away money for a rainy day. In fact, having a substantial emergency fund is one of the keys to financial security. For many people who are recovering from a big financial setback or who are just starting out their independent lives, a rainy day fund is more of a goal than a reality. This means that when they get hit with a disaster, they will scramble to find a way to pay the bills. If this sounds like you, try the following three tips to get out of your financial bind.

Increase your income

The best way to get the money to pay for something is to earn it. Look for a part-time job that you can do around your full-time work schedule. Many bars, restaurants, and retail stores look for weekend and night-time help, and working a lot of hours will help you keep your expenses down. You may also want to consider offering your services as a babysitter, lawn mower, handyman, or even opening an online store to sell (Read More….)

Eliminate Debt In 7 Simple Steps

Having a lot of debt to pay can be very troublesome. Credit card debt as well as other forms of debts is actually a big issue especially in the United States. For example, most people who have credit cards still have balances to pay. And these balances even have an interest rate of 10%-30% APR.

If you would like to get out of debt, then you are on the right page. You should read the rest of this article in order to stop amassing more debt and to start paying them one by one.

Write down everything you have spent for a day; this is the best way to keep track of what you are spending. Every single day, you have to write down everything you have purchased or paid for. This will help you check if you are spending more than your required budget for a particular day.

Avoid amassing more debt.

Cut down all of the credit cards that you have. Only one credit card should remain. And this credit should only be used to buy during “emergencies.” The remaining credit card should only be used to purchase thing you are capable of paying off in a short amount of time.

Divide your spending into categories.

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How To Create A Get Out Of Debt Budget

Unfortunately, many people are in debt and with the loss of so many jobs, it increases the number of individuals struggling with managing their debt. The plan to get out of debt requires effort on the debtor’s part, but it is possible to live a debt-free lifestyle. It will take a combination of discipline, debt counseling, and rethinking how to spend and manage money. Some individuals may have to file bankruptcy as part of the plan for getting out of debt; however, this should be a last resort.

It took time to get into debt and it will take time to get out of debt. Although a budget is part of the plan for getting out of debt, getting educated and adhering a long range plan are just as important.

Make a Budget

A budget is the first step towards financial freedom, and it is a way to track spending. First, list all income sources, and then, list fixed expenses such as loan payments and rent. Finally, list any expenses that change from month to month such as grocery and utility bills.

It will be easier to track and set up a budget using a (Read More….)

3 Ways To Save Money Buying Clothes

Clothes are a part of many families’ monthly budget, along with food, utilities and other expenses. However, clothes can become one of the most expensive bills for a family. To remedy this, many people are doing their clothes shopping at outlet stores, salvation armies and thrift stores. However, you do not have to do this to save money on clothes. Consider these three tips to help you save money on your clothes.

1. Buy online

Sometimes, you can find great deals on clothes by buying online. This is especially true for people who live in an area that does not have many great clothes stores. For example, you may have a clothes store that sells great looking clothes, but they are too expensive to purchase. You can probably find those same clothes in an online clothes store for half the price.

This tip is great for people who need to purchase clothes for various activities. For example, if you play basketball or golf, you may have a hard time finding great basketball clothes or great golf clothes in stores. Therefore, (Read More….)

3 Ways To Save Money Using The Internet

In today’s economy, everybody is looking for a way to save money. While most are working on their budget, others are looking for alternative methods to save money. One great alternative way to save money is by using utilizing the Internet. Most people assume that the Internet is only used for information or social media, but there are great websites that help people cut back on their monthly expenses. Here are three ways you can save money with the Internet.

1. Buy Used

Sites like eBay and Craigslist make it very easy for consumers to purchase used goods. Amazon is also a great site for finding deals on various items. These sites are free to join and easy to use. While there is a risk of being scammed, especially on Craigslist, each of these sites have detailed instructions to help you identify a possible scam. Moreover, some sites have insurance policies that protect consumers from scammers.

2. Big Deals

By now, many families understand how important it is to save their coupons. Well, there are websites that help shoppers save even more money by offering online coupons. (Read More….)

3 Ways To Lower Your Spending

In this economy, families all across the nation are searching for ways to lower their spending. Instead of removing things from their budget, there are other ways to reduce their monthly expenses. Consider these three tips to help you lower your spending.

1. Cook at home

Some research suggested that nearly half of all families are accustomed to eating out more than three times a week. Initially, it does not seem too expensive to eat out, especially at fast-food restaurants, but the monthly totals can equal hundreds of dollars. In this economy, even just one-hundred dollars is a lot of money.

Additionally, some people state that cooking at home can become expensive, as well. However, with smart shopping, ingredients can be purchased at a fraction of the cost of eating out.

Moreover, along with saving money, eating at home is a great way for a family to spend time together. Dads can use their BBQ smokers to make some great food (Read More….)

Would Getting the Economy On Track Give Us A Free Pass Out of the Federal Budget Mess?

Would Getting the Economy On Track Give Us A Free Pass Out of the Federal Budget Mess?

By Scott Bittle and Jean Johnson, Authors of Where Does the Money Go? Rev Ed: Your Guided Tour to the Federal Budget Crisis

It looks like the country might finally be gearing up to tackle our massive federal deficits and growing federal debt. If history is any guide, serious debate about unpleasant things like cutting popular programs and raising taxes will be accompanied by plenty of people hawking miracle cures that will take away our pain.So it’s no surprise that a lot of commentators, on both the left and the right, say that the real answer to the deficit and national debt is to fire up the economy and “grow our way out of it,” with some even calling economic growth “the miracle deficit cure.”

There’s hardly anything more popular than prosperity. Business people thrive when the economy is growing; it creates jobs and rising incomes so workers like it too. If you’re a comic book fan, even super-villains like Lex Luthor and the Penguin enjoy the benefits. (Read More….)