Filing bankruptcy can affect your credit more than almost anything else, but that doesn't mean you should avoid bankruptcy if it's the best solution to get your finances back on track. Bankruptcy can be the perfect opportunity to start over and rebuild your credit. Here's how you can do it. Make sure your bankruptcy is reported correctly. Order copies of all three of your credit reports. You can use AnnualCreditReport.com if you haven't already received a...
Every year, I make it a goal to have my holiday shopping completed before the holidays actually hit. Planning ahead for holiday gifts can not only help you to save on stress, but save on cash as well. Here are a few budget-friendly holiday gift ideas. An Amazon gift card: Warehouse stores, such as Costco and Sam's Club, sell gift cards for less than their face value. You can also often find bulk packs of gift...
Some people can be very frugal. In certain economic environments frugality is very important and can help you save money or survive in an economic downturn. Frugality is more than just clipping coupons. Being frugal is about aiming to get the most value from life's resources, including stretching your budget to its fullest potential. In working toward achieving that value, frugal people tend to adopt a wide range of daily habits. Below are the habits I...
Every person should have a solid foundation or set of key principles to investing. Even if you are not a financial savvy person, you should still sit down and outline what your key principles are. I thought it would be helpful to share mine. Please feel free to let me know what your principles are in the comments section. Ignore daily market moves: I do not pay much attention to the daily ups and downs of...
I am not going to tell you when the next economic recession is. However, I am confident to tell you there will be another recession at some point in the future. When this recession occurs, you need to be prepared. Below are several helpful ways to prepare yourself for an economic recession. Please feel free to ask any follow up questions in the comments section. Take some time to review your finances. Talk to a professional....
Debt collectors do several things to try and collect debts from you. If you've ever had an account in collections, then you're already aware of the phone calls, letters, and placing the debt on your credit report. They also pull your credit report to get more information on you. Unlike most other businesses, debt collectors don't have to ask for your permission before they check your credit report. Credit reporting law automatically allows collectors to check...
Are you happy with your current credit card? Are you on the search for something new? Do you have big plans for eliminating your credit card debt in the near future? Regardless of your situation, it’s nice to know there’s always somewhere to turn for advice and guidance. The internet has made it easier than ever to collect information that can be used to your advantage. While there’s no shortage of credit card resources to review,...
Rewards credit cards hard to resist. Credit card issuers are constantly improving their rewards programs, offering bigger signup bonuses and more opportunities to earn. Even if you're not on the market for a new credit card, you may change your mind after seeing what many of the latest credit cards have to offer. As tempting as it might be to sign up for a new rewards card, they're not for everyone. You don't pay your balance...
Money can cause serious stress to any couple. As I have gone through this before, I wanted to share a few tips and recommendations on how to manage money as a couple or with your significant other. Please feel free to share any additional recommendations in the comments section. Be open and communicate: The most important thing you can do to effectively manage money as a couple is to be as open and honest as possible...
Fall is upon on us, and is it such a beautiful time of the year. With the change of a new season, I wanted to share a few new tips on how to save money during the fall season. Please let me know if you have any additional tips, and share them in the comments section. Stock up on school supplies for the entire year: Don’t skimp when it comes to school supply sales. Now is...
