Archive for February, 2008

Financial Advice for Newlyweds: Pay Yourself First

Monday, February 25th, 2008

It’s important for a newly married couple to keep a close eye on their finances and their spending habits. Get organized and keep tracking of what you spend your cash on. Make sure to cut about 15% of your spending money to put into your savings account before you go out and spend any money. Do this each and every time you get paid and your bank account will grow rapidly. Make sure that you are spending less money than you are making in order to avoid debt so you can bank more cash.

Financial Aid: Pay Off Your Biggest Debt First

Friday, February 15th, 2008

One of the most frequently asked questions by individuals who find themselves drowning in credit card debt is how to get out of the financial mess they are in. One of the first steps you should take in trying to get yourself out of major credit card debt is to pay off the card that has the most debt and the highest interest rate. While you are whittling down your major debt you can be making the minimum payments on your other cards until all of your debt is paid in full.

Credit Card Advice: Pay More than the Minimum

Tuesday, February 5th, 2008

If you are carrying a hefty balance on your credit card, or are in a lot of credit card debt, the most sure fire way to get out of hot water is to pay more than your minimum monthly payment. The reason for this is that by only paying the minimum payment, you’ll take longer paying off the card, and this will accumulate a lot of interest. This is good for the creditors, but not so good for you. If you want to avoid falling deeper into debt you’ll have to step up the amount of money you drop on your credit card each month