The goal is to get ahead with our money and start experiencing more success with our finances. We want to return to the basics of financial wisdom to learn how to accomplish this. One important way to achieve any financial goal is to observe what other successful people have done to win with their money. Once we know what others have done, we simply emulate their behavior to get the …
Read more »Hard Times Ahead: How To Survive When The Going Gets Tough
You would have to live under a rock to believe that things aren’t going to get worse before they get better. I’m not one to go around telling everyone the sky is falling and that’s not what I’m doing now, but we all might have to cinch up our belts a notch before this financial crisis is over.
We are going to pay for these mistakesBack in April, I …
Read more »Is It Fair For You To Be Judged By Your FICO Score?
Your FICO score is your credit score. According to the Fair Isaac Corporation that computes your score, "FICO® risk scores rank-order consumers according to the likelihood that their credit obligations will be paid as expected." FICO scores are recognized almost universally as the standard in judging a person’s credit worthiness. However, these scores are not without their issues. For instance, if you live a debt-free lifestyle, you are likely …
Read more »Be Grateful Because We Are So Incredibly Fortunate!
You and I are very fortunate right now. We are blessed beyond belief. However, it is easy to lose sight of this in our day-to-day lives. We get busy and focused on the nuisances and anxieties of work, raising families, and traffic. We lose focus on what is really important and stop being grateful. Instead, we start feeling sorry for ourselves and get mildly depressed about the boring routine of …
Read more »Please Help Me Find a New Way To Track Personal Finances!
Keeping track of your money can be a arduous task. My wife and I implemented the envelope budgeting system about two years ago to get control of our finances. At about the same time, we subscribed to Mvelopes Personal online finance management system. At first, Mvelopes was fabulous, but through a series of events it seems like it has become harder than necessary. So, I am interested in alternatives. I’m …
Subprime Mortgage Crisis Is Going To Cost Us Money
I saw an article this week on CNN Money with the headline 70% of subprime borrowers aren’t getting help. I do not get this. The whole situation is ridiculous to me. Why should people that took out subprime mortgages expect help? They took out a loan that they can’t afford and the obvious result is now occurring. Apparently, the number of delinquent subprime loans is growing so fast …
Read more »Snowflaking Will Melt Your Debt And More!
Snowflaking is a powerful technique used in personal finance for becoming debt-free. From what I could find, this was first written about by Jaimie at I’ve Paid for This Twice Already. In her primer on the topic, Jaimie explains that snowflaking is taking little bits of money that is collected over a month and applying it to pay off your debt. Of course, in order to get any …
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