Monthly Archives: February 2012
Getting it All on Paper – How to Make a Budget
Congratulations! You’ve decided to make a budget. This is an important first step on the way to financial freedom. But where to start? It can seem overwhelming at first. But if you take it step-by-step, it’s relatively painless. There are many computer programs that will walk you through creating a budget, or you can make… Read More »
Jumpstart Your Financial Literacy
The best way to get out of debt and stay out of debt is to become financially literate. It’s easier to control your finances when you understand your finances and how they work. Don’t be afraid of money, and don’t let it control you. When you control your finances, you control your freedom and your… Read More »
Common Budgetary Mistakes
There’s no one right way to do a household budget. It doesn’t really matter how you do it, just as long as it gets done. However, be careful you don’t fall into some of these common traps. Not planning for yearly expenses. When you make your budget, you put in your monthly expenses—groceries, electric… Read More »
Bankruptcy Consultation – What You Need to Know
So, you’ve made an appointment for a consultation with a bankruptcy lawyer. Congratulations on taking the first step towards financial freedom! After you take some well-earned time to pat yourself on the back, you should start prepping for your visit. Do not go to your consultation meeting empty-handed. The more prepared you are, the more… Read More »
Top Five Reasons for Family Financial Distress
Many times people find themselves in financially distressful situations but are not exactly sure how they got there. Often times it is a combination of factors that leads to this type of situation. If you are able to recognize this early on, you may be able to avoid the consequences that come with these dangerous… Read More »
Watch Out For That Holiday Debt
Even though the holidays are over, it’s never too early to get ready for next year. During the holidays, many people fall into debt, but with careful planning, you can get through without financial worry. I recently spoke to the Daily American newspaper about the growing problem of holiday—and everyday—debt. If you find yourself falling… Read More »
Obama’s HARP Re-vamp – Some Homeowners Still Out of Luck
In October 2011, the Obama administration announced additional steps to try and help people lower their mortgage payments by allowing more of them to refinance—even if they owe more than their property is worth. The White House is taking these steps because of today’s financial climate, where many people are in debt and unable to… Read More »
Avoiding Mistakes After Bankruptcy
Once you have gone through the bankruptcy process, and come out safely on the other side, remember that you’re not quite done yet. There is still work to be done in getting on the right financial track. Bankruptcy can be a great opportunity to develop new, good financial habits and avoid some known credit pitfalls…. Read More »
