Posts tagged as:

Credit Cards

Showing Your Finances The Light of Day

11.25.2008

How should I deal with my debt? I’m often asked what is the most important step in dealing with debt and the answer I invariably give is to start by getting visibility to what’s happening with your finances. About a year ago I had a conversation with a friend who told me that she and her husband had just been to see a bankruptcy attorney and that he recommended that they declare bankruptcy.

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6 tips for a debt free Christmas

11.13.2008

Why after every Christmas are most people looking at huge credit card bills wondering, “Where did all that money go?” It is no different than any other area of our lives, if we don’t have a leash on it – it will be out of our control. Think of your money like your neighbor’s dog

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0% credit cards are not free

10.15.2008

After a reader pointed out that 0% credit cards are not free, I had to dig into it… To boil this down to it’s simplest level, the point is that when you use a credit card, the merchant has to pay Visa or Mastercard for you using it. So while you may not see that charge itemized anywhere, it will get added into the price of the goods you buy. Each merchant isn’t going to just take a smaller amount of profit so you can use a credit card, they are going to add that cost into their overhead.

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Quit spending (Part 4)

08.04.2008

Getting out of debt part 4…Getting out of debt, creating wealth, living financially free, retiring with cash in hand can all be achieved by following one simple rule: Spend less money than you make.

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Seth Godin’s one piece of financial advice

06.24.2008

Seth Godin, one of the premier marketing gurus of our time, recently wrote a post for “college grads or just about anyone.” I have read a few of Seth’s books, including a personal finance book he wrote, and have always had a lot of respect for him. He is a great marketer, but more importantly he really seems to be a honest guy trying to do the right thing. He has taken the long-term approach to doing things and it seems to have paid off for him.

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Becoming richer than Rockefeller

06.08.2008

How could I possibly be richer than John D. Rockefeller? With as wealthy as he was, he could have had anything that money could buy. But what a few hundred dollars may buy today, couldn’t be bought with millions 150 years ago.

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You don’t deserve it.

05.05.2008

I don’t normally go off on rants here, but I am getting frustrated with credit card companies. I have seen quite a few ads that say, in one way or another, that you should buy stuff (a lot of it) with your card, because YOU DESERVE IT.

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Christians and Debt

03.04.2008

Should a Christian be in Debt? The Bible makes it clear that being in debt is not God’s best for us. I haven’t found anything to indicate that it is a sin for a Christian to be in debt

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Debt Snowball Method (Part 7)

02.10.2008

Debt Snowball: Dave Ramsey’s method for getting out of debt. Creating a debt snowball is Dave Ramsey’s preferred method of getting out of debt. The strength of using this method is that it focuses on the behavioral side of finance rather than the mathematical. Since we are not robots that always do exactly what we know we should, I recommend this method for most people.

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Should A Christian Have A Credit Card?

10.15.2007

Credit cards may be a more recent phenomenon, but the concept of borrowing from others goes back a long time. The Bible mentions borrowing and lending many times, but credit cards are never explicitly covered because, well, they didn’t exist.

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Money doesn’t solve money problems

08.30.2007

I mean if you were making what your boss is making, it will not fix your financial squeeze. There is a famous principle that expenses rise to meet income, so if you are having a hard time paying your bills or making a dent in your mountain of debt money is NOT your answer.

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How to quit spending more money than you make

08.26.2007

So you want to learn how to quit spending more money than you make? Here are a few ideas…
Just like there are more than one way to “skin a cat” or to quit smoking, there are multiple ways to spend what (or less than) you earn. Listed below are the steps that I took to make it happen for me.

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Expenses rise to meet income

08.06.2007

Expenses rise to meet income. This is the gist of Parkinson’s law. This is the reason that a couple months after most people get a raise, it feels just as tight financially as it did before the raise.

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How to get a free $100 gift card in under an hour

07.01.2007

No, this is not a get-rich-quick scheme, and you probably can’t do it more than a couple times a year. But, it does work and I have done it about four times to date.

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