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Tag Archive: credit

BUYING A HOME? IMPROVE YOUR CREDIT FIRST

Written on December 30, 2011 by Barb in credit, debt, guest post, real estate

When you realize how much money you can save over the mortgage life by improving your credit score, you’ll want to wait to purchase your home until you can qualify for a lower rate.

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DEBT REDUCTION IS LIKE DIETING; Trim Debt with David Bach’s DOLP Method

Written on March 21, 2011 by Barb in credit, debt

Debt, like dieting begins with confronting reality. In the beginning you must step on the scale and face up to your weight. The same tenet holds true with debt, if you don’t know where your debts are and how much you owe, you cannot begin to eradicate them!

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GOOD DEBT

Written on November 7, 2010 by Barb in career, credit, debt, spending

Sometimes credit card debt is inevitable. Fall on financial hard times? Cut expenses first, if you must, pay only the minimum on your credit cards.

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NO-BRAINER MONEY MANAGEMENT FOR COLLEGE STUDENTS

Written on August 28, 2010 by Barb in budget, credit, debt, goal setting, money management, spending, Yakezie

“Life consists not in holding good cards but in playing those you hold well.” Josh Billings

Build skills in all areas. Set goals. Success will follow.

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NEED EXTRA MONEY?: Do Not Do This!

Written on August 21, 2010 by Barb in investing, saving

If you are on the brink of a financial disaster, and have a 401(K) or IRA from an employer, you may be tempted to withdraw those funds. If you are on the brink of a financial disaster, and have a 401(K) or IRA from an employer, you may be tempted to withdraw those funds.

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NO DEBT IF I WAS A DOCTOR

Written on August 12, 2010 by Barb in debt, guest post, saving, values, Yakezie

Let’s say a doctor has to spend 50% of his/her salary on insurance, taxes, and expenses like that. That would still leave the worst paid doctor with about $87,500 a year. I’ll also say that this hypothetical doctor has $150,000 in student loans as the average college debt for doctors was listed at $140,000.

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Summer Reading for the Personal Finance Enthusiast

Written on July 21, 2010 by Barb in carnival, credit, debt, life, spending, taxes, Yakezie

Summer’s a time when you can kick back, relax and read a bit more. In that vein, I’d like to recommend some enjoyable and informative articles I’ve come across recently. Get a taste here, and stop by the authors’ sites for the full versions.

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The Secret to Cutting Your Debt IMMEDIATELY

Written on June 9, 2010 by Barb in credit, debt, goal setting, life

“Say NO out of love, and yes out of weakness.” Suze Orman

This means, NO to yourself for frivolous spending, NO to your kids. And NO to extravagances (you cannot afford) or wasteful spending. You will increase love of yourself and those around you when you practice the discipline to say NO.

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Understanding Credit: Part 3 Esmerelda Revisited

Written on May 27, 2010 by Barb in credit, debt

“It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.” Daniel Akaka Not really much to add to this quote except—-PAY ATTENTION TO YOUR SPENDING! MAIN TOPIC: What Happened…

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Understanding Credit: Part 2 – What the Heck is a Credit Score and Why Should I Care?

Written on May 13, 2010 by Barb in credit, debt

When I first started buying real estate, I had no idea what a credit score was. People didn’t talk about credit scores and I just assumed there was ONE interest rate, depending on the term of the loan. In other words, if you took out a loan for 30 years, then you got the banks prevailing interest rate.

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