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5 Painless Ways to Save Money

July 5, 2010 – 4:55 pm

Guilt makes you want to slow your spending. Anxiety makes you want to save towards a nest egg. But the process of alleviating these feelings takes so long to show progress, we often feel used and abused before we ever experience relief from our guilt and anxiety. In the beginning of any savings plan, you are likely to feel the same guilt and anxiety that overspending brought you, with the added negative feelings brought on by restricting your spending. So until you can get some positive reinforcement going, it’s smart to practice some simple saving tricks that leave you feeling less deprived. Here are **** painless ways to save that may help you get the ball rolling:

 

Drop Your Cable Provider

This might even be a fun exercise for you.

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5 Tips for Saving Money the Old Fashioned Way

June 30, 2010 – 2:12 am

In a time of high tech, many of us are surprised to find that the old ways are still the best ways when it comes to saving money. The same things that helped our great grandparents through the Great Depression can help us now. Our troubles today are nothing compared to life then, so imagine how much more powerful their techniques can be for us now. Here are five time-tested, proven ways to save money that will probably never change.  

 

Make Things Last Longer

Most of us have developed wasteful habits during a time when resources were more plentiful. We put too much toothpaste on our brushes, over do it on the deodorant, apply unnecessary perfumes, lather in too much shampoo and conditioner, slather on lotions and that’s just in the bathroom. T

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Credit Counseling and Debt Consolidation: Moving Beyond Financial Stress

June 29, 2010 – 11:46 am

Are you drowning in credit card debt? If so, you have plenty of company. Frugality guru and author Jeff Yeager notes that America has become a nation of spenders; this is a relatively recent trend that took hold in the early 1980’s:

In 1980, US credit card debt totalled approximately $355 billion, but by 2008 it had reached about $2.6 trillion. Numbers this large are difficult to comprehend, but US credit card debt increased almost 8 times between 1980 and 2008.

Mr Yeager asserts that our motivation for spending switched from “need” to “want,” and illustrates this trend by citing data related to the sale of housewares. In 1981,

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The Dangers of Debt Consolidation

June 29, 2010 – 3:25 am

Many individuals believe that debt consolidation can save them interest, create a lower payment, and save them from all of their financial problems. Many financial advisors and experts believe that debt consolidation is similar to putting a band-aid on a bullet wound. It may treat the symptoms, but when the bandage comes off there is still a major problem. When you use debt consolidation, your debt does not go away but rather moves from several creditors to one. You cannot get rid of debt by borrowing money to pay off one debt by establishing another debt.

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What Exactly Is A Debt Consolidation Loan?

February 21, 2010 – 7:16 pm

If you have exhausted all other options when it comes to relieving debt, consider a debt consolidation loan. The best way to think of this type of financing is as a combination of several different debts or loans into one payment. The most common type of debt that needs consolidation is credit card debt, and a card debt consolidation has several advantages.
One of the most appealing advantages to consolidating a debt consolidation loan is that it makes paying back your debt a simpler process.

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