Yearly Archives: 2012

Ways To Save Money On Healthy Food Giveaway

When it comes to debt reduction and looking at budget expenses, many are fixed and there is very little that can be done to reduce them. One area where costs can be cut is with the grocery budget. Unfortunately, many people decide that the only way that they can save money on their food budget is to begin purchasing unhealthy food. This is nothing more than an excuse for being lazy. While you may need to work a little harder … Continue reading

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10 Ways Ditching Your Car Can Save Money

By Danielle Warchol When people think about getting a car, especially a second car, they often look into the best green cars to help the environment and save money. When a car is truly needed, this is a good way to go, but more and more people are actually doing something that was once considered radical. They are foregoing a car (or second car) all together. Not only is this the greenest choice, it can also save a lot of … Continue reading

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How to Effectively Generate Rental Income from a Second Home

The opportunity to generate extra income from a second home has never been greater. This is down to the simple fact that more people are looking to rent rather than buy due to the unstable economic environment. If you’re in a position where you can buy to let there is some serious money to be made, but it’s not a complete walk in the park as there are still some things you’ll have to sort out before you can begin … Continue reading

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$125,000 of Debt

By Debt Avalanche As part of the debt avalanche, we ended up getting rid of $125,000 worth of debt in 9 months. Here is how the debt was broken down: credit card 1: $8,250 @ 6.9% credit card 2: $5,300 @ 8% credit card 3: $13,500 @ 9.9% credit card 4: $6,600 @ 17% credit card 5: $19,800 @ 23.5% car loan 1: $24,000 @ 2.9% car loan 2: $6,000 @ 4.2% student loan 1: $30,000 student loan 2: $12,000 … Continue reading

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Debt Avalanche

By Debt Avalanche There is an elephant in the room when it comes to debt reduction that nobody seems to want to talk about — that people want to keep their current lifestyle as much as possible while reducing their debt. The fact is that 99% of people that begin the debt reduction process do so while trying to keep their current lifestyle in tact as much as possible. I decided that for me this was the wrong way to … Continue reading

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Create A Budget: Debt Reduction Basics

When you put things in black and white in front of you, they all of a sudden start to make a lot more sense. This is very much so the case with fixing your debt – writing your budget in black and white on a piece of paper will help you to realise the sectors of your life in which you can save money and the sectors in your life in which you can spend more. When it comes to … Continue reading

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Debt Will Not Simply Disappear

One of the things that many people do when they are in debt is bury their heads in the sand pretending that everything is OK and hope that the debt problems simply go away. In reality, you may feel better in the short term by taking this action, but in the long run, all you are doing is creating more financial problems for yourself. Speaking to your creditors is one of the best debt reduction tips that anyone can ever … Continue reading

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Five Snowball Debt Reduction Methods

When you are in debt, one of the best ways to reduce that debt is to adopt one of the snowball debt reduction methods. All of them are pretty simple to understand and are a great way to tackle debt. While there are some small difference in the order of the debts to be tackled using different snowball debt reduction methods, these simply vary depending on how each person wants to tackle their debt. The basics for all the different … Continue reading

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