Friday, August 29, 2008

Live within your means

People are tightening their belts in the crisis that we are facing now. There is an increase of unemployment, problem with wages, high cost of goods & energy, falling home values, etc. It is the time for us to be more practical and live within our means. In my household, we live within our finances. We always make sure that we don’t spend more than we have. My husband is very good with our finances. What we do is we set aside our funds first for the bills, food and the rest goes to our savings account. In fact, we don’t owe anything except our monthly mortgage. We feel that we have financial freedom and peace. By the way, in terms of buying groceries and toiletries—we shop at the store that has better deals. Make a budget for groceries and toiletries. And stick to it. In this manner, you will learn how to disciple yourself. And when you go to the store bring calculator and a shopping list with you. And look for items that are on sale. And as much as possible shop only twice a month. You will save more than a penny on your gas. You will see the big difference.

However, if you are great in debt, don’t think of filing bankruptcy. It is not a good option. It actually affects your credit rating. It is good to attain Debt relief. Don’t you know that you can Consolidate debt? There is a great site where you learn about Debt consolidation. By consolidating your debts, you can combine multiple credit debts into one low interest loan or credit card. The site that I was talking about is They have other programs that are dedicated to help consumers in terms of Mortgage Loans, Insurance, Tax Debt, Loans, Debt help, and others. You will better understand what solution is best for your current financial situation. You will find valuable information, tips, articles and be able to learn how save money. Look into the site and assess your IQ in financial. It is fun to discover and know!


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