Perfectly Imperfect Family and Finances » debt reduction

how to use debt reduction calculator – morecalculators.com

admin — Sun, 08 Aug 2010 02:21:10 +0000

Tutorial video showing how to use the features of the debt reduction calculator found at http://www.morecalculators.com .

The credit card calculator is located at http://www.tonymassey.com/debt-reduction-calculator.htm .

Duration : 0:8:46

[youtube A9Y29-MWl_c]

Debt Reduction Services

admin — Sun, 08 Aug 2010 02:21:09 +0000

Learn about debt reduction services, debt relief services, debt reduction and credit card debt relief.

http://www.christianet.com/debtreduction/

Duration : 0:1:13

[youtube AZheK4X7bfs]

Showell Blades Bankruptcy Seminar

admin — Sun, 08 Aug 2010 02:21:07 +0000

South Carolina Bankruptcy Attorney Showell Blades leads a 90-minute seminar on Chapter 7, Chapter 11, and Chapter 13 bankruptcy trends and procedures.

Duration : 1:33:36

[youtube Af06k4fNFQg]

Credit Card Debt, Bankruptcy,& personal finance for doomers

How to eliminate $5,000 credit card debt – debt reduction tips

admin — Sun, 08 Aug 2010 02:21:06 +0000

http://www.howtoeliminatedebt.org/ Learn the various ways to eliminate $5,000 of credit card debt and find the best debt relief solution – is it debt settlement, debt consolidation, or bankruptcy…

Duration : 0:4:8

[youtube TkCZp6MMfAg]

World’s Worst Credit Card?

admin — Wed, 04 Aug 2010 13:07:38 +0000

Think you’ve got it bad with the fees your credit card charges you? Well try this: $247 up-front, for a $300 credit line… And that’s not the worst of it!

Duration : 0:1:36

[youtube FunpS4QXcRI]

debt reduction calculator

admin — Sat, 31 Jul 2010 18:54:39 +0000

http://www.simple-steps-to-financial-freedom.com/debt-reduction-calculator.html

Save Tens of THOUSANDS of dollars and shave YEARS off the time you’re in debt by using this FREE debt reduction calculator.

Do you want to save yourself $50,000 to $100,000+ over then next 10 to 20 years?

If so… PLEASE watch this video.

Most people are not aware of the simple strategies they can use to get out of debt fast and save big money on interest payments.

This is the best debt reduction calculator I’ve found and it does what I’ve seen other companies charge $3,500 to $7,000 dollars to do.

http://www.simple-steps-to-financial-freedom.com/debt-reduction-calculator.html

Duration : 0:6:18

[youtube f-iPCIXKjd0]

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Getting Your Finances in Order

Mr. Imperfect — Wed, 18 Feb 2009 17:01:49 +0000

Welcome! If you are new here, consider subscribing to our RSS feed to get post as soon as they are available. Not sure about RSS feeds? For a description, and a brief tutorial, check our RSS Page.

Has your financial documents and other important information ever looked like this? Ours did not too long ago. When we first started to get out of debt and try to take control of our finances we really had no idea where to begin. Our bills were in the house somewhere(or so we thought). We ended up just making guesses at what we owed to whom when we made our first budget and debt list. Now, we can lay our hands on most any document we need in less than 2 minutes. Here is how we got started:

We started a file system Originally this consisted of tan manila folders in a pile (a filing cabinet was a luxury at the time we were going to do without). We had each bill we owed in its own little folder. Then we placed the bills in groups: credit card debt, personal loans, car loans, and household expenses (mortgage, insurance, taxes, phone, electric, water, etc.) These eventually migrated to a box that had once held reams of copy paper, and from there into a filing cabinet.
We processed immediately As soon as the mail came through the door it had a place to go. If it was a bill it was placed in the “to be paid” folder in whatever position it needed to be based on date. Once paid it was transferred to the correct account folder. If it was a bank statement it was reconciled and filed. The point is that most of our disarray was caused by just laying the mail down when we came in and forgetting about it.
We started a master list of bills This is a tip I read about over at No Credit Needed. The list contained all of our bills, the estimated balance, the interest rate, and the date due. At any moment we can look and see where we stand on our consumer debt.
We started an account and number list Another idea we gleaned from NCN. The list has all our accounts (bills, checking, savings, etc.) with the name of the account, account number, account balance, address, and any relevant phone numbers.
We go over the finances once a month If you are in a relationship that you share financial responsibility in, it is imperative that you communicate and keep each other informed. It also helps that you are looking at the progress made together. It makes it easier to say no to the $20 container of coffee and go with the $12.

That is what worked for us. We started cutting expenese (who really needs to spend $130 a month on movie rentals?) and earning a little extra here and there. It is paying off in huge dividends right now. We just paid off one of our personal loans last month, and we are on track to reduce our overall debt by 40% this year.

Thanks for reading, we hope you have a great and wonderful day. Feel free to leave an orginization tip that has helped you in the past, or make a suggestion on a topic you would like to see on here. Take care.

What Debt Would You Pay Next?

Mr. Imperfect — Fri, 06 Feb 2009 03:57:14 +0000

Welcome! If you are new here, consider subscribing to our RSS feed to get post as soon as they are available. Not sure about RSS feeds? For a description, and a brief tutorial, check our RSS Page.

As noted in our last post, we have paid off our first bill this year. It was a personal loan that still had over a year left. Now, the question we face is which bill do we pay next? There are several schools of thought here, we are going to list them and then ask your opinion.

Pay off the debt with the lowest balance.

If we do this, we could have our next bill paid off in around six months. The idea about this way (which is part of the Dave Ramsey plan) is that it gives you a psychological boost each time you pay a debt off. It also helps you stay disciplined and on the right track.

Pay off the debt with the highest interest rate.

This way allows you to save more over the long run. The difference in interest expense can be considerable over time. By getting rid of this debt early you can save all the money that would have been spent on the interest.

Pay off the debt with the lowest interest rate.

If you are following some sort of a payment schedule (sometimes called a “snowball” by Dave Ramsey readers) you may place all of your extra money into paying off the bill with the lowest interest rate. Here the concept is that since the payment has less interest, more of your money is going toward the principal. Since a lot of us have our lowest interest rate in our mortgage, I think the sheer amount of time required to complete this would ne demoralizing. This is definitely not the way we are going.

Well, we would like your thoughts on the matter. On our site (for those of you getting this via a feed reader or email) we have a poll going for the next two weeks. Come on over, tell us what you think, and we will display the final tally on Feb 21, 2009.

Thanks for reading and have a great day!