Bills or Debt -What Are Your Suggestions for Going on a “Financial diet”.?
Well I am always on the
lookout for quality articles on
Weight Loss Diets. This evening, I
came across a really
fun piece of content that discusses Weight Loss Diet from a different
angle. Today’s new post is titled Bills or Debt -What are your suggestions for going on a “financial diet”.? .
Question by Cid Young: Bills or Debt -What are your suggestions for going on a “financial diet”.?
Bills or Debt -What are your suggestions for going on a “financial diet”.
Many of my friends may need help with saving money, but they often spend on things without thinking. Every now and then, I need some new ideas on how to cut down.
Your ideas?
Just helpful, easy suggestions, please.
Best answer:
Answer by goldengirl64
try this website it might be some help.
http://www.debtsmart.com
Know better? Leave your own answer in the comments!
Just don’t create debt. When you hear over the intercomm that you can save $ 20 if you open an acct, that’s bullcrap! The interest alone on that acct will set you back hundreds. I had to sell my truck to pay off my m/c. It killed me to see my truck go cuz it was paid off. But, I’m actually saving money now because I got rid of all credit cards. I still have them, but I am far more disciplined. Now, with a modest car that’s good on gas, it’s the only debt I have. In fact, I’m working on helping my poor ole’ retired ma pay her cards off now. And it’s working! That’s the trick I think. Discipline.
Here is what I do. I have an awesome salary but I have always been a spender. I did have one good rule though and that was to save for the future. So I always maxed out my 401K, I started college savings for the kids early, I never borrowed for more than 36 months on a car, and I always paid extra on my mortgage.
I always had all of the above come out of my check first, stuff like the mortgage too into a separate account. I then rarely used credit cards and just paid for stuff with cash or by check. So pay your long term stuff first and there is your savings.