February 17, 2021

Debt Management Advice: Make Your Own Repayment Plan

The commercials run incessantly on your local and national television stations imploring you to do something about that massive amount of debt.

They call to you and tell you that you can get out of debt easier and quicker than you thought by just making a simple choice.

You can “reduce your debt by up to 70%” or “pay your debt off for pennies on the dollar”.

Anybody would jump at these claims if they were real, some jump anyways, but there is a better way for you to pay off your debt the right way.

get out of debtThe biggest mistake that people make when trying to repay their debts is that they refuse to talk to the very people that could help, the creditor.

This is especially true with credit cards as many people believe that they will begin raising your interest rates just for making a phone call about help.

This is not true, especially today when credit companies must abide by the new laws to help you in repaying your debts to them.

What you should do when you face a large amount of credit card debt and you don’t see the light at the end of the tunnel is call the credit card company and be honest.

Tell them about what led to your situation and provide some history of why you are in this situation in relation to the loss of a job or unexpected medical bills, etc.

Explain that you want to pay off your debt in full, you just don’t see it being possible with the terms as they are.

Credit card companies are smart, they realize the benefit of getting something rather than nothing and they all have plans for this sort of situation.

What you have to do is have the numbers ready for them when they call, explain why your debts got out of control and why you need their help.

You will likely have to agree to repay the debts in full with a lower interest rate over a set period of time and most companies will then require the card to be closed.

Though the closing of a card may slightly harm your credit in the end it will be more than offset by the fact that the amount of debt is off of your credit history.

In the end, you won’t reduce your debt by 70% or pay pennies on the dollar, but you will save a lot of time and money over the original terms of your repayment.

Take advantage of what the credit card companies offer and pay off your debts for as close to the principle as possible.…

December 3, 2020

Efficient Money Saving Moving Tips

Moving on the cheap? Looking to save time, money, and energy?

I’m a professional mover. I don’t move people for money. I’ve simply moved frequently.

I spent most of my adult life as a struggling single parent. Translation? I rented a lot. When you rent, moving frequently is a given.

Ownership changes, rent fluctuates, etc. When you rent as a single parent there are other factors such as transportation, good schools, and reliable daycare to consider.

I had to be clever on my budget and in my situation. Believe me, I am the queen of efficient money saving moving tips.

Don’t buy boxes from the moving company or truck rental place.

They cost less at home improvement stores. You can get small ones for less than a dollar each.

Better yet, get them for free at local businesses. Start saving boxes as soon as you know you’ll be moving.

The best boxes are small apple boxes from the grocery store. They’re sturdy and keep load weight down.

Keep your clothes in the dresser drawers.

Dresser DrawerCarry drawers separately to save your back.

This tip keeps you from buying more boxes.

It also means your clothes don’t need to be packed or unpacked.

Just leave them right where they are.

Take out the drawers full of clothes.

Put the dresser on the truck. Put the drawers back in and you’re good to go.

Save time for professional movers.

Their time is money. The more efficient you are about packing, the less time it will take them.

If you’re moving yourself to save money, the same rule applies. Get your packing finished by the day before you move.

Label everything. Put a red X on any box containing things you need right away. Unpack the rest at your leisure. Smooth move.

Move furniture first.

Want to hear my best moving tip? Get the big stuff over with first.

By the end of the day, you’ll be moving slower. That’s no time to tackle large items.

Plus, it’s a lot easier to stack boxes on a couch than to stack a couch on top of boxes.

Put your furniture where you want it on the initial move to save your muscles in the days to come.

Use payday loans when in need of emergency cash.

online payday loansIf you were going to use your own car for moving and it suddenly broke down, fix it as soon as possible instead of using professional movers.

Apply for a payday loan if you don’t have enough cash to pay for the car repair.

It’s going to be cheaper, anyway.

Don’t move junk to your new place.

Moving things you don’t need is a waste of time, energy, and money.

Why waste gas transporting broken or unwanted items? Have a yard sale or make donations as you pack.

Get rid of anything non-sentimental that you haven’t used in six months.

Your back will thank you. Plus, you’ll be done moving much faster.

Pack items you don’t use far ahead of moving day.

This way you can start packing several weeks or even months ahead.

When we started house hunting, we started packing storage items and decorative things right away.

Each day, we packed a little more of whatever we could do without. Moving day was quick and relatively painless.

If you use it together, pack it together. It’s efficient and money-saving. Moving tips like this one are familiar to old hands like me.

When you unpack the television, you’ll need the remote.

Nothing like buying a new remote because you can’t find the old one (only to find it packed with the entertainment center decor months later).

Have a meal plan for moving day.

packed mealNo, I don’t mean an order that expensive pizza or fast food.

That wouldn’t save you much money.

Chances are, your dishes are packed.

Save money by making a picnic lunch before you pack the dishes.

It’s far cheaper than fast food.

Plus, what could be nicer than a celebratory picnic in your new home on moving day?…

October 21, 2020

How Families Use Home Theaters to Save Money on Entertainment

Many families are starting to consider investing in home theaters. This is because they are finding that as their entertainment budgets decrease, the prices of the things that they love to do together actually increase.

This is especially true when it comes to the price of seeing a movie. In most places, even a matinee costs around $7.00. A ticket to see a movie at night costs an average of $10, and can cost more with the premiums attached to movies in 3D.

Between filling the car up with gas, the cost of tickets and the price of movie theater snacks, a family of four can easily find themselves paying $100 or more for a night out. Home theaters, on the other hand, allow a family to enjoy movies in the comfort of their own homes for far less than what it would cost to go out.

family home theatreHome theaters used to be somewhat expensive, but with the technology changing on a regular basis it is now possible to get a good system for less than you might think. Every time the “next new innovation” in plasma TV or flat screen is released, the previous models are sold at reduced prices.

The same is true of sound equipment. Once you have your system set up, you do not have to go to the movies to get the pleasure of the movie theater experience.

In order to get the most for your money, you need to choose your equipment wisely. First, consider what you already have. If you have a DVD player already, for example, there may not be a need to get that piece of equipment.

Also, it is not necessary for good speakers to be expensive, so shop around and find the ones with the best sound quality that fit within your budget.

You can save money on movies by using a monthly subscription to streaming video services or having rental videos home delivered. If you enjoy older movies from time to time, you can also borrow movies from the library to watch at home.

Some people decide to install their new home theater systems themselves to save money over hiring a professional. However, it is a better idea to go on and allow someone with the knowledge and skill set to do the job.

family home theatreIf you accidentally break something while installing it, you have no recourse as far as returns are concerned because most places will not accept returns on items that were damaged due to misuse or negligence. A professional installer will have less chance of breaking anything and will probably have some kind of policy about replacing anything that does get damaged.

Also, it is important to make sure that your equipment is placed correctly for optimal viewing and sound quality. Being able to tell you where to place your equipment, as well as being able to set it up and make sure that everything works makes hiring a home theater installer worth the money, especially when you consider how much money your theater will save your family on entertainment in the years to come.

In this economy, people are trying to save money anywhere they can. Home theaters are a great way to take advantage of new technology while still keeping your family entertained.…

October 4, 2020

Credit Fixes to Help You Get a Mortgage

Bad credit makes it difficult to get a mortgage so you can purchase a home.

You can, however, get a mortgage with bad credit by improving that credit score quickly.

There are several steps you can take to improve your credit score fast:

Pay your bills on time. This may seem obvious, but if you make sure no more bills of yours are 30 days late, you are on the way to improving your credit score. Just one year of on-time payments will help you get a mortgage with bad credit.

Pay down your revolving credit accounts. Getting your credit card balances below 30% will have a big impact on your credit score. Do not, however, pay your credit cards off or close those accounts. You need to show that you have access to credit, but don’t need to use it all.

credit score improvementNurture your oldest credit accounts as a positive and long credit history will improve your score. If you have old credit cards with a positive history that you haven’t used in a while, use them again so that your history will be updated with the credit bureau.

Dispute any negative history. A disagreement with an old phone or store account can result in a collections item on your credit history.

The good news is that after several years pass, you can dispute the charge as unjust or not valid. Collection companies are seldom able to verify these old accounts due to mergers and lost files and will have to remove them from your credit history.

Make sure your credit card limits are reported properly. Make sure that the credit card company is reporting your credit limit properly. For example, if your credit limit is $1000.00 and your limited is reported as $500.00 it will look as if you are close to maxing out your credit card when you are not.

Ask your creditors for a favor. If you have a good working relationship with a lender or debt account, ask them to adjust what they have reported to the credit reporting companies. They may erase one pay payment, or re-age an account in arrears to remove delinquent history, helping you to get a mortgage with your previously bad credit.…