Getting the funds to get out of debt

Paying off your debt is a matter of managing your finances. People can be in debt and be completely broke and some people are in debt and have the funds to pay their debt off but choose to spend it on other things. It is important to take the step to getting out of debt as soon as you can. The more debt that is accumulated the harder it will be for you to have the desire to pay it off. If you really have the drive to get out of debt you can and it will make your life easier. There are many people in debt and some feel that they are not obligated to pay their debt off or they feel that they will never get out of debt. You may be reading this and saying but I do not have funds right now to pay it off. I'm going to suggest some ways for you to make money to pay your debt off. Remember, every little bit helps.

1. Do you have hidden treasures in your home?
Some people don't realize it but they have things that people want. If you have working electronics you can try to take your items to the local pawnshop, the big ticket items are always electronics, jewelery, etc.
2. Sell your unwanted items to on Craigslist or Ebay or you can try taking them to consignment shops.
3. Sell your used Textbooks on Amazon or Barnes and Nobles, there are many other bookstores online or locally.
4. Try selling your CD's or Dvds at your local music store.
5. GPT sites are also a fast way to earn money some sites can be found on my other blog http://moneymakingnewbies.blogspot.com
6. Donate Plasma
7. Participate in Clinical studies in your area
8. Post your talents for hire on Craigslist
9. Make money online by creating your own online store, pay per post, etc, some tips can be found here http://www.squidoo.com/moneycrunchalert.
10. Pick up another part-time job
11. Recycle your soda pop cans even waterbottles
12. Garage Sales or Yard Sales


Saving Money

1. Use coupons
2. Invest in an Entertainment book at www.entertainmentbook.com

Once you have extra cash use it towards paying off your credit card that has the least balance on it, this way you won't be discouraged because you will actually see some of your debt being eliminated.

Good Luck!

Paying off your debt is a matter of managing your finances. People can be in debt and be completely broke and some people are in debt and have the funds to pay their debt off but choose to spend it on other things. It is important to take the step to getting out of debt as soon as you can. The more debt that is accumulated the harder it will be for you to have the desire to pay it off. If you really have the drive to get out of debt you can and it will make your life easier. There are many people in debt and some feel that they are not obligated to pay their debt off or they feel that they will never get out of debt. You may be reading this and saying but I do not have funds right now to pay it off. I'm going to suggest some ways for you to make money to pay your debt off. Remember, every little bit helps.

1. Do you have hidden treasures in your home?
Some people don't realize it but they have things that people want. If you have working electronics you can try to take your items to the local pawnshop, the big ticket items are always electronics, jewelery, etc.
2. Sell your unwanted items to on Craigslist or Ebay or you can try taking them to consignment shops.
3. Sell your used Textbooks on Amazon or Barnes and Nobles, there are many other bookstores online or locally.
4. Try selling your CD's or Dvds at your local music store.
5. GPT sites are also a fast way to earn money some sites can be found on my other blog http://moneymakingnewbies.blogspot.com
6. Donate Plasma
7. Participate in Clinical studies in your area
8. Post your talents for hire on Craigslist
9. Make money online by creating your own online store, pay per post, etc, some tips can be found here http://www.squidoo.com/moneycrunchalert.
10. Pick up another part-time job
11. Recycle your soda pop cans even waterbottles
12. Garage Sales or Yard Sales


Saving Money

1. Use coupons
2. Invest in an Entertainment book at www.entertainmentbook.com

Once you have extra cash use it towards paying off your credit card that has the least balance on it, this way you won't be discouraged because you will actually see some of your debt being eliminated.

Good Luck!

You Can Do It!! (Keep track of finances)

Hi Everyone:)

Today I'm going to talk to you about managing your finances. This is one of the reasons why debt starts to build up. It's easy to spend money but not so easy to manage it. One of the ways to keep track of your finances is by using an excel spreadsheet. You want to start with how much you have and deduct all the monthly bills so that you know how much you need to keep. Than you also want to deduct how much debt you owe to credit cards and for leisure activities, food, gas, miscellaneous. The easiest way to pay your bills is by doing it online because the transactions will go through right away and you will know how much you have left. It's not really a good idea to use a credit card to pay bills if you are in credit debt the best solution is to get a free prepaid card like the
AccountNow Vantage Debit MasterCard

Visa Prepaid Card

, these cards only allow you spend the amount that you have so that you don't incur overdrafts or more debt. They both offer the direct deposit where you can choose to have how much of your paycheck to deposit onto it, however there are monthly fees just like any bank card. If you have your own bank account you can also do the same but you might get overdraft fees. Prepaid cards are good because you can allocate a certain amount for your bills onto the card so that all you need to do is pay it online and than you have your remaining left over, this way it ensures you will not overspend and your bills will be paid:). My husband gave me the idea for the Excel and trust me it works, you will be able to see where your money is going and what you might need to cut back on.

How to setup your excel spreadsheet:
Make sure to title it as the monthly spending
1.Item
2.Amount Received
3.Amount Spent
4.Total
5.Notes
6.Payment Method
7.Confirmation

It should look like this:





If you owe payments on a credit card but can't make the full amount just call up the company that you owe money to and make payment arrangements, in an economy such as this they will probably be more willing to cooperate. Once you've figured out a payment plan make sure to add that onto your spreadsheet.

Hi Everyone:)

Today I'm going to talk to you about managing your finances. This is one of the reasons why debt starts to build up. It's easy to spend money but not so easy to manage it. One of the ways to keep track of your finances is by using an excel spreadsheet. You want to start with how much you have and deduct all the monthly bills so that you know how much you need to keep. Than you also want to deduct how much debt you owe to credit cards and for leisure activities, food, gas, miscellaneous. The easiest way to pay your bills is by doing it online because the transactions will go through right away and you will know how much you have left. It's not really a good idea to use a credit card to pay bills if you are in credit debt the best solution is to get a free prepaid card like the
AccountNow Vantage Debit MasterCard

Visa Prepaid Card

, these cards only allow you spend the amount that you have so that you don't incur overdrafts or more debt. They both offer the direct deposit where you can choose to have how much of your paycheck to deposit onto it, however there are monthly fees just like any bank card. If you have your own bank account you can also do the same but you might get overdraft fees. Prepaid cards are good because you can allocate a certain amount for your bills onto the card so that all you need to do is pay it online and than you have your remaining left over, this way it ensures you will not overspend and your bills will be paid:). My husband gave me the idea for the Excel and trust me it works, you will be able to see where your money is going and what you might need to cut back on.

How to setup your excel spreadsheet:
Make sure to title it as the monthly spending
1.Item
2.Amount Received
3.Amount Spent
4.Total
5.Notes
6.Payment Method
7.Confirmation

It should look like this:





If you owe payments on a credit card but can't make the full amount just call up the company that you owe money to and make payment arrangements, in an economy such as this they will probably be more willing to cooperate. Once you've figured out a payment plan make sure to add that onto your spreadsheet.

What is Debt?

Debt, in the Merriam dictionary is defined as "A state of owing."

In order to owe someone we would need to borrow from another party which usually means monetarily. This could be student loans, car loans, mortgages and the most common one; credit cards. How do we get in debt? We get in debt when we spend or borrow more than we can pay off. It becomes detrimental when payments are being missed because every time we miss a payment we receive a mark on our credit report and a ding on our credit score.

FICO Scores-(Fair Isaac & Co. Credit scoring) Scores that are given to determine your worthiness of being responsible and paying off your bills and debt on time. How many credit cards you have and whether the balance is high, charge offs etc. In this economy credit is used for everything.

Credit scores-
700+= Excellent credit
680-699=Good
620-679=OK
580-619=On the verge of bad
500-580=Bad
499 and Below=VERY bad

Where do you fall?

You might be saying, I don't need to pay off the debt or I'll just get another credit card and transfer my balance onto there. Well my friends doing that still makes you in debt and if you don't pay off your debt your life will be miserable with harassing collection companies calling you at home and even at work, letters to court, isn't it time to start paying off the debt? Even if you don't pay off your debt, it will haunt you for life and your children's lives and your children's children's lives and well, you probably get the picture.

The first step to getting out of debt is to be determined and willing to make whatever changes need to be made. Ask yourself,"How willing am I to do what it takes to get out of debt?"

Debt, in the Merriam dictionary is defined as "A state of owing."

In order to owe someone we would need to borrow from another party which usually means monetarily. This could be student loans, car loans, mortgages and the most common one; credit cards. How do we get in debt? We get in debt when we spend or borrow more than we can pay off. It becomes detrimental when payments are being missed because every time we miss a payment we receive a mark on our credit report and a ding on our credit score.

FICO Scores-(Fair Isaac & Co. Credit scoring) Scores that are given to determine your worthiness of being responsible and paying off your bills and debt on time. How many credit cards you have and whether the balance is high, charge offs etc. In this economy credit is used for everything.

Credit scores-
700+= Excellent credit
680-699=Good
620-679=OK
580-619=On the verge of bad
500-580=Bad
499 and Below=VERY bad

Where do you fall?

You might be saying, I don't need to pay off the debt or I'll just get another credit card and transfer my balance onto there. Well my friends doing that still makes you in debt and if you don't pay off your debt your life will be miserable with harassing collection companies calling you at home and even at work, letters to court, isn't it time to start paying off the debt? Even if you don't pay off your debt, it will haunt you for life and your children's lives and your children's children's lives and well, you probably get the picture.

The first step to getting out of debt is to be determined and willing to make whatever changes need to be made. Ask yourself,"How willing am I to do what it takes to get out of debt?"