Wait For 2 More Weeks For The Debt Management Program October 11, 2008
Posted by Vedis in : Income Streams , add a comment
My blogging pal has gone back to her home country this weekend. I wonder when she will be back. Hopefully, I will see her again on Monday.
I hope to see her because it’s time for me to send my commissions from selling security systems online to her and she banks in cash to me. This time the money is needed urgently to pay my car loan installment.
I still have to wait for two more weeks before I know the outcome of the debt management program application.
Stop Recommending 0% Credit Cards, Balance Transfers Or Personal Loans August 28, 2008
Posted by Vedis in : Credit Cards , 1 comment so farI started blogging about my credit card debt in April 2007. While blogging away my debt, I also shared with readers credit cards and credit card offers.
However, after months of reducing my credit card debt, I decided to stop recommending 0% credit cards, balance transfers or personal loans.
The reason is simple. I no longer use any credit card. I feel good using cash.
If you are deeply in credit card debt and truly want to reduce your credit card debt, stop using your credit cards for expensive baby clothes, start using cash and pay down your credit card debt diligently.
3 Money Saving Tips To Keep Some Cash March 24, 2008
Posted by Vedis in : Money Saving Tips , add a commentWhen it comes to saving money, make it realistic and achievable. You will be amazed that you can still keep some cash. Here are 3 money saving tips that will help you keep some cash.
1. Avoid the Mall. This may sound unreasonable for many people. However, if you want to save money, this is truly one of the best ways to do it. Most of the time, we buy things that we want, not need. By going to the mall, we often end up buying more things than we have set out for. Buy only when you really need it. You will thank your credit card bill a month later.
2. Skip the Gourmet. You may not be aware of it but skipping 2 lattes a week can save you $24! Be moderate with your splurge on food. This is especially true when it comes to things like pizza delivery, gourmet deli, etc. (more…)
Compare Fees And Finance Charges Before Applying For Online Credit Cards March 2, 2008
Posted by Vedis in : Credit Cards , add a commentCharging for business products and services has become a way of life. No longer do people bring cash when they buy a sweater or a large appliance, they charge it on their credit cards.
Credit card offers may seem attractive, but remember a credit card is a form of borrowing that usually involves a “finance charge” — a charge for the convenience of borrowing — and often other charges as well.
Understanding the basic credit card charges helps you choose and use credit cards wisely. That way, when your creditor sends you something in the mail about a finance charge or late fee, you know exactly what he’s talking about.
Before selecting any on line credit cards, compare fees and finance charges first.
1. Annual Percentage Rate. The “annual percentage rate,” or APR, is disclosed to you when you apply for a card, again when you open the account, and it is also noted on each bill you receive. It is a measure of the cost of credit, expressed as a yearly rate.
Some credit card plans allow the card issuer to change the annual percentage rate on your account when interest rates or other economic indicators change. Rate changes raise or lower the amount of the finance charge you pay on your account.
2. Annual Fees. Most credit card issuers charge annual membership or other participation fees. These fees range from $25 to $50 for most cards, and from $75 on up for premium “gold” or “platinum” cards.
3. Transaction Fees and Other Charges. A credit card also may involve other types of costs. For example, some card issuers charge a fee when you use the card to obtain a cash advance, when you fail to make a payment on time, or when you go over your credit limit. Some charge a flat monthly fee whether or not you use the card.
Simply applying for the first one you open or the one that’s most aesthetically appealing isn’t the best way to choose. You can save hundreds, and maybe even thousands, of dollars by shopping around for a credit card.
Change The "Value" of Money May 10, 2007
Posted by Vedis in : Credit Cards, Personal Development, Spending , add a comment
Another friend who is willing to share with me her story today.
I have told you that my friends have come to know that I am blogging. I am glad that scribbling my credit card woes and tips on making money online on my blogs has indeed brought our relationships closer.
They are surprised that I can be so frank with my credit card debts. This has encouraged them to open their hearts to me . They allow me to write their stories as long as their names are not mentioned. Thanks, guys…;D
Three years after incurring a monstrous debt from her self-prescribed shopping therapy, Keimei has learned to control her compulsion to spend. She says she changed her behavior through “a slow weaning process”.
First, she began shopping within her means by paying in cash for the things she bought. She also made it a point to turn to family and friends when she felt the urge to shop.
Putting money in proper place will help you live a happier life. Part of the modern life dream is that money builds happiness,and we know that’s not true.
If money and material things are very important to you , what you want to do is find out why. For example, you may want a large house, but the desire behind it may be about your need for security.
It’s okay to have material goals, but you should enjoy yourself while you pursue them Make sure you have a balanced life. If you are becoming depressed or compulsive while seeking money, it’s not worth it.
Credit Card Debts - $58,961 April 24, 2007
Posted by Vedis in : Cash, Credit Card Debt Updates, Credit Cards , 4commentsThis is the latest update of my credit card debts for the month of April, that is $58,961. Yeahoo…there is a bit decrease.
I managed to stop myself from using credit cards this month. Yes, only CASH.
Let me share with you my 4 simple steps to reduce my credit card debts.
1. Cut Off Some of the Credit Cards. Now, I only have 2 cards with me and my hubby has only one card. If you have made up your mind to pay off your credit card debts, this should be your first step. This can avoid adding extra charges into your existing amount of debts.
2. Convert Your Credit Cards into Term Loans. Convert some of the credit card debts into term loans which charge lower interest, from 9% to 12% per annum.
3. Use Cash Only.
4. Make Your Repayment Early or on Time.
This is a very good start. Remember, well begun is half done !
Simplify your life. Follow the simplest steps again and again. Persistence is the key that I am using now to unlock the door to debt free life.
