Debt Rules

These debt rules apply figuring out which debts to pay first. Top Priorities: Always pay for your family’s needs first. This include food and unavoidable medical expenses, co-pays and medicine. It does not include old medical bills. Pay housing related expenses, such as rent and mortgage. If you don’t use an escrow account to pay your taxes…

Forgetting God

THURSDAY, MAY 22, 2014 You do not know what will happen tomorrow. For what is your life? It is even a vapor that appears for a little time and then vanishes away. —James 4:14 There was a time in my life when I could remember every week and month and year. Now I remember decades more…

DIY steps to repaying your debt obligations – Protecting your credit score

Are you someone whose accounts are being turned down to the collection agencies? Are you getting warning notices from your creditors? If you’re not being able to cope up with your debt obligations due to lack of funds and spiraling debt level, you should be taking some rock solid steps against your debt level. High…

Remedies for money mistakes

In my last post, I pointed out money mistakes to avoid. In this post, I’ll tell you how to remedy those mistakes. Mistakes 1-4: Buying a new car. Leasing a car. Not maintaining a car. Replacing your car before you’ve paid it off. Remedies: The remedy for mistakes 1-2  is: Buy a pre-owned car (used)….

Money mistakes to avoid

Some money mistakes to avoid are: Buying a new car. Leasing a car. Not maintaining a car. Replacing your car before you’ve paid it off. Giving into impulsive purchases. Spending without a budget. Making hasty decisions when purchasing items, especially large ticket items. Buying something new before selling the old item. Having too many credit…

Resurrecting old debt

Be aware that collection agencies might call you about debt that you might have forgotten about, some of it may be even as old as 20 years. The collection agencies buy the “out of statute” debt for pennies on the dollar from credit card issuers, stores, cell phone companies, and other companies. In fact, these…