January 29, 2009 by nodebt.

Wealth has nothing to do with how much money you earn. Wealth is rather that sense of being financially independent, financially un-vulnerable. And unless you are completely out of debt, you are a slave to whomever you owe money. On the other hand, if you are debt free including your home, who can touch you? You then have the option of investing the money you use to waste paying bills. You can buy items cash and get the leverage cash can bring to the bargaining table and still remain out of debt. You even have the option of reducing the need to bring in a paycheck by living on less with a simpler life or a life more to your choosing.
Give yourself a real pay raise of up to 40% tax free by getting out of debt!

If this makes sense, find out how to get out of debt in the fastest way known through the Debt Elimination Mini Course which is offered for absolutely no cost at all. Now there is a win-win scenari!

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January 29, 2009 by nodebt.

All debts are not equal. And if you are ever caught with more debt than income, you need to make some choices. These are the recommended priorities.

Rent/Mortgage

1. Utilities
2. Child Support
3. Car Payment
4. Secured Debt
5. Unpaid Taxes
6. Food
7. Unsecured Debt
8. Other Bills and Needs

You can find an elaboration of the above at my artcle of the same name Hierarchy of Debt along with a process for managing the debt.

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April 6, 2007 by nodebt.

Michelle Singletary of the Washington Posts suggests having a spending plan can assist differentiating between wants and needs.  I also very much agree with her final comments: “If you’re tired of living paycheck to paycheck, then it’s time to set a budget. If you want to get that debt albatross off your neck, then budget it away. And don’t view your budget as a fun-buster but rather a way to bring financial peace and order to your household.”  See Budget Helps You Determine Needs and Wants

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April 4, 2007 by nodebt.

Frugal Corners is about resources to save you money. Whether you are looking to reduce your debt or eliminate it entirely, the affect will be the same. You will save “tons” of money. And the best part is, the money you save is like extra money you earn simply by doing things differently… and its all tax free. See this lost of money saving sites at Frugal Corners

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March 30, 2007 by nodebt.

Richard Browning offers some superb tips on saving money from his book This Is Money.  Though written for consumers in Great Brittain, consumers world wide will have no difficulty interpreting more money in their pocket.  See 50 Ways To Save Money .

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March 29, 2007 by nodebt.

Are you fighting a cold and don’t want to spend $20 or more on all of those over the counter remedies? Families.com offers some frugal ways to treat a cold. See Frugal Cold Treatment

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