"The box was a universe, a poem, frozen on the boundaries of human experience."William Gibson
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100% Home Mortgage Refinance – Choose A Lender Online
100% home mortgage refinance frees up your money for other purchases, like a second home, renovations, or debt consolidation. To get the best deal on your cash out refi, look online for your next lender. By evaluating loan quotes that you can get in ...
Loan Refinance
This article provides useful, detailed information about Loan Refinance. There are many ways in which Loans can be categorized. When we say Loan, we are talking about big Loans, not payday Loans. If we categorize them based on their nature, ...
Mortgage Refinance - Tips To Help You Cut Fees And Costs
Saving money through a mortgage refi is more than just finding the lowest interest rates. You can further cut fees and costs through the structure of your loan, avoiding PMI, and buying lower interest rates.Close Credit Card AccountsClose inactive credit ...
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Your Finances
By Terry Rigg
Which category do you fall in?
I have determined that financially, people fall into one of
three categories.
1. Family 1 has all the money they need for necessities and
more and manage it very well.
2. Family 2 has all the money they need for necessities and
more but live payday to payday with ever increasing debt.
3. Family 3 don't have enough money for necessities.
The funny thing about the three families above is that they
could have exactly the same income and family size. This is
not to say that special circumstances has nothing to do with
it, but on the average most people live above their means.
Family 1 has established a workable budget. They don't pay
more than they can afford for housing, transportation,
utilities, etc. They also have money set aside for long and
short term savings. This short term savings provides two
things. First, it makes money available when the car breaks
down, you need a new washer or any number of unexpected
expenses that crop up. Second, it prevents the need to use
credit cards for these items. The savings here could be
hundreds of dollars. Family 1 planned.
Family 2 is still struggling to establish a budget. In many
cases their house payments or rent is much more than they can
afford. They don't take the time to evaluate the money that
could be saved with little effort. Usually there is no short
term savings, let alone short term. They use credit cards as
if they were cash and pay hundreds of dollars in unnessary
finance charges and penalities. These people find themselves
with financial problems that often leads to bankruptcy. Family
2 either didn't plan or may not know how the handle their
finances.
Family 3 has given up on a budget. No matter what they do there
isn't enough money to pay for housing and other necessities.
They struggle to put food on the table. Most don't qualify for
credit cards, which is a good thing. In some cases this
situation is self inflicted and some are due to circumstances.
What is the answer to these problems?
Family 1 - Leave these people alone unless you plan to ask their
advice.
Family 2 - These are the people that need to seek help and stand
a chance of becoming a family 1 family. The possible solutions
include a debt management company like Consumer Credit Counseling
Service. They need to establish a budget and stick to it. If
their housing and other expenses are too high, then they need to
cut back, even if they have to move. They also need to cut up
the credit cards and think about consolidating. Depending on
how far they are in debt, this could take years.
Family 3 - While their struggle seems useless, there are things
that can be done. First, they need to see to it that everything
is being done to keep expenses down. The electric bill is a
good example. There is federally subsidized housing that only
charges a small fee based on your income. Make sure that they
are receiving all federal and state benefits that they are
entitled. If they are able, they should seek job training or
some other means to make their life a little better.
Which family are you? No matter whether your are family 1, 2
or 3, there is hope. The primary thing that must be done is to
educate everyone that learning to managing their finances is
absolutely for their peace of mind. With the vast amount of
information on the internet providing help, this is possible.
If you are a family 2 or 3 family, "The Complete Budget and Bill
Organizer" http://www.homemoneyhelp.com/BBOonline.html can help.
About the Author
Terry Rigg is the author of Living Within Your Means - The Easy
Way http://www.homemoneyhelp.com/ebookadpage.html and editor
of The FREE Budget Stretcher Newsletter and Budget Stretcher
web site http://www.homemoneyhelp.com. He has 25 years of
experience counseling individuals and families concerning their
personal finances. Use this email link to get a list of all of
Terry's articles by autoresponder at:
articlelist@budgetstretcherpremium.com
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Head of Harley-Davidson's finance arm resignsBusinessWeek - 20 hours agoHe also has worked as corporate controller and vice president of finance for financial services at Sears, Roebuck and Co., and in senior level positions at ... |
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