Home ยป community

7 Expenses that are keeping you in debt

4 replies
Fri, 09/11/2009 - 09:14
Savannah's picture
Savannah
User offline. Last seen 1 day 14 hours ago. (Offline)
Joined: 12/19/2008
Posts: 395

This is from Yahoo Finance.The headings are
1. . Not Knowing Your Limits
2. Fees, Fees, Fees
3. Paying the Minimum
4. Credit Card Cash Advances
5. Payday Loans
6. Not Negotiating
7. Ignorance Is NOT Bliss
 
It's a good article. http://finance.yahoo.com/banking-budgeting/article/107599/7-expenses-tha...

Top

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/30/2009 - 22:14
#1
cookiefan's picture
cookiefan
User offline. Last seen 2 days 21 hours ago. (Offline)
Joined: 12/24/2008
Posts: 313
Re: 7 Expenses that are keeping you in debt

7. Ignorance Is NOT Bliss
The worst culprit for keeping you in debt is not knowing where your money is going. Make it a priority to keep records of where and how you spend your hard-earned cash. Make a repayment plan and have set goal-dates for paying off debts. Without these tools, it's far too easy to stay in debt. You can purchase accounting software, make a simple (and free) spreadsheet on your computer or even work it out with a pen and paper; just make sure you make a long-term plan for regaining control of your finances.
Debt may seem like a life sentence, but it doesn't have to be. The number one tip for maintaining financial health is awareness. Be aware of your money and where it goes each month, and be aware of the options available to you. There are easy ways to help alleviate the stress on your finances and move from red to black, and the rewards are more than just monetary.

This is me. I don't know where it all disappears to!


Without frugality none can be rich, and with it very few would be poor.
- Samuel Johnson

Top
Wed, 11/04/2009 - 02:51
#2
LohanP's picture
LohanP
User offline. Last seen 19 weeks 1 day ago. (Offline)
Joined: 11/04/2009
Posts: 1
Re: 7 Expenses that are keeping you in debt

Tuition fee, recreation, food, transportation, clothes, shelter, and other unnecessary things that is not intended to buy but this give contentment to me. It’s very difficult to make a decision regarding with money. That’s why we really have to be efficient and sufficient in everything. Efficiency is the relative amount of work (effort, expenditure) it takes to produce something.  Low efficiency means you're losing money, but you will somehow anyway.  Making your business efficient in money, without having to cut corners on quality, will mean you never have to repair credit with clients.
 
 

Top
Wed, 11/04/2009 - 06:19
#3
billeater's picture
billeater
User offline. Last seen 2 hours 14 min ago. (Offline)
Joined: 09/27/2008
Posts: 91
Re: 7 Expenses that are keeping you in debt

Lohan?  Huh?  You sound a bit like a robot with a frazzled circuit.

Top
Fri, 11/06/2009 - 20:34
#4
pennywise's picture
pennywise
User offline. Last seen 1 week 4 days ago. (Offline)
Joined: 01/08/2009
Posts: 276
Re: 7 Expenses that are keeping you in debt

 Yeah I have to agree with billeater, your post is kinda weird Lohan. What is it you're trying to say exactly? 

Top