7 Expenses that are keeping you in debt

4 replies

Fri, 09/11/2009 - 09:14

Savannah

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Joined: 12/19/2008

Posts: 300

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...

Fri, 10/30/2009 - 22:14

cookiefan

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Joined: 12/24/2008

Posts: 258

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

Wed, 11/04/2009 - 02:51

LohanP

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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.

Wed, 11/04/2009 - 06:19

billeater

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Joined: 09/27/2008

Posts: 67

Re: 7 Expenses that are keeping you in debt

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

Fri, 11/06/2009 - 20:34

pennywise

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Joined: 01/08/2009

Posts: 197

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?

7 Expenses that are keeping you in debt

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