In today’s socio-economic scenario, credit card debt is out of control. Taking advantage of the situation, a large number of debt management agencies have popped up all over the internet. If you browse through the internet you’ll come across a lot of sites promising to offer legal assistance to the debt stricken people. If you really feel that the burden of your debt has pushed you into a tight corner then of course you can look forward to the help and advice of any debt collection agency . But prior to enrolling into any program promoted by those firms, you need to check the authenticity of their programs on different parameters.
Debt reduction agencies may bombard you with loud promises but as a responsible citizen it is your job to check if their promises are genuine. Fraudsters are always attempting to get your money and at the same time the cost of bankruptcy can also prove to be disastrous for you. Full Post…
Im sure that youre familiar with deferred payment plans. Theyre a very popular sales tactic in stores that sell household furniture, white goods, and basically anything electrical. In fact, these tactics are getting pretty popular lately; you can defer payment on almost anything:
Need a student loan? Worry about it later! Want a new car? You can defer those payments too! How about a house? Sure, go ahead and sign up, theres nothing to pay for a whole year!
Deferred payment plans are a dream come true for sales people and spendaholics alike, it seems like everybody winsuntil the deferral period ends payments.
Yep, at some point, those deferred payments will have to be paid, and thats when people end up buried in debt without even realising.
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There’s a way for you to make crucial decisions and to have the peace and confidence in knowing that your decision is the best one for you. There are plenty of ways you can get up and confidently make your important decisions, particularly when you spend money.
For some people, making a fast decision is best for them. However, for many, it is absolutely not. In fact, your conflict has a lot to do with you doing what is authentic and real for you versus what you think you should do.
When you get really excited about buying something and then you talk yourself out of it, in your excitement, you are experiencing two things. One, you are feeling the truth about really wanting something, and two, you are experiencing your fear from past conditioning, which is telling you that you can’t have what you want because you don’t deserve it or you can’t be trusted to have what you want, etc.
It is like riding a roller coaster. Full Post…
There is a great community of personal finance bloggers sharing their knowledge and insight to ease the burden on your financial situation. To make sure youre getting a complete financial perspective, here are 5 of my favorites:
- How to Think of Your Mortgage Sam gives a fresh perspective on how his mortgage has contributed to his long term financial stability (Financial Samurai)
- What to Do With Your Tax Refund Jill has some great ideas on how to use your tax refund when it finally arrives! (My Dollar Plan)
- Staying Thrifty While Keeping Extravagance I really enjoyed this guest post about enjoying your life on a budget (Redeeming Riches)
- Check Your Bank Statements This is some great advice on how to keep up with your expense statements and make sure you arent accruing fees (Dough Roller)
- Location Independence This one is less financially related, but I enjoyed it nonetheless.
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Over time, Ive been influenced by some very wise personal finance bloggers who devote their energy to helping us learn. I want you to get a complete and well-rounded understanding, so I asked Kimberly from the very successful blog Alpha Consumer to share some of her delightful insights with us. Here’s her fantastic input:
1. Some of my readers may be interested in following Alpha Consumer. What value or overall message do you think your readers get from your blog?
My main goal is to help people make the best financial decisions for themselves. Of course, this means different choices for different people, so instead of advocating a specific approach, I try to provide the best information to help people make informed decisions.
2. You’ve become one of the most successful personal finance blogs on the internet. Wha
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— Abigail Shipp @ 7:44 am — 
July 14, 2011