 When a credit says they ae going to take you to court for an 8 year debt are they lying or can they do that? |
| When a credit says they are going to take you to court for a 7 year debt are they lying or can they do that? I got a call from a "lawyer's office" saying that If I dont pay I will be ... |
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 Will i be able to make complete a transaction that exceeds my Credit Card limit? |
| i got a credit card with a limit of $500. its new so i havent used it yet. i can pay off the bills and wat not but i wanna know if i pay a ps3, an extra controller and rainbow six vegas, will i be ... |
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 What should you do when your parents taken out credit cards in your name and been using it? Also been late? |
| I love my mother very much but when i rcvd a call from collecters stating i have 5 credit cards in my name, i was very upset with her. I dont want to charge her with fraud but i need these neg- ... |
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 Collection Agency Question? |
I've heard conflicting information so I'm looking for some definitive answers. With regard to collection agencies:
1. Can they actually sue you and/or even collect the debt in ... |
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 Having "TOO" much Credit? |
Ok.
So I was told at the tcar lot today that I have too much credit and can't get a car.
I pay every single bill on time and have mulitple credit cards that i pay on time.
... |
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 Is this a scam? |
| Someone sent my wife a $3500 check from south africa with a letter stating I won a $900,000 drawing. They said the 3500 is to cover the taxes. They want me to cash the check and they will make ... |
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 I need car finance but have no proof of income and bad credit history is there any lenders? |
| i was discharged from bankrupacy 3 years ago and most of my work is cash so proof of income is difficult to ... |
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 If I pay my credit card off completely every month, then how does a credit card company make money off of me? |
| i've paid my credit card every month completely since i've had it. i have excellent credit. My credit card is American Express. If they know I pay it off every month then why do they keep ... |
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 Should teens have credit cards??? |
Only answer in
yes
no way
not sure
yes, but one that i can ... |
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 Credit Repair help! I have paid every bill owed on my credit report, meaning I am debt free, READ ON? |
however even though all my debts are paid
(what a great feeling)
my credit report is a mess because these lousy creditors have not updated my report. So in reveiwing my report I am so over ... |
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 What chances do I have of getting an auto loan with a 495 credit score? |
| im looking for a used car between $6000 and $9000. Will I be approved and what will my down payment need to be?... |
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 When you apply for a credit card online...? |
| ... after you submit the application and the screen says "your application has been approved"... would it still be possible for the card issuer to review your application again and ... |
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| I have a collection that is wrong but do I fight it or just pay it off? |
| I recently checked my credit report and found a collection on my account for a utility bill from 2004. The amount is not very large but I know it must be wrong because I never lived in that city ... |
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 When should I get a mortgage? |
| My lease is up on May 1st. I only have a small downpayment and my husband and I both have poor credit scores (mid 500s). Together our income is over 55000, but since we are young, we haven't had ... |
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 I have horrible credit and can't get a credit card? |
| I would like to get a credit card for emergencies like gas, prescriptions etc. My credit is terrible from being stupid when i was younger. I can't fix my credit right now because i don't ... |
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 Is there a way to know my VISA card number? |
| I put my Visa card in the bank's locker but i forgot the number, is there a way to remember what it is without getting the card?... |
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 How many people are in debt out there? |
| i dont mean mortgages or car loans.. but credit cards and other bills... I am 10,000 in debt.. just wondering if im the only one.. you dont have to say how much.. i just wanted ... |
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DMM | How can one improve ones money management skills? |
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CableTech
 |
#1 Don't take advise from Broke People.
#2 Seek advise from the wealthy.
#3 http://www.DaveRamsey.com |
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shojo
|
Start writing down every penny you spend in a small notebook that you can easily carry with you. At the end of the week, look at where your money has gone. Decide what of that was unnescessary, and put that amount in a savings account. Put the rest in envelopes: food, entertainment, bills, etc... If you've spent all of your entertainment money by Monday, too bad, wait until next paycheck to go to the movies! The envelope system will help you learn how to budget, and eventually, you will be able to just know what you can spend and what you can't. If you think you need professional help to get on a budget, I'll include a great website that will help. |
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DramaGuy
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Track everything you spend. |
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dx2000fan
 |
Open a savings account, and constantly put money in it. Even if it is only a couple of dollars, this will help you start a fund that you can grow. |
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flowerlover12003
|
Buy a notebook and keep track of every penny you spend. Set up a budget to pay bills, savings, etc. A credit union or bank can also help you. Remember to save at least 10% of your gross income to yourself. You have to know how much you bring home (pay) and how much you are spending. |
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linkUS
|
Money management skills are acquired over time. Start by writing down what you spend money on every day. Looking at spending patterns begin to eliminate some spending that is not helping your situation. Eventually you will develop a budget. Stick to it, allow at least 10% for savings (not necessarily IRA, ROTH IRA or 401k) and keep increasiing it.
Look forward to a huge change in the USA economy and you will be prepared for it. Everything you do today will prepare you for what is to come. |
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Studly
|
Money management skills consist of 3 things....
Dicipline, organization, planning, record keeping....um, ok 4 things.
If you can't dicipline yourself with spending don't even try to get started. It won't work. If you can't walk by that overpriced Starbucks shop without buying a coffee and donut, you are doomed to fail.
Organization involves sitting down, and writing out a budget. Get a spreadsheet program. They are not difficult to put together. If properly done, you can easily plan your budget for months!
Planning. Goes with Organization....what expenses in the future will you have? Want to save for a vacation? Put money away for taxes? This is where you start figuring it out.
Record Keeping. Use a checkbook whenever possible. Some people put most of their payments on their credit card (making sure it's paid off every month). That way, when the bill comes in, it's easy to sit down and update your spreadsheet.
Planning for the future involves looking into the past and gathering your old records. Example: By looking at your utility bills from a year ago you can estimate your upcoming payments.
There are a lot of resources on the web that will help you create a budget. Just do a Yahoo search for "creating a budget".
Need more help or encouragement, contact me. My spreadsheet is so involved that rocket scientists can't figure it out. |
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* Claire *
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You carnt its impossible. Even if you right all your debts out, it never works out like it does on paper...Trust me ! |
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Thomas M
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First, start by tracking your income vs. expenses. Computer software like Microsoft Money works great for this. After a few months, you can get a real good idea of how much of your income is going to essentials (rent/mortgage, utilities, etc.) and how much is going elsewhere.
Then you can evaluate your spending haibits. The key here is to decide what is important to you. The two opposite ends of the spectrum are the miser mentality and the live-like-you-are-dying mentality. Personally, I think being both of these mentalities are huge mistakes. You want to be able spend your money on what is important to you, but you want to also make some sacrifices so that you will have financial security for the future. Balance is the key.
After you adjust your spending habits, you'll (hopefully) have some extra money left over each month. With this money the best things to do would be to: 1. Pay off debt faster! 2. Keep some savings, and 3. Invest; in that order. There are some exceptions to the order above (ie. paying off a low interest mortgage is considered less important to some people then investing). But in general, the order above is a good general rule. And if any of the debt is on credit cards, pay it off ASAP. Credit card debt is some of the worst debt possible, and the most common. Personally, I don't believe anyone should use a credit card unless they are prepared to pay it off completely within a month. Obviously, this is sometimes unavoidable, but once again it is a great general rule to live by.
In conclusion, I hope this helps. Money management isn't very hard, but it takes some work and a lot of discipline. |
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optinc
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Basic tenet: Spend less than you earn. |
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