Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Personal Finance
Finance Discussion Forum

 Whats the best way to clear debts?

Additional Details
i got made redundant from the job i had and now unemployed so is hard to keep up with the payment that i once was able to pay. because of these debts they have made ...


 HAVE you ever saved a MONEY aside , What special thing you have BOUGHT with it?
Ok..Anyone of you ever saved some money for the intention of buying something special(material thing)?...


 SCAM???? Has anyone received a letter in the mail about ccfsettlement?
Today I received a mail saying that if I used my debit card/credit card overseas between 1996 and 2006, I am entitled to money from a class action suit due to transaction/conversion fees. My gut ...


 Will my parents be rich soon?
...


 How much is $2.4 million?
is it $2,400,000?...


 If I opened up a bank account and asked people to put in one pound each would they?
Just to be ...


 How could i (15 year old) earn money without mowing lawns and babysitting?
I need a job, not want i literally need a job. I wont be able to babysit because there arent any babysitters around my area an nobody's lawn to mow. Also i wont be able to do chores around the ...


 Does anyone live from paycheck to paycheck?
It seems like I make enough money but I can NEVER hold on to it!!! Help?...


 How do you avoid spending too much over Christmas?
The festive season is upon us, and for most it means overindulging, overeating and overspending!

How to you keep your cash flow under control at this time of year?

-Yahoo!7 F...


 Does money make you happy?
...


 I have written some cheques out from my account.?
Trouble is I have no funds available and am already over my limit.

What can my bank do about this, and is this technically fraud?...


 I have received mail from equity bank of nigeria limeted inlagos telling me that i won 400000$ from australia?
telling me that i win 400000$ from australian lottery signed by mr. andrew kemaa asking me to send 400$ to mr. charles obichere , is it true or just atrick please tell me ...


 What would you do if your heating bill was more than your income?
...


 If you get a gift of $5000.00, is it better to pay off debt or put it into savings?
...


 Is £1000 a month enough for someone to live in reasonable comfort in london?
Im talking owning a basic car, going out weekly, on top of all other that comes under comfortable ...


 Debt problems!!!!?
I have debt problems currently owe £9,000. I have for the last two years not been in a position to pay any of these debts but i have recently got myself a good income and i am finally able to start ...


 When I use my debit card at the supermarket to pay for groceries why am I asked "debit or credit"?
Does that mean that I will get a bill from the credit card company that sponsors my debit card? Why use debit? Why use credit? Is there any advantage or disadvantage to using either?...


 Will I survive?
I'm really bad at saving, what's the best technic to save money????...


 What's the best way to get out of debt?
Are there any companies you can recommend?...


 What's the fastest way to make a ton of money?
Besides winning it and stealing it, is there a way to make money fast?...



thebigachiever
In what order should I spend my money?
Pay to buy House
Purchase/Invest in Gold
Pay Bills
Pay Self
Pay to Savings

Arrange in order you think works best for long term success.
Additional Details
Interesting types of answers. You ALL need financial training. Saving is what 99% of people are taught. It is taught out of FEAR.
The act of paying one's self is almost synonymous with investing in assets.
A home may be a necessity but it is NOT an asset. It takes money OUT of your pocket.
Savings are taxed.
I've learned that you must let your assets buy your luxuries.
Invest in a business BEFORE you buy a house especially if you're still in your twenties.
So my order would resemble what the rich's order would be...obviously because I'm becoming rich as well so this order won't work for most people...only who intend to be rich.
Pay self first and pay bills last.
Paying self entails investing in a dairy herd instead of a beef herd.
I do save but only short term with the goal of investing that cash. Think about these things and see for yourself what makes sense.
House-Liability
Bills-expenses
Invest-Cash flows to you with or without your physical effort.
Have a great day.
                     
 




Random
first do all the bill you can pay off and get off your back...
very hard.....this taks some thinking
1-house}
2-bills} this two should both be number one , but i would rather have a roof over my head(if you already have the house)(if not then bills #1 saving for house#2)
3-gold(are you investing to make money or buying for yourself? if buying for you self then last)
4-saving
5-pay self


Mommy to Lauryn and Sydney
Rating
Pay to buy a house
Pay bills
Pay to savings
Pay to self
Invest in gold if you want to..


gina w
Rating
bills
savings
house
self
gold


Lucky~Mommy
Rating
pay house, pay bills, pay savings, invest and last pay to self.


Steve H
bills house gold self


karen w
pay me
pay house
pay bills
pay saving
buy silver/not gold


Aikha Gandhi
Pay bills (if you pay your bill you know exactly hom much do you have left to free spend)
Pay to buy house
Pay to savings


momoftwo
Rating
house
savings
bills
self


Jet
#1 Pay strippers


peewee111689
Rating
Firts, spend it in what you really need for example fills, gas, or food. Second spend on what you really want for example clthes. And finally, save some in case of an emergency. You never know when you will really need it.


*HabiscusFlwr22*
Rating
Pay bills
house
savings
pay self
invest in gold


moneyoffman
Hi,

Different people have different goals and expectations from life. Inevitably it is only you who can prioritise you're spending. There is no hard fast rules or advice. You can check out a few financial sites for advice which might help you focus you're spending but its all subjective.
Try out the following site it is packed full of articles, tips, resources and links you can use for all of you’re financial needs.

Thanks

http://www.good-financial-planning.info


amazing_creation
Pay Yourself first (savings, investing for retirement, etc.)
Pay your bills second

Gold is at a high right now. It's not a good time to 'buy in'. You buy low and SELL high. Now would be a good time to sell gold that you have an invest the cash in money markets, etc.

Unless you have all the cash in hand, buying a house is actually purchasing a liability. You are increasing your expenses. It can be a 'good' expense, but it is still a hefty bill that you'll have to factor in each month.


NATCHIC
I guees you have to marry first to found out


chrisnoscrub047
Bills -- these are debts you have already incurred
House
Savings
Self
Gold-- Last because you should wait for a long while for either the dollar to catch up with the price of gold or the gold bubble to burst. (it is seriously overpriced right now)


sumer t
just give them to me


Taylor's Dad
Realistically, you have no money until you pay off your bills. You are simply holding on to other people's money. Pay your bills first, save enough to put a down payment on a house, leave a little invested/saved for the proverbial "rainy day", then, when you are all done with that, play a little by paying yourself.


Blond&Tall
Rating
1. Pay Bills (to keep in good credit standing, so you can buy a house)
2. Pay to Savings (for your future, so you can afford to buy a house)
3. Pay to self (less then 20%)

Gold? who cares.. you need to invest your money in real estate or the stock market.


kassandra
Pay bills including mortgage if you already have one
Pay all other necessities
Pay to savings and or investments (Gold or whatever)
Pay to a house down payment account
Pay self


sprintcar1741
Rating
savings ( start/continue for an emergency fund)
bills ( these are fixed expenses so you need to pay these)
self ( heres your spending money)
house ( put some away for a house)
invest ( in gold, or whatever else you would like)


Melissa H
Define self...Assuming you mean that self is money to invest then here is what I think...
SELF
start investing in assets that will produce cashflow such as Real Estate or start a business!
GOLD
great investment
BILLS
you need good credit and should be responsible
HOUSE
now you can afford it and everyone needs a home
SAVINGS
Emergency funds now and always to cover monthly expenses for 3 months in case other than that you are better off doing other things with your money.

Make your money work for you! Not the other way around and I would suggest investing in your education even if it is on books, etc..


jenny
Rating
1-give it all to me, 2 whatever the yr 2012 is coming up fast


DeeJ
Rating
all at once


James N
GOLD GOLD GOLD GOLD

ESP with the "credit Crunch" coming up
GOLD GOLD GOLD GOLD



James


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy